Japan-based Nucor Corporation and JFE Steel Corporation started the construction of a new steel plant in the city of Silao, in the Mexican State of Guanajuato, in which they will invest approximately U.S.$270 million by the second half of 2019. The plant will have the capacity to produce 400 thousand tons of steel sheets per year.
Industrias Bachoco, S.A. de C.V., a Mexico-based poultry producer, announced the acquisition of two companies for approximately U.S.$163 million. The target companies are U.S.-based Albertville Quality Foods, and La Perla, a Mexican pet food company.
The Mexican National Hydrocarbons Commission (CNH) held the second and the third phases of the second round of Mexico’s oil bidding process, and exceeded last month’s feat when the first phase was held.