Content about Mexico

December 5, 2014

Cemex has resumed work at its Tepeaca cement plant in Mexico, where work had already begun on an expansion.

“We are encouraged by our industry’s positive outlook in Mexico," said Cemex chairman Rogelio Zambrano. "With this investment, Cemex reaffirms its confidence in the country’s future. We are proud to contribute to our country’s development.”

November 11, 2014

PPG Industries announced that Marcos Achar Levy, previously chief executive officer of Comex, has been appointed vice president, architectural coatings, Mexico, and CEO, PPG – Comex. He will report to Michael McGarry, PPG chief operating officer. 

PPG previously announced it had completed its acquisition of Comex.

November 11, 2014

Southern Fastening Systems and Carlson Systems announced a plan to join forces, creating a new force in fasteners, fastening systems and packaging with 136 branches.

For now, both companies will continue to operate independently, under their own banners, with no immediate plans to change how each business is run. The combination joins Carlson Systems' 60 branches and Southern Fastening Systems' 76 branches, operating in 34 states and Mexico.

November 3, 2014

The final piece of the puzzle has fallen into place for PPG Industries in its acquisition of Mexican architectural and industrial coatings company Consorcio Comex, S.A. de C.V. ("Comex").

Mexico's Federal Economic Competition Commission has approved the deal following PPG's June 30 announcement that it had agreed to take on the company for $2.3 billion.

September 8, 2014

The Home Depot’s latest update confirms what many had suspected – the data systems of the world’s largest home improvement retailer have been breached.

The impact and scope of the breach remains unclear, but the retailer said the breach “could potentially impact customers using payment cards at its U.S. and Canadian stores.”

The Atlanta-based company reiterated that no customers will be liable for fraudulent charges. Customers will also be offered free ID protection, including credit-monitoring services.

June 30, 2014

PPG Industries has picked up where Sherwin-Williams left off.

The Pittsburgh-based paint and coatings giant PPG agreed to acquire Consorcio Comex, an architectural and industrial coatings company with headquarters in Mexico City, Mexico.

The transaction is valued at $2.3 billion.

June 10, 2014

Roxul, a manufacturer of stone wool insulation products, officially began production in Marshall County, Mississippi, at its first manufacturing facility located in the United States.

The $160 million plant encompasses 600,000 square feet and is located on a 100 acre site in the Chickasaw Trail Industrial Park, approximately 30 miles south of Memphis.  This location will help Roxul maintain its growth in key insulation markets such as residential, commercial building, flat roof, and industrial applications, in the mid and southern USA and Mexico.  

April 10, 2014

Orlando, Fla. -- Here at the 2014 Home Improvement Research Institute (HIRI) Spring Conference, Sarah Catlett, VP of The Futures Company, took a high-level, continental look at consumer marketing.

Catlett kicked off the HIRI conference with a quick look at Target's disappointing venture into Canada. The Minnesota-based retailer's efforts to change the way Canadians shop has fallen short, she said, partly because the company missed consumer and cultural cues. 

March 17, 2014

The Home Improvement Research Institute’s 2014 Spring Conference, slated for Orlando April 10, will include a full slate of research-oriented presentations. 

Among them will be a presentation from The Futures Company’s Sarah Catlett, VP and HIRI account director, and Christina Hioros, VP and associate head of Global Monitor. Their topic: Not just another United States: Distinguishing consumer attitudes in Canada, Mexico and the United States.

March 14, 2014

Jacuzzi has chosen Eco Building Products, Inc. as its manufacturing partner for the production and export of Jacuzzi skirt structures to Mexico.

January 20, 2014

A price index of lumber and panels used in actual construction for Jan. 17, 2014

January 13, 2014

Rent-A-Center opened its newest location in Saginaw, Texas, located at 522 S. Saginaw Blvd.

Based in Plano, Texas, Rent-A-Center operates 275 locations in the state of Texas. The chain has more than 3,000 stores in the United States, Puerto Rico, Canada and Mexico.

As part of its opening ceremony, the store contributed $1,000 to Community Link Mission during today’s grand-opening ceremony.

December 23, 2013

In a move that's sure to be seen as a boon for American manufacturing, Whirlpool Corporation has announced its plans to move the production of its commercial front-load washing machines from Monterrey, Mexico to Clyde, Ohio, with production officially beginning in April 2014.

November 4, 2013

Cemex has recognized the winners of this year's Cemex Building Awards, choosing from amongst 545 domestic buildings and 185 constructed in Colombia, Costa Rica, Croatia, Guatemala, Spain, Mexico, Nicaragua, Panama, Poland, Puerto Rico and the Dominican Republic.

The winners were selected by a jury of 17 specialists from seven countries, using a number of criteria related to conceptual, technical and aesthetic qualities.

July 25, 2013

The California Association of Realtors (CAR) has released its 2013 Investor Survey, which highlights the prominent role of investors in steering California's housing recovery over the past four years, many of which (27%) were foreign investors from countries like China, India and Mexico.

"Low mortgage rates, attractive home prices, and low yields on alternative assets have fueled demand for investment properties, particularly where distressed homes have dominated sales," according to the company.

June 17, 2013

Lifetime Brands has appointed Daniel Siegel as president. Since joining the company in 1992, Siegel has held various positions, including senior VP sales and executive VP. He also serves on the boards of directors of Grupo Vasconia S.A.B., Lifetime’s 30%-owned partner company in Mexico, and GS Internacional S/A, the company’s 40%-owned partner company in Brazil.

May 8, 2013

The organizers of the National Hardware Show acquired the Expo Nacional Ferretera, an annual hardware event in Guadalajara.

Reed Exhibitions, the company that organizes the National Hardware Show, acquired Expo Nacional Ferretera, an annual event in Guadalajara, Mexico, serving the hardware, construction and electrical markets.

Expo Nacional Ferretera, described as the largest event in Mexico and Latin America, brings with it more than 1,300 exhibiting companies occupying 50,000 square meters and 80,000 buyers from 30 countries who attend the annual event in Guadalajara.

Terms of the deal were not disclosed.

March 8, 2013

Lowe’s named José Luis Pier Castelló as president/general director of Lowe’s Mexico, effective March 15. He replaces Francisco Fernandez, who has left the company.

Lowe’s named José Luis Pier Castelló as president/general director of Lowe’s Mexico, effective March 15. He replaces Francisco Fernandez, who has left the company.

Pier Castelló will report to William D. (Doug) Robinson, head of international operations and development.

December 19, 2012

Home Depot will invest $157 million (MXN $2 billion) to enlarge its presence in Mexico in 2013, according to a news report in Economista. Part of the funds will be used to buy land for new stores, which will total 100 by the end of 2012.

Home Depot Mexico chairman Ricardo Saldivar told Economista that the Atlanta-based retailer hopes to double its current number of units in the future, which sets its goal at 200 stores.

November 12, 2012

Cleveland-based Sherwin-Williams Co. agreed to acquire Consorcio Comex, S.A. de C.V., a leader in the paint and coatings market in Mexico with headquarters in Mexico City. 

Comex sells architectural and industrial coatings in Mexico through 3,300 units operated by 750 concessionaires. Sherwin-Williams will pay approximately $2.34 billion, including assumed debt, in an all-cash transaction, the company announced Monday morning.

November 9, 2012

Home Depot has opened its 100th location in Mexico, according to an article in El Financiero. The Atlanta-based retailer now operates 95 stores in 60 cities in Mexico, where it generates annual revenues of $1 billion, the newspaper said.

In the final quarter of 2012, Home Depot will open stores in the towns of Coahuila, Sonora, Veracruz, Michoacán and Nuevo León.

October 2, 2012

Home Depot executives, in two published interviews, discussed the Atlanta retailer’s views on expansion south of the U.S. border and beyond.

Ricardo Saldivar, chairman Home Depot Mexico, told El Financiero that the Mexican division expects to end this year with 100 stores in 58 cities. Currently there are 94 stores in Mexico. More than nine out of 10 Home Depot store openings take place in Mexico, Saldivar said.

June 28, 2012

Lowe’s has signed an agreement with Microsoft Corp. to implement Microsoft Office 365 across more than 1,745 stores, 200,000 employees and its corporate offices in the United States, Canada and Mexico.

Office 365 will help the home improvement retailer improve customer service by providing collaboration tools to increase communication among its stores and employees. The technology will be available for Lowe's employees soon and will help customers tap into the collective expertise of Lowe’s work force.

April 25, 2012

In a victory for foreign-based manufacturers, the U.S. International Trade Commission has ruled that LG Electronics and its affiliates were not guilty of “dumping” certain refrigerator models on the U.S. market. The 5-0 vote ended a year-old investigation initiated by Whirlpool, which claimed that bottom-mount refrigerators made in Mexico and Korea were sold in the United States at below market value.

March 2, 2012

In a preliminary finding, the U.S. International Trade Commission (ITC) has sided with Whirlpool in its anti-dumping petition against Samsung Electronics and LG Electronics. The Benton Harbor, Mich., manufacturer claims it is being harmed by Samsung and LG, which are selling washers made in South Korea and Mexico at below fair value.