Mexico has transformed itself. A generation ago it defended its borders ferociously against yanqui imports. Today, thanks partly to the North American Free-Trade Agreement, it is one of the most open large economies in the world.
Grupo Bimbo SAB, the world’s largest breadmaker, doesn’t plan any major acquisitions until 2014 as the company seeks to first obtain cost savings from its latest purchases, Chief Executive Officer Daniel Servitje said.
The Mexican multinational Bimbo, dedicated to baked goods, yesterday made official its landing in Córdoba, where in 60 days will start up its sixth plant in Argentina, with an outlay of 30 million dollars.
Grupo Bimbo formalized three operations that will point its integration into different areas on two continents, expanding the company’s global vision and consolidating its leadership in the world bakery industry.