No.1 Grains Industry Magazine & Website for Africa & the Middle East
MEXICO – Grupo Bimbo, the Mexico-based bakery giant, plans to spend up to US$2bn on capital investment in 2023 in part to meet the demand for its products, Diego Gaxiola, the company’s CFO has said. The investment is up by 67% from the US$1.2b spent on capital expenditure in capex in 2022, according to the CFO. Gaxiola’s comments came as…
Read More
CANADA – Grupo Bimbo, has appointed Marie-Eve Royer to succeed Joseph McCarthy as the new president of its Canadian business unit. McCarthy transitions to a newly created role at Bimbo Bakeries USA after five years of leading Bimbo Canada. “Marie-Eve is a visionary leader with an outstanding track record leading large, complex projects through periods of change and transformation,” said Mark…
Read More
INDIA – The world’s largest baked foods company Grupo Bimbo, has donated 35,000 loaves of bread (equivalent to five lakh slices) to the India Food Banking Network (IFBN). The donation is part of the India chapter of its Bimbo Global Race initiative to eliminate world hunger, one of the United Nations’ Sustainable Development Goals (SDGs). The race was organized into…
Read More
MEXICO-Mexican bakery giant, Grupo Bimbo, has acquired Romanian bread maker Vel Pitar from New York-based private-equity fund CHL capital. Vel Pitar was formed in 2001 through the merger of four NCH-owned companies with operations in bakery, milling, and retail. The milling operations were placed under Sapte Spice company, which will remain in NCH’s portfolio as they were not part of…
Read More