Global Franchise Group (GFG) recently announced the opening of Marble Slab Creamery, an ice cream store, in the Gran Sur Mall in Mexico City. Read More »

Amendments in federal regulations announced Tuesday by the U.S. Department of Commerce's Bureau of Industry and Security and U.S. Department of the Treasury's Office of Foreign Assets Control are expected to make it easier for air service, exports and travel to Cuba. The changes in the Cuban Assets Control Regulations and the Export Administration Regulations went into effect Wednesday.  Read More »

International law firm Milbank, Tweed, Hadley & McCloy LLP, which operates an office in Sao Paulo, Brazil, was chosen recently to advise Seaborn Networks on financing for a $500 million project to install a submarine communications cable to link New York and Sao Paulo. Equity financing for the project, Seabras-1, is being provided by private markets investment manager Partners Group.  Read More »

Cal-Comp, the electronics manufacturing services company within the New Kinpo Group, recently revealed that it will increase its presence in South America through the addition of a new factory and new production line. Read More »

Merck is launching Vivera, a new consumer health brand for gastrointestinal upset, in Latin American countries starting with Chile. Vivera is available in a ready-to-use powder sachet and was created with one of the world's most researched and effective probiotics for treating gastrointestinal issues. The product will first be launched in Chile. Read More »

Full-service law firm Thompson & Knight recently welcomed back a father and son attorney team to its Monterrey-based corporate and securities practice group. Alejandro F. Sanchez Mujica will become the firm's senior counsel, while his son Alejandro A. Sanchez-Mujica A. will serve as counsel. Both are licensed to practice law in Mexico and are fluent in English and Spanish. Read More »

Mexican steelmaker TYASA recently began construction on a new steel facility near Orizaba, Veracruz, that will capable of churning out 500,000 tons of sheet steel on behalf of Castrip, a joint venture of Nucor Corporation, BlueScope Steel of Australia and IHI Corporation. The finished materials will be produced largely to supply the local construction and manufacturing markets. Read More »

Tower International Inc., a Livoia, Michigan-based company that designs and produces metal components and assemblies used by automotive vehicle manufacturers, divested itself of one of its operations in Brazil and two China-based joint ventures in the last quarter of 2015.Tower International said the sales netted a profit of approximately $118 million. Read More »

CKE Restaurants Holdings Inc. recently opened its 200th Carl's Jr. franchise in Mexico. CKE said it is now moving toward opening its 300th Carl's Jr. in Mexico by 2019. “Mexico is a vibrant food service market and our brand has a strong track record of success across the country thanks to a solid base of outstanding franchisees," CKE International Division President Ned Lyerly said. Read More »

Analyst and consultancy firm Frost & Sullivan recently honored Verint Systems with the 2015 Latin American Contact Center Systems Product Leadership Award. The award is given to companies that have demonstrated high standards in product innovation and have experienced significant growth in the face of intense competition and increased customer demand. Read More »

The second phase of the Madero Clean Diesel project at the Madero Refinery in Tamaulipas, Mexico is about to begin. Read More »

First Cash Financial Services said last week it is acquiring 211 pawn stores in Latin America from a private Mexico-based company. First Cash, based in Arlington, Texas, which operates pawn stores across Mexico, will be adding 166 stores in Mexico and 45 stores in Guatemala and El Salvador, which are new markets for the company. The new stores are being acquired for $45 million. Read More »

2015 was a year of renewed interests between the United States and Cuba. One of the landmark achievements was the renewed civil aviation agreement between the two countries that have had a challenging relationship over the past few decades. Read More »

Air Liquide, one of Coca-Cola’s largest bottlers, will be expanding its business into the Latin American market.It will build a new cogeneration and carbon dioxide unit, in order to help meet the demand of Coca-Cola in Latin America. Read More »

StarTV has launched a new direct-to-home pay-TV service for Mexico. The new service was launched in late December of 2015. The platform replaces the previous TVZac platform. Read More »

The Schaeffler Group, an automotive industry company, recently celebrated its 40th anniversary and expansion of operations in the Mexican city of Puebla. Read More »

Brazil's Companhia Siderurgica Nacional (CSN) recently selected IBM Power Systems to run its SAP HANA in-memory analytics applications. CSN is mainly known as an exporter of iron ore in South America. They also develop high value steel, as well as offer cement, mining, energy and logistics products that are used in the construction and automotive industries.  Read More »

Goldcorp Inc. recently decommissioned its El Sauzal mine in Mexico following the International Cyanide Management Code (ICMC). The mine will now be withdrawn from the ICMC, a voluntary program developed by the United Nations Environment Program for the production of gold using cyanide. El Sauzal was the first mine in Mexico to be fully certified by the ICMC. Read More »

Swedish lock manufacturer ASSA ABLOY has signed agreements to purchase Brazil lock company Papaiz, and Brazil sliding door and window hardware maker Udinese. Papaiz and Udinese represent two major acquisitions in the Brazilian market, ASSA ABLOY President and CEO Johan Molin said. Read More »

New start-ups, developments and port upgrades were among the most frequently viewed stories for the year from Latin Business Daily. Read More »