BARCLAYS RAISES TARGET PRICE FOR GRUMA BY 16% (EL FINANCIERO 30)

Brokerage firm Barclays has raised its price target for Gruma from MXN 129 to MXN 150 per share following strong first-quarter results from the global leader in corn flour and tortilla production.

CYDSA, AUTLÁN AND GRUMA PERFORM BEST (EL HORIZONTE ONLINE 0)

Monterrey’s best-performing companies during the first seven months of the year were Cydsa, Autlán and Gruma, according to the Regio Index reported by Monex bank…

GRUMA CONTINUES SURPRISING THE MARKETS (EL ECONOMISTA pp-1-8-9)

“Let’s grow now and the results will come,” Roberto González Barrera, the boss of Gruma, used to say, recalls Raúl Cavazos, the company’s CFO. It appears results are proving that phrase right. As of August 25^th, 2012 to date, the company’s share price on the Mexican Stock Exchange has risen more than 300% and its capitalization value increased from US $1.56 billion to US $4.87 billion. Analysts still recommend buying the company’s stock. Raúl Cavazos, the company’s CFO since 2012, explains this progress. “We get the greatest possible use from our plants, we expand our operations, and we are growing and are now consolidating in some markets. In others, such as Shanghai, Russia, Asia and Oceania, our production lines are growing...

THE NEW CORN GOD (AMÉRICAECONOMÍA 3-26-28)

Much has changed regarding corn in Mexico, for better and for worse since the implementation of NAFTA 20 years ago. One of the beneficiaries has been Gruma, a company founded 65 years ago in San Pedro Garza García in Monterrey that has been able to transform itself and leverage the fall in corn prices and the explosive growth in tortilla consumption... Gruma has become a truly multinational company. In 2013 it had the highest-yielding shares on the Mexican Stock Exchange with an increase of 152.6%, despite the stock market depreciating by 2.2% over the same period, and this year the trend is continuing with its shares increasing by 53.6% over the first quarter...

EDITORIAL AMÉRICA ECONOMÍA/MR. ROLLS (AMÉRICAECONOMÍA 6)…

In this edition, our reporter in Mexico, Camilo Olarte, tells us about the extraordinary rise of Gruma, a company from Monterrey that, within just a few years, has leveraged the fall in corn and flour prices to become the global leader in tortilla production and undisputed king of the Mexican Stock Exchange...

HINTS AND TRENDS (EL ECONOMISTA 7) GRUMA.

Since August 25^th, 2012 to date, the company’s share price on the Mexican Stock Exchange has risen more than 300% and its capitalization value has increased from US $1.56 billion to US $4.87 billion...

CARLOS HANK GONZÁLEZ (LÍDERES MEXICANOS 1-52-58)

“An exciting life” is how Carlos Hank González describes his days, as he recounts how he was taught family values during his childhood. “We have always been a very close-knit family and my two grandfathers, who were at the head of it, always placed a special priority on family, especially my Grandfather Carlos. He always called us together, and family reunions were like parties to us... My paternal grandfather was Carlos Hank González, a politician and businessman who defined an era in the country’s history. On my mother’s side was my grandfather Roberto González Barrera, the founder of Gruma and a bank manager. They were both great individuals... When I have to take a decision that relates to his legacy, I miss him more than ever,” Carlos says about Roberto González Barrera, his maternal grandfather. He fondly remembers when they worked together at Banorte, when he was Deputy Chief Executive. With a quieter and more deliberate tone, Carlos talks about how he was closer to Roberto González during the last few days of his life. “I went to see him with my sister and we didn’t speak a word about work, just about life. That’s one of my most beautiful memories.” When he passed away, Carlos was handed a job he hadn’t thought about before. “I wasn’t expecting it and I wasn’t looking for it. I had my own affairs and family, my Uncle Juan González Moreno invited me to join the group as Vice President of Gruma in an intense process that was just beginning...”

MIXED PROGRESS FOR MEXICAN ADRs (EL NORTE 0)

Gruma shares in Germany are at the top of the table of American Depositary Receipt (ADR) profits of Mexico abroad.