July 3

THEY RECOMMEND A BALANCED DIET FOR CHILDREN BY INCLUDING CORN TORTILLAS. (EL MEXICANO ONLINE (SONORA)) (NDM NOTICIAS DE MORELOS ONLINE) (ÁGUILA SOBRE NOPAL ONLINE) (EXCÉLSIOR ONLINE)

Araceli Martínez Coronado, a nutritionist certified by the Mexican Association of Nutritionists, said that in general during the vacation period, children tend to gain up to four kilos, an increase that can be avoided by eating a balanced diet supported by foods rich in fiber and vitamins, such as corn tortillas. Tortillas made with nixtamalized corn flour, such as Maseca,Minsa, and other brands in the Mexican market, are fortified with folic acid, vitamins B1 and B2, zinc, calcium, and iron, which help prevent anemia and strengthen children’s immune systems.

July 11

THEY ASSURE THAT CORN TORTILLAS ARE A GREAT FOOD OPTION FOR ATHLETES Milenio.com Record.com

Corn tortillas are one of the food products known for its urban myths, including the false myth that says that corn tortillas are fattening. What is true and perhaps known by a few is that tortillas made with traditional corn dough or nixtamalized corn flour are excellent food products that all athletes must consume. José Luis de la Torre Hernández, sports doctor at the Tecnológico de Monterrey who served as a member of the Olympic Committee from 2018 to 2022, noted that nutrition is vital to sports to ensure that people, regardless of the discipline they practice, obtain the nutrients required to produce energy, carbohydrates, lipids, proteins, micronutrients, vitamins and minerals. “Tortillas have many nutritional properties, especially when made with nixtamalized corn flour such as Maseca, Cargill, or Minsa, to mention a few, which are fortified with vitamins and minerals to help athletes obtain the desired performance,” said the doctor.

July 13

THE BEST CFO’S IN MEXICO. (FORBES MÉXICO ONLINE)

Finance managers have accepted that their mission is to keep the ship afloat, and the fact is that the COVID-19 pandemic became a storm for many companies, and the adverse winds are still blowing. In May 2022, the National Consumer Price Index (NCPI) was up 0.18%, month-over-month. According to this result, annual general inflation stood at 7.65%, which accelerated when compared to the 5.89% registered in the same period of 2021, according to the National Institute of Statistics and Geography (INEGI). Faced with this scenario, the world’s fate seems to be heading towards learning to live with uncertainty and the volatility of the environment since it is impossible to predict the behavior of the market, while technological changes and innovation challenge business models. The only certainty today is that the future is uncertain, and companies will continue to row against the current to stay afloat.Gruma CFO Raúl Cavazos Morales ranked nine among the Best CFOs in Mexico. 

July 15

MONTERREY COMPANIES WITH THE STRONGEST INTERNATIONAL PRESENCE. (SINGULAR DIGITAL MX ONLINE)

Large companies established in Monterrey have managed to cross borders and have a presence in various regions across the globe, such as Europe and Asia. [Gruma] is one of the main producers of corn flour and tortillas. It has 18 plants in Mexico and 20 in the United States, with brands such as Maseca,Mission, Guerrero, and Calidad. It has six plants in Europe, two in the United Kingdom, and two in Spain and Russia producing tortillas, fried foods, and different types of flatbreads. It also has three corn milling plants in Italy, Ukraine, and Turkey. In Central America, it has ten plants located in the region that supply Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, and Ecuador. Its Asia-Oceania division produces and distributes wheat flour, corn flour tortillas, corn chips, and other breads. It has plants in China, Malaysia, and Australia. 

July 18

DESPITE DELAYED RAINFALL, CORN PRODUCTION CONTINUES. (ZONA FRANCA ONLINE (GUANAJUATO)

By 2022, the Secretariat of Agri-Food and Rural Development contemplates production of up to 1.8 million tons of corn, according to the report provided by its Secretary, Paulo Bañuelos Rosales. Paulo Bañuelos indicated that in Guanajuato, the collection centers have also been certified in handling good sanitary measures to guarantee quality grains, which are in high demand by Maseca. He noted the agreements entered into with Maseca and Grupo Modelo to purchase up to 500,000 tons of corn from Guanajuato producers during the harvest season. 

July 21

GRUMA KEEPS ITS EBITDA STABLE. (EL NORTE 11) (REFORMA 6) (EXCÉLSIOR 1-2) (EL HERALDO DE MÉXICO 19) (24 HORAS 17) (EL ECONOMISTA 20) (EL FINANCIERO 20)

Stronger sales helped Grupo Maseca (Gruma) maintain its cash flows (EBITDA) stable at USD 186.6 million during Q2 2022, to offset the impact on the costs of raw materials and other effects in markets such as China. Compared to the same period in 2021, the largest producer of corn tortillas in the world reported a 19% increase in sales totaling USD 1.337.4 billion in all its territories. These revenues were driven primarily by the United States, Mexico, and Europe, with 20%, 16%, and 33% growth rates, respectively.

GRUMA CONTINUES TO CONSOLIDATE ITS POSITION IN THE UNITED STATES AND EUROPE.(EL NORTE) (REFORMA 5)

The demand for tortillas and corn flour continues to gain popularity globally, primarily in the United States and Europe, boosting Gruma’s sales volume by 2% with a 19% increase in net sales at the end of Q2 2022, compared to the year-ago period. The company’s EBITDA in Q2 2022 remained stable compared to the same period in 2021, at USD 186.6 million. In the United States, sales volumes were up 5%, thanks to the demand for corn and wheat tortillas and the continuous and stable growth of its healthy product line “Better for you.”

CORPORATE ECONOMIC BLOCK(ENFOQUE FINANCIERO)

Mara Rivera: Demand for flour, corn, and tortillas continues to gain followers globally, especially in Europe and the United States. Gruma reported a 2% increase in sales volume with 19% growth in net sales at the end of Q2 2022 from the year-ago quarter. The company’s EBITDA in 2022 remained stable compared to the same period in 2021, with USD 186.6 million.

GRUMA REPORTS 19% INCREASE IN SALES IN THE SECOND QUARTER(NEGOCIOS EN IMAGEN)

Rogelio Varela:Gruma informs the stock market of its 19% growth in sales in the second quarter while providing details about the significant improvement in its profitability and in operations outside of Mexico that represent 75% of its revenues.Gruma is a Mexican company that has become global.

GRUMA ANNOUNCES ITS FINANCIAL RESULTS(MILENIO NOTICIAS TV (18:00 A 22:00)

Magda González: Gruma today announced its financial results for Q2 2022, noting that it has maintained its strong foundations in all of its subsidiaries, reporting constant growth in volumes with a focus on continuing to expand its global tortilla production plans and increase its cost-effectiveness. It also noted that the demand for corn flour tortillas continues to earn the preference of palates across the globe, primarily in the United States and Europe, which also boosted growth for Gruma with its 2% growth in sales volume and 19% increase in net sales at the end of Q2 2022, over the year-ago quarter, with USD 1.337.4 billion in sales.

GRUMA GROWS 19% DESPITE HIGH INFLATION.(IMAGEN NOTICIAS TV CON FRANCISCO ZEA)

Francisco Zea, radio host: Corn flour and tortilla producer Gruma  reported a 19% growth in revenues in Q2 2022, despite facing challenges such as high inflation rates. The company’s most recent report indicates that production volumes continued to grow in its different channels, driven by solid consumer demand. Net sales amounted to USD 1.337 billion. Gruma sales outside of Mexico represented 75% of the total. The company’s revenues in the United States were up 20 points, and 33% in Europe

FINANCIAL INDICATORS(NUESTRA MAÑANA EN EL HERALDO TV)

Israel Morales, reporter: Yesterday, the issuers with the highest gains in the stock market included Gruma with 4.60%, BBVA with 4.20%, and Aeroméxico with 3.77%. The biggest losers were América Móvil, with 4.95%, and Banco Actinver, with its 3.03% drop.

July 22

GRUMA INVESTED USD 67 MILLION, PRIMARILY IN THE UNITED STATES AND AUSTRALIA. (FORTUNA Y PODER MARCO MARES ONLINE)

Gruma — Mexico’s largest producer of flour and corn tortillas—announced that it invested close to USD 67 million to expand its production capacities in the United States, Australia, and the company in general. The investment is driven by the trend driving the consumption of corn products in the U.S. market and the need to carry out maintenance work in its factories, as reported by the company in its Q2 2022 financial statement. “Notably, the demand for tortillas and corn flour continues to win the preference of palates across the globe, primarily in the United States and Europe, which boosted the growth of Gruma’s sales volume by 2% and net sales by 19% at the end of the second quarter over the year-ago quarter,” said the company reported in its report.

THE CORN FLOUR MANUFACTURER’S TAKE ON INFLATION (IMAGEN INFORMATIVA (NOCTURNO) (IMAGEN INFORMATIVA (VESPERTINO)

Eréndira Espinosa: Gruma revenues were up 19% in the second quarter of the year, despite challenges such as high inflation. According to the company’s financial report, volumes continue to grow consistently across its various channels, driven by strong consumer demand. The company continues to focus on expanding its tortilla production across the globe and increasing profitability while weathering the effects of inflation.

GRUMA ANNOUNCED ITS Q2 2022 RESULTS (MILENIO NOTICIAS TV (08:00 A 09:00)

Josué Becerra: Gruma announced its financial results for Q2 2022, noting that it has maintained its strong foundations in all of its subsidiaries, reporting constant growth in volumes with a focus on continuing to expand its global tortilla production plans and increase its cost-effectiveness. It also noted that the demand for corn flour tortillas continues to earn the preference of palates across the globe, primarily in the United States and Europe, which also boosted growth for Gruma with its 2% growth in sales volume and 19% increase in net sales at the end of Q2 2022, over the year-ago quarter, with USD 1.337.4 billion in sales.

July 25

ROGELIO VARELA / CORPORATE NEWS. (EL HERALDO DE MÉXICO 17) (EL HERALDO DE MÉXICO ONLINE)

I have told you that one of the companies that have made a strong commitment to international expansion is Gruma, a strategy that has paid off very well in the current situation. The company, chaired by Juan González,just informed the market that its production of tortillas and corn flour continues to grow internationally with an increase in profitability, despite the ups and downs experienced by the global economy. The demand for corn products continues to gain the preference of palates across the globe, primarily in the United States and Europe, which catapulted Gruma’s sales volume to a 2% growth rate through June, while its net sales jumped 19% at the end of Q2 2022 over the year-ago quarter. In the United States alone, sales volume was up 5% due to the steady increase in demand for corn and wheat tortillas and its Better for You line of healthy products. This is the most important market outside of Mexico forGruma,which in the quarter I am talking about, increased its sales by 20% to stand at USD 755.2 million...

J. JESÚS RANGEL M. / TUG OF WAR (MILENIO DIARIO 17) (MILENIO ONLINE)

The Room Next Door.Gruma president Juan González Moreno boasts remarkable success: Sales in the U.S. were up 20% in Q2, with 33% growth in Europe...

July 28

IMAGEN EMPRESARIAL (IMAGEN INFORMATIVA (MATUTINO)

Juan Carlos De Lassé, collaborator: These days, the ease of finding products is part of the treaty, which many people sometimes lose track of what it means. This means there is openness to products of different varieties of better quality. Mexican products are quality products. How have companies like Bimbo fared in the United States? How have companies like Maseca fared in the United States? Great! The impressive fact is that both Bimbo and Gruma’s main businesses are currently in the United States.

July 29

INVESTMENTS. CORN FLOUR - BBVA GIVES GRUMA A USD 150 MILLION LOAN. (MILENIO DIARIO 28) (MILENIO ONLINE) (LA RAZÓN 26)

Gruma, the world’s largest corn flour producer, obtained a line of credit from BBVA for USD 150 million for a five-year term for corporate purposes. The company will initially withdraw USD 45 million, leaving the commitment of USD 105 million in the bank. With this, the company now has access to USD 650 million.