November 1

EARNINGS SHOOT UP IN THE THIRD QUARTER. (EXCELSIOR 1-3) (Story with a pass to the front page in the Money Section)

The profits of the top 30 companies in Mexico shot up 126.2% between July and September of this year, to MXN 90.527 billion, compared to the MXN 40.17 billion reported in the same period in 2020. The list of companies reporting surprising results includes Alpha. Alsea. ASUR. Cuervo, Elektra, Femsa. Gruma, Orbia and Vesta. For Banorte, the data presented by Mexican companies in previous days show that the economic recovery is still underway, albeit at a slower pace. “Third quarter figures confirmed a solid growth trend, although at a slower pace, with more normalized comparison bases.”

November 6

GRUMA IS RECOGNIZED FOR ITS LABOR INCLUSION OF PEOPLE WITH DISABILITIES. (SDP NOTICIAS.COM ONLINE 0)

The Mexican company Gruma that produces Maseca received the Éntrale 2021 award for its inclusion of people with disabilities in the workplace. Gruma was recognized by the Éntrale Alliance, an initiative promoted by the Mexican Business Council to promote the labor inclusion of people with disabilities in Mexico. The civil association Alianza Éntrale was created to connect people with disabilities with the business sector and facilitate their hiring, retention, and development in the labor market. Gruma received an award from the Éntrale Alliance in recognition of its commitment to its employees, as it consistently works on projects to promote the inclusion of people with disabilities.

November 9

WE, CHAPINES, MAKE THE CHANGE. (JOURNAL OF CENTRAL AMERICA ONLINE (GUATEMALA) 0)

We, Chapines (Guatemaltecans), Make the Change is a project led by the Ducal, Kellogg’s^®, Pozuelo and Maseca food brands working together to provide food for families in need as a result of the COVID-19 pandemic. World Vision serves these families in need. In order to drive donations, the companies will offer discounts on participating products and match the amount collected in the La Torre supermarkets. “We want all Guatemalans to be that engine that drives change,” said FIFCO Country Manager Gustavo Cornejo.

CITIBANAMEX UPGRADES ITS RECOMMENDATION TO AN OW RATING FOR SHARES IN MEXICO. (ONLINE COMMON SENSE 0)

Citibanamex analysts recommended overweighting (OW) the Mexican capital market against other emerging markets. Citibanamex listed Alfa, Bajío, Banorte, Cemex, Femsa, Gruma, Kimber, Nemak, Orbia and Vesta as its top picks in the stock market, eliminating Arca, Grupo Aeroportuario del Pacífico (GAP) and Prologis from the list.

November 12

WALMEX TO PAY OUT THE MOST ATTRACTIVE DIVIDENDS AMONG COMPANIES LISTED ON THE MEXICAN STOCK EXCHANGE (BMV). (THE CEO ONLINE 0)

Corn and flour tortilla producer Gruma reported a 0.53% yield in dividends. The issuer is the last one to pay out dividends on two different dates, January 7 and April 8, 2022. Some companies listed on the BMV have already paid dividends to investors, such as Grupo Aeroportuario del Pacífico (GAP), Grupo Aeroportuario del Sureste (ASUR), Fomento Económico Mexicano (Femsa) and Coca-Cola Femsa.

November 15

GRUMA STOCK, AMONG CITIBANAMEX’S TOP PICKS. (ONLINE MILLENNIUM)

According to the financial group’s Latam Radar Screen model, Mexican company Gruma shares listed on the Mexican Stock Exchange (BMV) are some of Citibanamex analysts’ favorites, consistent with the outstanding sales and profits the company reported not only during 2020, with the COVID-19 pandemic outbreak when a large number of companies faced a drop in sales and the price of their shares but also because of its strong performance during 2021 and the positive forecasts about the issuer in the coming months. In this regard, it should be noted that Gruma reported MXN 1.478 billion in profits at the end of Q321, driven by its growth in sales, especially in the United States and Europe. The company, reporting close to 70% of its revenues in U.S. dollars, also benefits from the exchange rate.

November 18

WOUNDS OF THE EARTH MUSEUM SAMPLE. (EL NORTE ONLINE (NUEVO LEÓN) 0) (REFORMA ONLINE 0) (MURAL ONLINE (JALISCO) 0)

Without Borders: After- Gruma sponsored the acquisition of its technology, “Planet Earth” opened in Horno3 in 2014, on World Environment Day. Currently, as the Museum reopens its doors to visitors, it invites them to take advantage of this attraction to get an idea of the planet’s wealth and the problems it is facing. The Horno3 SOS hangs from three steel cables over a deep brick conical tank used to collect air pollution for reuse in the old Fundidora Steel Mill.

November 21

WE ARE ALL RESPONSIBLE FOR PUTTING AN END TO THE MYTH THAT TORTILLAS ARE FATTENING: NUTRITIONISTS. (SDP NOTICIAS.COM ONLINE 0) (THE WORLD NEWS ONLINE 0) (NOTICIAS DE MÉXICO ONLINE 0) (EXCÉLSIOR ONLINE 0) (MÁS LATINA 96.5 FM ONLINE (VERACRUZ) 0) (HEAD TOPICS ONLINE 0) (MSN ONLINE 0) (SURESTE INFORMA ONLINE (YUCATÁN) 0)

Ending the myth that tortillas are fattening is everyone's responsibility, said Yaiza Bejos Vázquez, who holds a degree in Nutrition and Food Sciences.“Ending this myth should be everyone’s responsibility since it is not only an important part of our culture and an international benchmark of our identity as Mexicans but also a nutritionally complete food that helps people stay healthy.”The person responsible for Nutritional Orientation at the La Salle University campus in Mexico City said that corn tortillas are a point of reference to Mexican culture.Since pre-Hispanic times, with the preparation of nixtamalized dough or the current version of nixtamalized corn flour such as Minsa or Maseca, corn tortillas have been a key part of the Mexican diet. They contain carbohydrates and other nutrients for the human body, such as vitamin B3 and high fiber and iron nutrients, like those in meat.

November 25

SDAYR AND MASECA WORK TOGETHER TO SECURE CORN SUPPLIES FOR GUANAJUATO(paginacentral.com.mx)

The Secretariat of Agrifood and Rural Development (SDAyR) of Guanajuato is working on an agreement withMaseca to ensure that there is no shortage of corn in the state, confirmed Paulo Bañuelos Rosales, the head of the agency, seeking to ensure the production of close to 400,000 tons of corn.“We must look for strategies to keep from spending so much money. We must look to ensure a lower price at a given moment. Corn currently costs USD 13, so we will pay around USD 5, and Maseca will pay the rest,” he said.

November 29

500 COMPANIES AGAINST CORRUPTION. (EXPANSIÓN 3-97-102)

Expansión Magazine’s ranking of “The 500 Companies Against Corruption” evaluates and recognizes the firms that work to care for and strengthen their corporate integrity. Gruma is ranked 108 on the list.

PEMEX DROPPED FROM THE 10 BIGGEST OIL COMPANIES WORLDWIDE (PUNTO POR PUNTO DIGITAL ONLINE )

During the current federal administration, the Pemex brand lost 38.4% of its value in the international energy market and was dropped from the list of the 10 Biggest Oil Companies Worldwide. According to the Mexico 50 2021 Report published by Brand Finance, the world’s leading independent brand valuation consulting firm specializing in intangible assets, Peñafiel, had a spectacular increase of 42.1%, as it was bumped up 14 positions in the ranking to 31^st place. Sigma Alimentos also increased its value considerably (41.4%), ranked 23 in the list, 11 places higher than its ranking in 2020. This year, the new entries on the list are Maseca and Banco Compartamos, ranked 48 and 50, respectively.