Thursday, 20 June 2024 10:53:48 (GMT+3) | San DiegoA union of business associations that contribute 80 percent of Mexico's GDP, received the elected president of the Republic at their monthly meeting and committed investments of more than $42 billion in the coming years, according to local press reports. “Femsa will invest more than $9.0 billion, TransCanada $4.5 billion, México Pacific more than $15.0 billion and other investments for more than $42.0 billion,” said Francisco Cervantes Díaz, president of the Business Coordinating Council (CCE), according to Forbes magazine. The CCE is a union of organizations that brings together industrialists through Concamin, merchants through Concanaco, employers with Coparmex, insurance companies with AMIS, bankers with ABM, more merchants with Canaco, stock exchange institutions (AMIB), department stores through ANTAD, exporters and importers through Comce, among othersCervantes also mentioned the investment by the Italian-Argentinian steel company Ternium as “very important” for $1.5 billion. A point to highlight is that according to the SteelOrbis count, published last February, Ternium's investment program in Mexico for the period 2023-2025 is $6.8 billion.

Source: Forbes June 20, 2024 07:55 UTC