Business
Grupo Bimbo to invest $800 million in 2018




Mexico (Notimex) – Mexican baking giant Grupo Bimbo Will invest more than $850 million this year in manufacturing, distribution, innovation and systems across the 32 countries where it operates.

One of the goals for the investments is to continue growing in the markets where Bimbo is present, said Finance Director Diego Gaxiola.

The $500-million bond the company issued last week also contributes to Bimbo’s investment grade, and is in line with its financial strategy, Gaxiola added.

“It will help us speed up the process of deleveraging,” he said.

In 2017, Grupo Bimbo’s sales grew 6.1 percent from the pervious year, driven by organic growth in Mexico and acquisitions including East Balt Bakeries, Ready Roti and Donuts Iberia.

 

Photo: Plácido Melendez/Notimex

NTX/RNN/JKM/ISG/DBV/global15/BUSINESS