THE CPI FELL 1.08 PERCENT IN THE THIRD QUARTER (EXCÉLSIOR 3)

The CPI fell 1.08 percent in the third quarter, to 40,185.23 units. The company reporting the highest yield during this period was Gruma with a 24.14 percent increase. This issuing company engaged in flour manufacturing had a positive outlook as the value of its shares went from 58.82 to 73.02, despite the fact that it marked on the first-year anniversary of the demise of its founder, Roberto González Barrera, thereby proving that the company has a solid foundation. The company has also successfully offset the end of its operations in Venezuela and is defensively positioned because even with the slower economy, tortilla consumption among Mexicans is essential. The second place goes to Alsea, whose earnings gained 18.87 percent in the last period... 

STOCK MARKETS EXTEND THEIR SALES WAVE (EL FINANCIERO 11-1) Stock prices fell for a second consecutive session, in the absence of signals on the budget crisis in the United States, ignoring the mixed economic data releases related to jobs and the service sector. The Mexican Stock Exchange’s main indicator reported a deficit for the second time after losing 1.11% to close at 40,841.13 points ...Some of the companies on the rise includedGfinbur,Gruma, Sanmex and Gap...

TRENDS AND SIGNALS (EL ECONOMISTA 7) GRUMA. The corn processor accrued a 107.2% return over the last 12 months for a $79.10 peso high and a $35.24 peso low.

ENRIQUE GALVÁN OCHOA/DINERO (MONEY) (LA JORNADA 6)Other than the fact that the government is among the 20 largest bondholders, we need to take into account the investments of big business. Just in 2012, the United States Embassy reported that its investments amounted to US $27.9 billion. According to data from the diplomatic agency, the leading companies with interests across the border include Grupo Elektra, Bimbo,Gruma, Sigma Alimentos, Grupo Herdez, Industrias Bachoco, Grupo Alfa, Mexichem and Cinépolis. Carlos Slim’s América Móvil should also be added to the list as the largest Mexican investor in the United States...

The Mexican Stock Exchange CPI (Consumer Price Index) fell 1.3%(En los tiempos de la radio)by Oscar Mario Beteta: the Consumer Price Index fell 1.3% to settle at 39,916 units. The shares that earned the most yesterday include Genomma Lab,Gruma, and Pinfra while Cemex and Alfa were the primary losers.

MEXICO’S 100 TOP ENTREPRENEURS (EXPANSION 242-263)

Juan González Moreno, Gruma (ranked # 20).Gruma lost 15% of its net sales and 14% of its total assets to get out of Venezuela; however, the company is experiencing one of its best moments as it has doubled its market value since December, going from $21 billion to $43.6 billion pesos, paying down its debt, improving its financial profile and growing its sales. This executive assumed the leadership position after the death of his father,Roberto González Barrera.Grumawas ranked as the company that achieved the best performance in the Mexican Stock Exchange between December 2012 and September 2013 with a 97% return while also improving its debt profile...

Carlos Hank González, Gruma, Grupo Financiero Interacciones and Grupo Hermes. Grupo Hermes recently won an international tender by which it will send six steam generators to the Sadara Chemical Company in Saudi Arabia, the largest petrochemical project in the world. This investment is valued at US $95 million. The Interacciones Financial Group announced that it is looking to grant $113 billion pesos in government loans, factoring and infrastructure for municipal, state and federal projects.Hank González has served as Gruma vice president since 2012.

MEXICO’S 100 TOP ENTREPRENEURS (EXPANSION 16-208-216)

On October 3^rd, 2012, the Mexican Business Coordination Council gave president-elect Enrique Peña Nieto the Agenda for Mexico, a document containing its vision, diagnosis and strategies for 23 topics. The entrepreneurs also participated in the National Development Plan and the design of programs and goals developed around five axis including education, safety, poverty alleviation, Mexico’s image abroad and economic growth. At the end of January the Mexican Stock Exchange reached its historical peak to exceed 45,000 points... Slim did not have a good year in the financial sector with Inbursa and the company’s value fell 13%. In contrast, the shares of companies likeGruma,Kimberly-Clark de Mexico, Compartamos, Bimbo and Alsea grew... Incoming entrepreneurs in 2013, Position/Business Person/Companies under their control –Juan A. González Moreno of Gruma ranked # 20.

IDENTITY SEAL (EXPANSION 289-291) Gruma.

The company owns MASECA, the brand ranked # 14 of the 40 most valuable brands of Mexico. The logo is the cover letter of a company. Intentionally or accidentally, logos evolve to transmit the values ​​of a brand. Those brand identities created decades ago at family gatherings or drawn on a napkin with colors to taste, were left behind. In Mexico some of the most iconic companies have adapted to the environment and transformed their logos. Others still resist ... A logo is important because it reflects the company’s values ​​and personality. Its graphic shapes and colors represent a corporate strategy, said Fernando Treviño CEO of the Mezcalina digital advertising agency... Gruma. Even before the death of its founder Roberto González Barrera in 2012, an unsuccessful effort was made to update the logo’s typography. The businessman always refused to do so because he felt it was unnecessary. Ready for renewal. In 2009 the original typeface was used to celebrate the company’s 60^th anniversary. The 2014 logo will be platinum-colored to commemorate its 65^th anniversary...

CARLOS FERNÁNDEZ – VEGA MÉXICO, S. A. (LA JORNADA 24)

The United Nations Economic Commission for Latin America and the Caribbean known as ECLAC said that Mexico does not publish disaggregated data on the investments of Mexicans abroad, which would allow for an analysis of the sectors and countries on which it is focused. “However, based on data from mergers and acquisitions, it can be concluded that Mexican investments, although they have not abandoned their preference for the United States and other markets in Latin America, are also starting to go into Europe and other regions. In addition to new acquisitions, the most important Mexican Trans-Latin companies continue to announce investments abroad as Grupo México invested US $134 million in its mining operations in Peru; Bimbo opened a new plant in Brazil and one in Argentina;Grumaopened a new plant in the United States, and Cinépolis, the fourth largest movie theater chain worldwide, announced at the beginning of the year that it plans to open 350 movie theaters in Brazil, Colombia, India and the United States…”

THE TOP FIVE COMPANIES WITH THE MOST PROMISING Q3 2013 REPORTS (EL FINANCIERO PP-22)

Despite the weakness of the Mexican and international economy, consumer companies will be those that report the best results for Q3 2013, supported by operational efficiencies, currency appreciation and easy comparison in some cases, according to the El Financiero survey results with estimates from seven brokerage firms. The top five companies comprising the Mexican Stock Exchange CPI with the highest EBITDA growth will be ICA with 49%, followed byGrumawith 24%, Bimbo 20%, and Alsea and Genomma Lab with an 18% increase in both cases.

TRENDS AND SIGNALS (EL ECONOMISTA 7) GRUMA

The corn processor’s shares accrued a 4.6% gain in the last 30 days and its market capitalization value at Friday’s close was 34.4 billion pesos for a 103% gain so far this year.

STOCK MARKETS EXTEND THEIR SALES WAVE (EL FINANCIERO 11-1)

Stock prices fell for a second consecutive session, in the absence of signals on the budget crisis in the United States, ignoring the mixed economic data releases related to jobs and the service sector. The Mexican Stock Exchange’s main indicator reported a deficit for the second time after losing 1.11% to close at 40,841.13 points ...Some of the companies on the rise includedGfinbur,Gruma, Sanmex and Gap...

TRENDS AND SIGNALS (EL ECONOMISTA 7) GRUMA

 The corn processor accrued a 107.2% return over the last 12 months for a $79.10 peso high and a $35.24 peso low.

ENRIQUE GALVÁN OCHOA/DINERO (MONEY) (LA JORNADA 6)

Other than the fact that the government is among the 20 largest bondholders, we need to take into account the investments of big business. Just in 2012, the United States Embassy reported that its investments amounted to US $27.9 billion. According to data from the diplomatic agency, the leading companies with interests across the border include Grupo Elektra, Bimbo,Gruma, Sigma Alimentos, Grupo Herdez, Industrias Bachoco, Grupo Alfa, Mexichem and Cinépolis. Carlos Slim’s América Móvil should also be added to the list as the largest Mexican investor in the United States...

The Mexican Stock Exchange CPI (Consumer Price Index) fell 1.3%(En los tiempos de la radio)by Oscar Mario Beteta: the Consumer Price Index fell 1.3% to settle at 39,916 units. The shares that earned the most yesterday include Genomma Lab,Gruma, and Pinfra while Cemex and Alfa were the primary losers.

MEXICO’S 100 TOP ENTREPRENEURS (EXPANSION 242-263)

Juan González Moreno, Gruma (ranked # 20).Gruma lost 15% of its net sales and 14% of its total assets to get out of Venezuela; however, the company is experiencing one of its best moments as it has doubled its market value since December, going from $21 billion to $43.6 billion pesos, paying down its debt, improving its financial profile and growing its sales. This executive assumed the leadership position after the death of his father,Roberto González Barrera.Grumawas ranked as the company that achieved the best performance in the Mexican Stock Exchange between December 2012 and September 2013 with a 97% return while also improving its debt profile...

Carlos Hank González, Gruma, Grupo Financiero Interacciones and Grupo Hermes. Grupo Hermes recently won an international tender by which it will send six steam generators to the Sadara Chemical Company in Saudi Arabia, the largest petrochemical project in the world. This investment is valued at US $95 million. The Interacciones Financial Group announced that it is looking to grant $113 billion pesos in government loans, factoring and infrastructure for municipal, state and federal projects.Hank González has served as Gruma vice president since 2012.

MEXICO’S 100 TOP ENTREPRENEURS (EXPANSION 16-208-216)

On October 3^rd, 2012, the Mexican Business Coordination Council gave president-elect Enrique Peña Nieto the Agenda for Mexico, a document containing its vision, diagnosis and strategies for 23 topics. The entrepreneurs also participated in the National Development Plan and the design of programs and goals developed around five axis including education, safety, poverty alleviation, Mexico’s image abroad and economic growth. At the end of January the Mexican Stock Exchange reached its historical peak to exceed 45,000 points... Slim did not have a good year in the financial sector with Inbursa and the company’s value fell 13%. In contrast, the shares of companies likeGruma,Kimberly-Clark de Mexico, Compartamos, Bimbo and Alsea grew... Incoming entrepreneurs in 2013, Position/Business Person/Companies under their control –Juan A. González Moreno of Gruma ranked # 20.

IDENTITY SEAL (EXPANSION 289-291) Gruma.

The company owns MASECA, the brand ranked # 14 of the 40 most valuable brands of Mexico. The logo is the cover letter of a company. Intentionally or accidentally, logos evolve to transmit the values ​​of a brand. Those brand identities created decades ago at family gatherings or drawn on a napkin with colors to taste, were left behind. In Mexico some of the most iconic companies have adapted to the environment and transformed their logos. Others still resist ... A logo is important because it reflects the company’s values ​​and personality. Its graphic shapes and colors represent a corporate strategy, said Fernando Treviño CEO of the Mezcalina digital advertising agency... Gruma. Even before the death of its founder Roberto González Barrera in 2012, an unsuccessful effort was made to update the logo’s typography. The businessman always refused to do so because he felt it was unnecessary. Ready for renewal. In 2009 the original typeface was used to celebrate the company’s 60^th anniversary. The 2014 logo will be platinum-colored to commemorate its 65^th anniversary...

CARLOS FERNÁNDEZ – VEGA MÉXICO, S. A. (LA JORNADA 24)

The United Nations Economic Commission for Latin America and the Caribbean known as ECLAC said that Mexico does not publish disaggregated data on the investments of Mexicans abroad, which would allow for an analysis of the sectors and countries on which it is focused. “However, based on data from mergers and acquisitions, it can be concluded that Mexican investments, although they have not abandoned their preference for the United States and other markets in Latin America, are also starting to go into Europe and other regions. In addition to new acquisitions, the most important Mexican Trans-Latin companies continue to announce investments abroad as Grupo México invested US $134 million in its mining operations in Peru; Bimbo opened a new plant in Brazil and one in Argentina;Grumaopened a new plant in the United States, and Cinépolis, the fourth largest movie theater chain worldwide, announced at the beginning of the year that it plans to open 350 movie theaters in Brazil, Colombia, India and the United States…”

STORES AND THE CONSTRUCTION INDUSTRY REPORT LOWER SALES (CNNEXpansión.com)

The economy’s weak performance in the third quarter will be a negative factor in the results reported by companies listed on the Mexican Stock Exchange who will announce their results in the coming days... On the positive side, Actinver Financial Group analyst Jaime Ascencio said “consumer-related businesses have done well in the quarter and trust that Bimbo,Gruma,Grupo Modelo report a good quarter despite the economic slowdown...”

MONEX FORECAST BUSINESS IMPROVEMENT (CAPITAL DE MÉXICO 3)  For the third quarter of the year, the companies submitting the best reports are Grupo Mexico,Gruma,Bimbo and ICA while Mexichem, Alpek, Peñoles and Kimberly-Clark (Kimber) are among those producing the lowest results, said Monex analysts, who added that Grupo Mexico will report a 393% sales growth year-over-year whileGrumaand Bimbo are expected to grow 34 and 26.5 percentage points respectively, in the same period...

FIDEL HERRERA/PATRIA NUEVA (EL SOL DE MÉXICO 15) 

One of the major achievements resulting from the Indonesian President’s visit on the occasion of the end of the Asia-Pacific Economic Cooperation Summit was his promotion of the integration of MICTA, a bloc of countries including Mexico, Indonesia, South Korea, Turkey and Australia, a group of emerging countries known for their successful economic dynamics... Mexico’s trading platform in Oceania targets Australia where Mexicans have successfully sold traditional products and national handicrafts. Mexican entrepreneurs are exploring this market, such asGrumaMetalsa and Group Proeza...

GRUMA VENEZUELA TO ELECT THE COUNTRY’S BEST MASTER BAKER (Analítica.com)

For the seventh year running, the best bakers demonstrate their knowledge and skills in preparing their most delicious recipes. This Saturday, on October 19^th,GRUMA Venezuelawill hold the seventh edition of the Master Bakers contest starting at 11:00 a.m. center stage in the El Recreo shopping mall. “We are inviting Venezuelan families to enjoy this contest and meet the top 10 master bakers in the country, who will demonstrate their techniques and creativity in preparing the most varied and delicious recipes,” said Arturo Herrero, the company’s wheat category manager.

LOURDES MENDOZA/PLACERES Y NEGOCIOS (BUSINESS AND PLEASURE) (REFORMA 95)

 Last week Rodrigo Medina gave his fourth government report and the social details that caught my attention were the fact that he started to speak on time; I mean, a 15-minute delay in this type of events is nothing... The “You bring it” entrepreneurs presents at the event included Armando Garza Sada, Álvaro Fernández, Dionisio Garza Medina, Ricardo Martín Bringas, Sergio Gutiérrez Muguerza,Juan González Moreno,Tomas Milmo, Miguel Barragán and Beto de los Santos, among others, who enjoyed an entertaining time with his neighbors. Not too bad for a Governor who faced a dark beginning and has now improved his path...

JUAN DE LA COSA/MAPA POLÍTICO (POLITICAL MAP) (LA CRÓNICA DE HOY 11)

 A few days after the fourth Chronicle Awards (Premios Crónica), how quickly time passes, it should be noted that its initial spring board based on the need to strengthen its core values, is still in effect. It bears noting that in 2010, before the nationalist effervescence for the festivities celebrating Mexico’s Independence Bicentennial and Centennial of the Revolution, the governing body of our work community, headed by Group President Mr. Jorge Kahwagi Gastine, assumed the responsibility to implement actions to recognize the values ​​to acknowledge the men and women who enhance Mexico with their work. Mexicans who have received the Chronicle Awards includeRoberto González Barrerawho received the Values ​​and Social Commitment Award in 2012.

TRENDS AND SIGNALS (EL ECONOMISTA 7) GRUMA

The corn producer’s market capitalization when the market closed on Friday was 34.7 billion pesos. Its accrued earnings were 8.5% in the last 30 days and 111.2% in the past 12 months.

MEXICO IS THE FIFTH COUNTRY WITH THE LARGEST NUMBER OF FAMILY COMPANIES WORLDWIDE (EL FINANCIERO 17)

Mexico is the fifth country with the largest number of family companies worldwide, according to a study by the Business Families Foundation (BFF) that includes the 250 largest companies controlled by families, including Grupo Carso, Cemex, Grupo Bimbo, Soriana, Chedraui, Casa Saba, Grupo Bal, Femsa and Grupo Maseca...

GRUMA SHINES IN THE THIRD QUARTER (CNNExpansión.com)

Mexican multinationalGrumareported on Wednesday a 702 million peso net profit in the third quarter of the year, representing a 75% increase year-over-year. Operating cash flow (EBITDA) grew 49% over last year to stand at 1.7 billion pesos, driven by all of the company’s operations, albeit mainlyGruma CorporationandGIMSA. The company provided these details in the information it sent to the investing public.

GRUMA PROFITS UP 75% IN THE THIRD QUARTER (LA JORNADA 29)  (EL SOL DE MÉXICO FRONT PAGE FINANCES 1-5), (EL UNIVERSAL FRONT PAGE FINANCES), (REFORMA 3),(MILENIO DIARIO 31), (EXCÉLSIOR 3) (EL FINANCIERO 20), (EL ECONOMISTA 10)

Mexican multinationalGrumareported 702 million pesos in net profits on Wednesday, for the third quarter 2013, representing a 75% increase with compared with the same period in 2012...Grumadebt in the third quarter of 2013 was reduced by US $93 million compared to June this year, thanks to the proceeds from its cash flows and cost reduction strategy ordered by the Board of Directors...

IRASEMA ANDRÉS DAGNINI/CUENTAS CLARAS (CLEAR ACCOUNTS) (LA RAZÓN 19) Gruma surpassed its goals. Good Gruma managementcontinues to generate attractive profits. The Mexican company’s sales volumes totaled 1.06 million tons in the third quarter of the year, generating 13.8 billion pesos in revenues. Operating income increased 72% due to cost-cutting policies and operational improvements. Net income showed a 75% increase year-over-year to settle at 702 million pesos.Gruma’slevel of indebtedness fell US $93 million in the last three months, when it invested US $30 million to maintain and enhance technology in its plants, primarily in Mexico and the United States. The company’s financial results are reflected in the strong demand for the issuing company on the Mexican Stock Exchange.GRUMAB’s value increased 100.5% in one yearfrom 36.42 to 73.02 pesos between September 2012 and September 2013.

THE STOCK MARKET’S WEAKNESS DOMINATES THE MEXICAN STOCK EXCHANGE BY FALLING 0.75%. WALL STREET GOES UP(EL FINANCIERO 10) 

The Mexican Stock Exchange ended Thursday’s session with a 0.75% contraction while its main index settled at 40,246.73 units. The Mexican market is still plagued by the fear that the Omnibus Tax Bill will harm some first level companies listed on the stock exchange. This day mitigated index losses as some issuing companies presented their reports such as Cemex, Walmex, Bimbo andGrumawiththeir 3.94%, 0.50%, 3.35% and 4.34% increases, respectively.

THE MEXICAN STOCK EXCHANGE IS STILL EXPERIENCING A ROUGH PATCH (EL SOL DE MÉXICO 3) 

The country’s financial markets reported mixed results, as the Mexican Stock Exchange fell 0.75%, while the dollar fell just one penny over Wednesday’s listed price when trading was 13.20 pesos per dollar... In terms of issuing companies,Grumareported the highest gains at 8.61%...

MARTÍN CARMONA: GRUMA REPORTED A 75% PROFIT(MORNING FOCUS – ENFOQUE MATUTINO) 

Martin Carmona: Grumareleased its quarterly repot, and this Mexican multinational reported a 75% profit. The best thing is thatGruma’sdebt in the third quarter was down US $93 million.

Leonardo Curzio:does this mean its profit grew 75 percent?

Martín Carmona:75 percent of net profits and a 72 percent growth in its operating profits

Leonardo Curzio:It’s going gang busters.

MAURICIO FLORES: QUARTERLY REPORTS OF COMPANIES LISTED ON THE MEXICAN STOCK EXCHANGE (REPORT 98.5 (6:00 TO 11:00) 

Mauricio Flores: The first quarterly reports of companies listed on the Mexican Stock Exchange are starting to come in and I would say the picture is looking pretty good...Gruma,we are talking about the country’s main producer of corn flour that increased its net income by 75% in the third quarter with a 72% operating profit. Look, the truth is that you can see the efficiency of the production systems of this company founded by Roberto González Barreraand now directed by his son,Juan González Moreno. They have made things very interesting and their net sales have reported a remarkable growth so far in the third quarter...

GRUMA PROFITS GREW IN THE THIRD QUARTER (MILENIO NOTICIAS TV (12:00 p.m. to 4:00 p.m. and 4:00 p.m. to 8:00 p.m.) 

Claudia Ovalle: and speaking ofGruma, it reported 631 million pesos in profits in the third quarter for a 136% increase compared to the same period last year, due to its improved operating performance and acquisition of the Archer Daniels Midland shares. In mid-December 2012, Gruma acquired 23% of the shares held by the ADM Company for US $450 million. The net sales of one of the largest corn flour, tortillas and wheat flour producers were up.

TRENDS AND SIGNALS (EL ECONOMISTA 7) GRUMA 

The corn processor increased its net profit nearly 136% in the third quarter, due to its improved operating performance and after buying back 23% of the shares Archer Daniels Midland held in the company.

TOP 100 ENTREPRENEURS FOR 2013 (CNNExpansión.com)

John A. González Moreno was ranked # 20 in 2013 in the Expansión magazine ranking of the ‘Top 100 entrepreneurs in Mexico. This is the first time he is on the list.Grumalost 15% of its net sales and 14% of its total assets to get out of Venezuela; however, the company is experiencing one of its best moments as it has doubled its market value since December, going from $21 billion to $43.6 billion pesos, paying down its debt, improving its financial profile and growing its sales. This executive assumed the leadership position after the death of his father,Roberto González Barrera.Grumawas ranked as the company that achieved the best performance in the Mexican Stock Exchange between December 2012 and September 2013 with a 97% return.

PROFITS AND THE EBITDA ARE LOWER FOR ISSUING COMPANIES IN THE THIRD QUARTER (EL FINANCIERO front page -18)

Economic weakness in Mexico and export markets, adverse weather and a drop in commodity prices yielded weak results for the third quarter of 2013 in the companies comprising the CPI of the Mexican Stock Exchange. However, the five companies with the best performance in EBITDA wereGrumawith a 49% increase, followed by Alsea with a 32% growth, Bimbo and Bolsa with 29% in both cases, and Empresas ICA with a 27% increase.Grumaand Alsea results were supported by cost and expense efficiencies...

ONLY 30 COMPANIES EARNED $60 BILLION IN THE QUARTER(LA JORNADA back cover-25) 

A select group of 30 large companies reported profits for nearly 60 billion pesos in the third quarter, despite the economic slowdown in Mexico between January and September. The financial results of these companies, however, suggest that “the sharp” decline in consumption in Mexico “begins to show signs of recovery,” according to the opinion of experts from the Santander Mexico financial group... According to the report issued by Santander Mexico specialists in the sample, they highlighted the benefits obtained by Grupo Carso and Bimbo and the growth in net income obtained byGrumaequal to 136.4%, which grew 267 million one year ago to 631 million in the third quarter of 2013...

TRADING AND AIRPORTS MOVED FORWARD. (MILENIO DIARIO 28) 

The best performance by companies listed on the Mexican Stock Exchange at the end of the third quarter, included airports, trade and food and beverage companies... Sales and net income in the food and beverage sector was weak with an average increase of 5.1% and 3.8%, respectively; however, average growth at the operating level was 13.6%, highlighting the results of Bimbo andGrumawith their 83.1% and 49.2% increases, respectively.