The company's US-based subsidiary will supply buns to McDonald's outlets there. Diners at McDonald’s restaurants in Nur-Sultan and Almaty will soon be biting into burgers served on buns originally conceived in Mexico: the Mexico City-based baked-goods multinational Grupo Bimbo is extending its reach into Kazakhstan, Kazakh Invest reports.
Via its United States-based subsidiary Bimbo QSR, the world’s largest bread maker announced that it has signed a deal with the company Food Town, which is the exclusive supplier of buns to McDonald’s in the central Asian nation.
Grupo Bimbo said that it will have a 51% stake in the deal with Food Town and that Bimbo QSR will have the opportunity to “strengthen its manufacturing footprint” and relationship with quick-service restaurant (QSR) clients in central Asia.
“It is our priority to meet the needs of our QSR customers worldwide and we will continue to invest in our business to achieve it,” said Bimbo QSR president Mark Bendix. “This operation in Kazakhstan is well-positioned to meet the growing demand of our customers in the region.”
The joint venture with Food Town is expected to be up and running by the end of the first quarter of 2020, Grupo Bimbo said, adding that Kazakhstan will be the 33rd country in which it has a presence.
The company’s biggest market in the United States followed by Mexico. The two North American countries account for 50% and 30% of total sales, respectively. Bimbo also has a presence in many Latin American nations as well as countries in Europe, Africa and Asia.
The company’s investment plans for Mexico will be announced soon, CEO Daniel Servitje said this week. Economic stability, low inflation and a stable exchange rate have generated confidence to invest in the country, he said.
Founded in Mexico City in 1945, Bimbo has 196 factories both in Mexico and abroad and employs more than 136,000 people. Its products include fresh and frozen bread, buns, cookies, cakes, English muffins, bagels, tortillas and snacks.
Bimbo has one of the world’s largest distribution networks and sells its products at more than 3.1 million retail outlets.
UNDP is guided by the national development priorities
World • 17 November, 2020
The grand opening of the bust of Abai Kunanbaiuly took place in Bucharest
Lifestyle • 10 September, 2020
Kazakhstan to adopt program for development of pharmaceutical industry
Kazakhstan • 20 August, 2020
President Tokayev pays working visit to Turkistan region
President • 20 August, 2020
Head of state holds a meeting on anti-corruption issues
President • 20 August, 2020
Distance learning to continue in Kazakhstan from September 1
Education • 19 August, 2020
Ministry of Agriculture on 430 million tenge for subsidizing
Kazakhstan • 19 August, 2020
Kazakhstan exports 30 thousand tons of fish products to 36 countries
Economy • 19 August, 2020
PM Askar Mamin instructs to create programs for developing fisheries in all regions
Kazakhstan • 18 August, 2020
Government considers implementation of measures to support employment
Government • 18 August, 2020
President Tokayev meets with Minister of information and public development
President • 18 August, 2020
Nursultan Nazarbayev receives first Deputy Chairman of the Nur Otan party Bauyrzhan Baibek
Politics • 18 August, 2020
Quarantine measures be lifted gradually in Kazakhstan
Kazakhstan • 17 August, 2020
Kazakhstan and UN sign framework program on cooperation for 2021-2025
Kazakhstan • 17 August, 2020
The Head of State receives Minister of Trade and Integration Bakhyt Sultanov
President • 17 August, 2020
The chair of JSC Zerde National Infocommunication Holding appointed
Appointment • 17 August, 2020
The President receives Minister of Industry and Infrastructure Development
President • 17 August, 2020
About 1.4 billion tons of cargo transported by road in six months in Kazakhstan
Kazakhstan • 10 August, 2020
Enbek and Employment Roadmap programs considered
Government • 10 August, 2020
Kazakh President sends a telegram of congratulations to Alexander Lukashenko
President • 10 August, 2020
PM Askar Mamin informed about SK-Pharmacy’s measures to provide drugs to combat COVID-19
Government • 06 August, 2020
Issues of Kazakhstan's access to complex of candidate vaccines for COVID-19 considered
Coronavirus • 06 August, 2020
President Tokayev had a telephone conversation with President of Lebanon
President • 06 August, 2020
2.6 million students to study in distance
Education • 06 August, 2020
The Head of State receives Minister of Education and science
President • 06 August, 2020
Positive trend observed in fight against COVID-19 in Kazakhstan
Coronavirus • 05 August, 2020
Kazakh President instructs MFA to ensure citizen's safety in Lebanon
President • 05 August, 2020
Dozens killed, thousands wounded in Beirut
World • 05 August, 2020
E-commerce in Kazakhstan increased by one and half times
Economy • 28 July, 2020
Epidemiological situation in Kazakhstan stabilizing
Coronavirus • 28 July, 2020
29% decrease in CVI cases recorded since introduction of quarantine
Coronavirus • 28 July, 2020
Head of state speaks over phone with Uzbek President
President • 28 July, 2020
Over 2 thousand projects worth half a billion tenge approved under Economy of Simple Things
Economy • 23 July, 2020
Production of building materials in Kazakhstan increased 3.3 times
Kazakhstan • 23 July, 2020
Number of ambulance calls reduced by 23% in two weeks
Medicine • 22 July, 2020
Kazakhstan reaches stabilized level of epidemiological situation
Coronavirus • 22 July, 2020
Askar Mamin introduces First Vice Minister of Digital Development Bagdat Mussin
Appointment • 22 July, 2020
Investments - key to sustainable and high-quality economic growth
Economy • 22 July, 2020
Production in manufacturing industry grew by 4.8%
Kazakhstan • 20 July, 2020
National Bank to use all available instruments to keep inflation within range of 8-8.5% in 2020
Economy • 20 July, 2020
President holds a conference call on the fight against coronavirus
President • 20 July, 2020
About 281 thousand Kazakhstanis employed through the e-labor exchange in 2020
Society • 19 July, 2020
Over 22 million electronic services provided in Kazakhstan during pandemic
Technology • 15 July, 2020
Kazakhstan to introduce reference system of Export Guides
Kazakhstan • 15 July, 2020
Production in manufacturing industry grew by 4.8%
Kazakhstan • 15 July, 2020
National Bank to use all available instruments to keep inflation within range of 8-8.5% in 2020
Economy • 15 July, 2020
Ministry of Finance speaks about optimization of costs of state bodies
Government • 14 July, 2020
Joint plan of Government and National Bank to be adopted in Kazakhstan
Government • 14 July, 2020
Medicines supply to reach over 600 thousand packs per month
Medicine • 14 July, 2020
Government gives 42,500 tenge for loss of income
Society • 14 July, 2020
375 people died from coronavirus infection
Coronavirus • 13 July, 2020
Turkey sends humanitarian aid to Kazakhstan
Coronavirus • 13 July, 2020
Kazakhstan mourns Covid-19 victims today
Kazakhstan • 13 July, 2020
Operations Headquarters on COVID-19 keeps situation in regions under control
Coronavirus • 10 July, 2020
Government's anti-crisis measures: Restoring economic growth and supporting SMEs
Kazakhstan • 10 July, 2020
Aigul Shaimova appointed vice minister of national economy
Appointment • 10 July, 2020
28K people hospitalized with pneumonia in Kazakhstan
Coronavirus • 08 July, 2020
President Tokayev: Work on providing citizens with medicines continues
President • 08 July, 2020
1109 new cases of coronavirus confirmed in Kazakhstan
Coronavirus • 08 July, 2020
How the main city of Kazakhstan developed
Kazakhstan • 08 July, 2020
Russian doctors arrive in Kazakhstan
Coronavirus • 07 July, 2020
Nursultan Nazarbayev marks his 80th birthday
Елбасы • 07 July, 2020
Experts on Islamic finance and fintech industry in post-pandemic era
Coronavirus • 07 July, 2020
State Commission approves measures to stabilize epidemiological situation
Coronavirus • 07 July, 2020
SMEs can apply for new loan deferral — Madina Abylkassymova
Business • 24 June, 2020
PM Askar Mamin instructs to ensure readiness for heating season
Kazakhstan • 24 June, 2020
Government adopts measures to improve business climate in Kazakhstan
Government • 24 June, 2020
4 more new medical masks production enterprises to launched in Kazakhstan
Coronavirus • 23 June, 2020
Askar Mamin instructs to take measures to develop engineering
Government • 23 June, 2020
Similar news
