Parent company of state Calica buys Canadian company Business Mexico Playa del Carmen 

Parent company of state’s Calica buys Canadian company

Playa del Carmen, Q.R. — The parent company of Calica in Playa del Carmen has purchased Canadian Polaris Materials Corporation. Vulcan Materials Company (VMC), a company dedicated to the production of stone aggregates and the parent company of the Mexican subsidiary Calizas Industriales del Carmen, SA de CV (CALICA) in Quintana Roo, has acquired Canada’s Polaris Materials Corporation’s aggregate and logistics company. According to a statement, the consolidation of CALICA in Quintana Roo allowed f creation of 400 direct jobs and more than 2,000 indirect jobs. Vulcan President and CEO Tom Hill…

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Cancun police demonstrate for unpaid raises, proper equipment Cancun Mexico 

Cancun police demonstrate for unpaid raises, proper equipment

Cancun, Q.R. — Police in Cancun have negotiated for back pay and new uniforms after demonstrating outside city hall earlier this week. The demonstration of nearly 100 officers lasted several hours Monday as city police demanded retroactive pay that had been promised to them since August. Elements of the Municipal Police of Public Security sat in a three-hour meeting with Cancun mayor, Remberto Estrada Barba, to hash out a new deal. Wednesday, a new agreement was reached for payment as well as updated equipment and new uniforms. Cancun mayor confirmed that the police…

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Mexican peso regains footing as greenback falls Business Mexico 

Mexican peso regains footing as greenback falls

Mexico City, Mexico — On Friday, the Mexican peso was ranked as the best performing globally before the start of the third round of NAFTA negotiations Saturday. The Bank of Mexico reported closing Friday at 17.7365. During the day, the peso gained 14.75 cents, equivalent to 0.82 percent. This percentage is the highest since July 14 of this year when the Mexican currency advanced 1.09 percent. The Bank of Mexico reports that Mexican currency advanced due to the weakness of the dollar in the international market. The Mexican peso’s reaction to tweets by U.S….

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Another construction accident claims life Mexico Playa del Carmen 

Another hotel construction accident claims life

Playa del Carmen, Q.R. — A partial building collapse at the new Xcaret hotel project has left one person dead and two injured. The accident occurred yesterday at the Experiences Xcaret megaproject during the heavy morning rains. Reports say that a large slab of concrete gave way and collapsed, killing one and injuring two others. The large slab of concrete, which was supported by steel tensions, was 2 meters wide and between 25 and 30 meters in length. The concrete section fell when its support gave way due to a…

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Dragon Mart Cancun land to likely be resold

Cancun, Q.R. – The partially developed land for the rejected Dragon Mart Cancun project is likely to be resold as it becomes available once again. An upcoming nullity trial due to the cancellation of the Dragon Mart project several years ago has investors seeking to recover the land. Juan Carlos López Rodríguez, Dragon Mart Cancun project representative, said that it would likely be July when the first instance of the nullity trial filed with the Federal Tax and Administrative Court of Justice is resolved. He notes that since the land has increased…

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Ejido land can be an attractive real estate option

Mexico City, Q.R. — In recent years, many parts of Mexico have become an attractive market for the sale of tourist land in regions such as Los Cabos, Playa del Carmen, Tulum and Puerto Vallarta among others. In most cases, the price of the properties sold are in the US dollars and, depending on where one decides to buy, the cost per hectare can range from $30,000 to $100,000 dollars. Although this type of real estate can be a good option for those with purchasing power, there are several aspects to consider before carrying…

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Truck falls through main floor of new condominium complex

Playa del Carmen, Q.R. – A vehicle has fallen through the main ground floor of a new condominium development that is still being built in central Playa del Carmen. On Monday, a truck carrying 2.5 tons of material fell approximately 5 meters down through the ground floor of the condominium development, My Menesse The City. The floor that collapsed was the basement ceiling of the condominium. The condo project, which is still in the process of construction, has been suspended by Municipal Civil Protection. The accident happened just after noon…

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Lack of proper permits sees Mayan Madness event moved

Riviera Maya, Q.R. – Due to lack of proper permits, the music event, Mayan Madness Electronic Music Festival, has been moved. An announcement from Guillermo Haro Bélchez, federal attorney for Federal Environmental Protection (Profepa), said that the venue was temporarily closed until all issues with the installation of fixed and semi-fixed structures were addressed since the social event did not have the corresponding authorization issued by the correct federal authority. The announcement was made in response to a complaint filed by the National Commission of Natural Protected Areas (CONANP). As…

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