Miguel Rincón Arredondo

August 16, 2021 | 11:30 AM
  • Sector: Industry
  • Company: Bio Pappel
  • Country: México

He is the founder of the Mexican manufacturer of paper and derived products, which has operations in the United States and Colombia. Miguel Rincón Arredondo is so close to President Andrés Manuel López Obrador, that he even made AMLO the godfather of one of his daughters. At the corporate level, the company was affected during the pandemic by the closure of offices and schools, which reduced its profits. However, Bio Pappel is betting on electronic commerce through the manufacture of packaging for Mexico and the United States, which is why it authorized the construction of two industrial plants that will be in charge of manufacturing corrugated paper in Dallas, Texas and Tizayuca, Hidalgo. Bio Pappel is one of the Mexican companies that recently announced the delisting of its shares from the Mexican Stock Exchange.