Mexico's Empresas ICA copes with new times

Article Abstract:

Empresas ICA SA is attempting to rebuild itself at a rapid pace. Empresas is the largest construction company in Mexico. The firm is seeking to expand into the rapidly growing export-manufacturing industry in Mexico. The company is hoping to use the industry as its main client base. Empresas is expecting to post $1.5 billion in sales for 1998. The company has also formed an alliance with Fluor Corp. in order to acquire the low-cost financing that it requires to compete against other major foreign bidders.

Comment:

Attempting to rebuild itself at a rapid pace

Construction, Empresas ICA Sociedad Controladora S.A. de C.V.

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Metalclas of U.S. calls a halt to new investment in Mexico

Article Abstract:

Metalclad Corp. announced that it is suspending further investment in Mexico until foreign investor protection laws are enforced by officials. Metalclad is one of the largest toxic and hazardous handlers in the US. The company said that it was halting the building of a $10 million landfill operation in Aguascalientes state. Metalclad also said that it would suspend construction on three other pending projects in Mexico.

Comment:

Announced that it is suspending further investment in Mexico until foreign investor protection laws are enforced by officials

Janitorial Services, Cleaning & Building Maintenance Svcs, Metalclad Corp.

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GM strikes ripples into Mexico, idling 30,000 auto workers

Article Abstract:

The General Motors (GM) labor strike in Flint, Michigan, is having a major impact on GMEs operations in Mexico. The strike has led to the idling of up to 30,000 GM workers in Mexico. Since the early 1990Es, GM has become the largest private employer in Mexico with 85,000 full-time workers. The strike in Flint emphasizes the disadvantages of economic integration.

Comment:

GM labor strike in Michigan has major impact on GMEs operations in Mexico; strike idles 30,000 GM workers in Mexico

Labor force information, Motor Vehicles & Parts, Transportation Equipment Manufacturing, General Motors Corp.

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