Current Technology Reports Further Mexico City Expansion
The following was issued today by Robert Kramer, Director, Current Technology
Corporation (OTC Bulletin Board: CRTCF):
Current Technology Corporation reports that its exclusive distributor for
Mexico, Current Image Technology S.A. de C.V. ("CIT"), is adding a second ETG
(ElectroTrichoGenesis) Treatment Device to its newly opened location in Mexico
City. Situated in an historical building in the upscale San Angel district of
the capital city, the new location complements the successful three unit
flagship ETG Center located in the Polanco district.
“We are pleased to complete the purchase of a second ETG Device for San
Angel,” states Dr. Rosa Corzo, CIT’s president. “Although we just opened our
second Mexico City location this July, client demand requires us to purchase
another unit immediately.”
“The fact that the San Angel location has developed so quickly is a credit
to Dr. Corzo who is an excellent operator,” states COO Anthony Harrison. “It
is also further evidence of the efficacy and commercial viability of our
proprietary TrichoGenesis technology platform.”
More: prnewswire.com
Wal-Mart and Li ka-Shing seen key to Mexico port expansion
Top retailer Wal-Mart Stores Inc. and Hong Kong magnate Li ka-Shing are key players in a $300 million expansion of Mexico's Pacific port of Lazaro Cardenas aimed at ensuring goods reach U.S. shelves, according to the U.S. railroad that serves the port.
"Wal-Mart and other retailers are looking for backup routes so that even if some ports face stoppages they have reliable backups," Michael Haverty, chief executive of Kansas City Southern , told Reuters at KCS headquarters here in a recent interview.
As part of current plans, he added, Wal-Mart may build a
Rubbersolutions to Run Six Recycling Plants in Mexico
Rubbersolutions Pty Ltd has announced the “signing and receipt of deposit†for six tyre recycling plants in Mexico with Recycling Planet. All tyre-recycling facilities will incorporate new grinding technology aimed at reducing whole tyres to -80-mesh powder as well as the Patent Pending Tread Stripping machinery recently introduced by Rubbersolutions. This includes the revolutionary new mining tyre tread stripper/cutter.
At a recent launch representatives of all major Mexican political parties are reported to have supported the move. Recycling Planet managing director, Mr Alberto Frost commented that the company had conducted “worldwide explorations into tyre
UPDATE 1-Mexico posts $650 mln 3Q current account deficit
Mexico posted a $650 million current account deficit in the third quarter of this year following a $19 million deficit in the second quarter, the country's central bank said on Tuesday.
The accumulated current account deficit in the first nine months of the year was equivalent to 0.7 percent of gross domestic product.
Analysts in a Reuters poll had predicted Mexico would post a third-quarter current account deficit of $1.226 billion.
"It's clearly far better than expected, and another sign that exports are doing much better than had been feared," said Christian Stracke, lead
Time Heads for Mexico
Time Warner's (TWX:NYSE - commentary - research) Time Inc. publishing division has acquired Mexico City's Grupo Editorial Expansion.
Grupo Editorial Expansion is a 15-title-strong publisher of consumer and business magazines in Mexico founded nearly 30 years ago. Financial terms of the transaction were not disclosed, though an industry analyst put the value of the deal around $60 million.
Its portfolio includes Expansion, the company's flagship business magazine and Quien, a biweekly celebrity magazine that, according to the company, carries more advertising pages than any other Mexican periodical. The portfolio also includes fitness, health, architecture, an in-flight
Agnico-Eagle positioned for expansion in Mexico and Quebec after strong Q2
Agnico-Eagle Mines Ltd. (TSX:AEM) says its well-positioned to move on its multi-mine expansion plans, led by projects in Mexico, after nearly tripling its profits in the second quarter.
Were in the early stages of our growth story, CEO Sean Boyd said in a conference call Thursday.
That growth story is backed up by record earnings and cash flows coming out of LaRonde (a major Quebec gold mine) in the first half of 2006.
Boyd said Agnico is spending much of its $35-million budget in a large property package in
Mexico growth, current account paint rosier picture
A surprisingly low current account deficit and healthier-than-expected monthly growth data painted a rosier picture of Mexico's economy on Tuesday, but analysts warned it was too early to celebrate a recovery.
Mexico's central bank posted a $650 million current account deficit for the third quarter, about half what had been expected, and the government said the economy expanded 3.9 percent in September from a year ago.
But analysts said it was mostly oil exports and remittances that pushed the current account toward the black and noted that although agriculture and services fanned the economy, the
Thacher Proffitt Announces Mexico City Office Relocation
Thacher Proffitt & Wood LLP, a 150-
year-old law firm, today announced the relocation of its Mexico City office to
Paseo Tamarindos, Colonia Bosques de las Lomas. The relocation is one of many
highlights in the firm's substantial growth. "The Torre Arcos is one of the
most prestigious addresses in Mexico City," said Boris A. Otto, Office
Managing Partner. "We chose this location because after six years we outgrew
our previous accommodations. The new space will provide sufficient room to
meet our goals for continued expansion."
Paul D. Tvetenstrand, Chairman and Managing Partner, noted, "This
expansion
Trade Mission In Mexico
Governor Dirk Kempthorne is ready to leave the country to visit Idaho's ninth largest trade partner. The delegation of 70 departs in the morning for Mexico. Companies like Premier Technology will visit Monterrey, Guadalajara, and Mexico City over the next week. Many Eastern Idaho-based companies are pursuing increased business, educational, and tourism opportunities.
This is a second trade mission for Premier Technology. Mike Ryan says his colleagues have just returned from Asia, following up on their visit in May.
Mike Ryan, Premier Technology, Inc. owner: "Two of my partners are in Taiwan right now following up from the last
Evidence recovered in Mexico killings: reports
Investigators in Mexico recovered evidence from the body of an Ontario woman who was brutally slain along with her husband at a luxury resort, media reports say.
The Toronto Sun is reporting that investigators lifted traces of hair from Nancy Ianiero's hand before her body was returned to Canada.
Ianiero, 55, and her husband Dominic, 59, had their throats slashed last month at a five-star resort on the Mayan Riviera, where they had gone to attend their daughter's wedding.
The hair sample is being analyzed by a laboratory in Mexico City and is believed to belong to the
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