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Mexico police storm steel plant, 2 shot dead

Mexico police storm steel plant, 2 shot dead Hundreds of Mexican police stormed a major steel plant on Thursday to force out striking workers in a violent clash that spilled onto the streets and left at least two workers dead. Steel workers and police with riot gear and shields fought a pitched battle at the Sicartsa complex, which has been closed for three weeks by workers defending a union boss whom the government accuses of graft. Dozens were injured when some 600 police moved in firing tear gas canisters early in the morning at the plant in the western state of

Mexico’s Imsa to spin off units, list new company

Mexico's Imsa to spin off units, list new company Mexican conglomerate Imsa plans to spin off its plastics and aluminum units and list them in a new holding company on the local bourse, a restructuring that separates out its steel business. Imsa said its plastics and aluminum subsidiaries, which make products like frames and ladders for the construction industry, will form a new company called G2, according to a prospectus published on Friday. Shares of Imsa (IMSAUBC.MX: Quote, Profile, Research), which also processes steel for the auto and construction industries, soared on the split news. Shareholders of Imsa will receive one share of

Mitsubishi to Build Power Plant in Mexico

Mitsubishi to Build Power Plant in Mexico Mitsubishi Corp. of Japan signed a contract to build a $611-million coal-fired power plant for Mexico's government-owned electricity company. The plant will have the capacity to generate 651 megawatts of power and will take three years and eight months to complete, the Federal Electricity Commission said. Mitsubishi will begin construction on the plant, in the southern state of Guerrero, on May 31, the commission said. Soure: latimes.com

La Torre Latinoamericana : Mexico City

La Torre Latinoamericana In the corner of Cardinal red Madero and Lazaro (before San Juan de Letrán) the famous Latin American Tower, the building upper of the country is until the construction of the tower of PEMEX. To the north the Palace of Beautiful Arts can be admired, imposing construction of marble of Carrara that lodges in its interior murals of Creek, Orozco, Siqueiros, Tamayo and González Camarena. Next to the palace is the Central Tree-lined avenue with the Chamber to Juárez in its South part. A street advanced sees the recent Seat of Solidarity. The Latin American Torre is

Mexico stocks hit record close

Mexico stocks hit record close Mexico's stock prices rallied Monday after a sluggish start to a third straight record-high close, continuing to benefit from lower domestic interest rates and a spate of positive U.S. economic readings. The IPC index of 35 leading issues closed up 0.7%, or 120.07 points, to 17271.06. Volume was 124.3 million shares worth 2.25 billion pesos. IPC heavyweight America Movil L shares rose 1.7% to 15.84 pesos, also a record, and fixed-line company elmex L shares (TMX: , , ) (GMK:, , ) added 1.4% to 12.33 pesos. Copper mining and railroad company Grupo Mexico B shares

Bayer Will Invest 100 Million Euros in Mexico Through 2008

Bayer Will Invest 100 Million Euros in Mexico Through 2008 Bayer AG, Germany's second-biggest drugmaker, will invest about 100 million euros ($122 million) through 2008 to boost its health-care and plastics businesses in Mexico, where the company's sales have doubled over the past 10 years. Sales in Mexico are growing at almost twice the pace of Bayer's revenue elsewhere in Latin America, the Leverkusen, Germany-based company said today in an e-mailed statement. Revenue in Mexico rose 44 percent during the first six months of the year to 285 million euros, it said. ``Mexico has assumed the role of growth driver for

Three dead in acid vapor leak at Mexico Pemex plant

Three dead in acid vapor leak at Mexico Pemex plant Three workers died on Sunday when condensed sulphydric vapor escaped at a natural gas processing plant in northern Mexico owned by state energy monopoly Pemex, the civil protection agency said. Two others were hospitalized after the accident at the plant in Ciudad Madero in Tamaulipas state, across the border from Texas, said Salvador Trevino, director of the state civil protection arm. "A leak of sulphydric acid began in the battery area. There were three Pemex maintenance workers in the area who lost their lives," he said. Pemex said in a statement that a hose

May & Scofield has 38 employees, will consolidate with Mexico plant

May & Scofield has 38 employees, will consolidate with Mexico plant May & Scofield's closing means it is offering the community back some of its best workers. "We have a workforce here anyone in the community should be welcome to," said Madison Plant Manager Scott Finck. "We're offering the community back some of its best. Anyone would be lucky to have them." In an announcement Monday, May & Scofield Company Chairman Rick Scofield said the Madison plant will be closing at the end of February. The company plans to merge the Madison operation with May & Scofield's facility in Acuna, Mexico. May &

Tequila Sauza Bottling Plant: Guadalajara

Tequila Sauza Bottling Plant: Guadalajara We are in process of collecting information about this sight....

Volkswagen plans to build new model at Mexico plant

Volkswagen plans to build new model at Mexico plant Volkswagen AG, Europe's largest car maker, plans to build a new stationwagon in Mexico from the end of 2006, but with output planned at below capacity, the vehicle will not require a new plant. Francisco Javier Garcia Sanz, VW's (VOWG.DE: Quote, Profile, Research) global head of purchasing, said on Tuesday that Volkswagen had selected Mexico to be the sole producer of the Jetta stationwagon, known in Europe as the Golf stationwagon. Otto Lindner, chairman of Volkswagen Mexico, said the plans for the new vehicle were part of the company's previously stated $2