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BUSINESS
May 26, 1994 | From Times Staff and Wire Reports
Inland Steel Forms Joint Venture in Mexico: Chicago-based Inland Steel Industries Inc. said its Inland International Inc. Unit and Mexican steel company Ahmsa have formed a joint venture company, Ryerson de Mexico, designed to provide materials management services to the Mexican industrial products and construction markets. Ahmsa, or Altos Hornos de Mexico, is a unit of Grupo Acecero del Norte. The parent companies will each own 50% of the venture.
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BUSINESS
May 26, 1994 | From Times Staff and Wire Reports
Inland Steel Forms Joint Venture in Mexico: Chicago-based Inland Steel Industries Inc. said its Inland International Inc. Unit and Mexican steel company Ahmsa have formed a joint venture company, Ryerson de Mexico, designed to provide materials management services to the Mexican industrial products and construction markets. Ahmsa, or Altos Hornos de Mexico, is a unit of Grupo Acecero del Norte. The parent companies will each own 50% of the venture.
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BUSINESS
March 8, 1990 | From Reuters
The government announced plans Wednesday to sell off Mexico's two leading state-owned steel companies as part of its sweeping privatization program. A statement from the Planning and Budget Ministry said the decision to privatize Altos Hornos de Mexico and the Lazaro Cardenas-Las Truchas steel complex was in keeping with a worldwide trend toward private sector control of the steel industry.
BUSINESS
November 23, 1991 | JUANITA DARLING, TIMES STAFF WRITER
In what is expected to be Mexico's last major divestiture, the government Friday agreed to sell for $885 million in cash and debt three companies that produce more than half the nation's steel. As part of the sales agreements, investors pledged to invest $585 million in upgrading two of the companies, including installation of anti-pollution equipment. The sales will mark the end of a dramatic--but costly--government effort to compete with private enterprise in basic industry.
BUSINESS
May 4, 1989 | From the Associated Press
Employees of the Altos Hornos steel plant in the northern city of Monclova have agreed to the dismissal of 4,558 workers, the government newspaper El Nacional reported.
BUSINESS
November 23, 1991 | JUANITA DARLING, TIMES STAFF WRITER
In what is expected to be Mexico's last major divestiture, the government Friday agreed to sell for $885 million in cash and debt three companies that produce more than half the nation's steel. As part of the sales agreements, investors pledged to invest $585 million in upgrading two of the companies, including installation of anti-pollution equipment. The sales will mark the end of a dramatic--but costly--government effort to compete with private enterprise in basic industry.
BUSINESS
March 8, 1990 | From Reuters
The government announced plans Wednesday to sell off Mexico's two leading state-owned steel companies as part of its sweeping privatization program. A statement from the Planning and Budget Ministry said the decision to privatize Altos Hornos de Mexico and the Lazaro Cardenas-Las Truchas steel complex was in keeping with a worldwide trend toward private sector control of the steel industry.
BUSINESS
May 4, 1989 | From the Associated Press
Employees of the Altos Hornos steel plant in the northern city of Monclova have agreed to the dismissal of 4,558 workers, the government newspaper El Nacional reported.
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