|
|
Article: Grupo Simec Announces Preliminary Unaudited Results of Operations for the Year Ended December 31, 2008.(Financial report)
- Article from:
- Science Letter
- Article date:
- March 17, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Grupo Simec, S.A.B. de C.V. (AMEX:SIM) ("Simec") announced its preliminary (unaudited) results of operations for the year ended December 31, 2008 (see also Grupo Simec, S.A.B. de C.V.).
Acquisition of Corporacion Aceros DM, S.A. de C.V.
On February 21, 2008, we entered into an agreement to acquire 100% of the shares of Corporacion Aceros DM, S.A. de C.V. and certain of its affiliates ("Grupo San"), and on May 30, 2008 said acquisition was consummated. Grupo San is a long products steel mini-mill and the second-largest corrugated rebar producer in Mexico. Grupo San's operations are based in San Luis Potosi, Mexico. Its plants and 1,450 employees produce ...