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Article: AHMSA DEFAULT BRINGS CONCERNS THAT OTHER MEXICAN COMPANIES MIGHT FOLLOW SUIT.
- Article from:
- SourceMex Economic News & Analysis on Mexico
- Article date:
- June 9, 1999
CopyrightCOPYRIGHT 1999 Latin American Data Base/Latin American Institute. 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)
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The decision by troubled steel company Altos Hornos de Mexico (AHMSA) to suspend payments to creditors has raised some concern that other Mexican companies might take similar actions. AHMSA and its parent company Grupo Acerero del Norte (GAN) received bankruptcy protection from a federal court after defaulting on loan payments totaling more than US$63 million during April (see SourceMex, 1999-05-05).
Construction and engineering company Grupo Bufete had been rumored to be considering similar action, which raised concerns in Mexican and foreign financial markets in late May and early June. The rumors about Bufete came in part from the company's announcement that ...
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Article: Mexico: AHMSA awards Monclova HSM automation ...
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... ... prashant03 Altos Hornos de Mexico SAB de CV has awarded ... project will upgrade AHMSA s hot strip mill to improve ... to the new equipment. AHMSA is the largest integrated steel plant in Mexico. Its corporate offices ... Mexican state of Coahuila. AHMSA operates at an annual ...
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