PETROCHEMICALS: Ultrapar to enter into Mexican market
from investNews
SÃO PAULO, 7/18/03 - Ultrapar Participações has signed a contract worth US$11 million to buy the chemical division of the Mexican group Berci (Canamex). With the purchase, Ultrapar hope to increase their presence in the specialist chemicals sector in Mexico and create a production and distribution network for the United States. Canamex has 2 facilities in Mexico, with a production capacity of 52.8 thousand tones per year. Financial volume in 2002 was US$19 million. (Darren Links - Gazeta Mercantil/ Gustavo Viana)
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