Group items tagged

"Spanish energy company Iberdrola is to invest €365m to grow in Mexico's booming wind-power market at a time when other international firms are also rushing to muscle in Latin America's second-largest economy"

The US Copper and Brass Fabricators Council has reported a 15.7% m-o-m increase in the US brass mill products trade deficit, taking net imports to 19.9Mlbs in March 2011. The principal suppliers to the US were Germany and South Korea, whereas most US shipments were to Canada, Mexico and China. The segment which saw the largest increase in trade deficit was flat rolled products which reached 6.5Mlbs in March, up from 3.8Mlbs in the previous month. In addition, the trade deficit of rods, bars and sections rose, whereas tube as well as alloy wire both experienced greater monthly gains in exports compared to imports.

It was reported that Sumitomo Electric Industries Ltd., will invest ¥63.0M into its automotive business unit in FY 2011. The company plans to setup subsidiaries in the early part of the financial year in the Philippines and in Cambodia with the aim to make wiring harnesses at lower cost. Sumitomo has also earmarked some of the funds for expanding the production capacity at its manufacturing facility in Mexico in order to meet demand.