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  • Aerospace engineers wanted
  • Investment for US$374 million in the State of Mexico announced
  • Axalta will invest US$10.5 million to increase production in Mexico
  • Presidentís airplane delivered
  • Private investment for US$384 million in new industrial parks at Guanajuato
  • Amistad joins Nortekís Divisions CES Group and Nordyne Ribbon Cutting Ceremony: July 2014
  • Amistad & Gentherm host Ribbon Cutting Ceremony: August 2014
  • OMA supports its growth on hubs and stakeholders
  • Ten companies are interested in investing in Coahuila
  • Ferromex invests in railroads network
  • Puebla will have new industrial parks
  • Businessmen announce investments in the energy sector
  • Nuevo Leon, at the wheel of automotive innovation in Mexico
  • Queretaro advances in the aeronautics sector
  • TMM wants to boost ships construction in Tampico shipyard
  • GM will produce their compact model Cruze in Mexico in 2016
  • Coahuila will have more industrial parks: Ruben Moreira
  • Mexico-China fund for US$5 billion to be created
  • Amistad Desarrolladores grows with the automotive industry
  • Mars inaugurates the expansion of their plant in Jalisco
  • Weak outlook for urban developers

    Monterrey, Mexico.- After weak financial results reported for the second quarter by urban developers in Mexico, the industry will most likely have a negative performance in coming quarters, Barclays Capital estimates in a report. Barclays Capital said that generating free cash flow is one of the main objectives to be reached by these companies, which are struggling to fulfill new government regulations on standards to sell homes with a subsidy. Barclays cut down their target price for Homex shares from MXP$54 to MXP$33, while for Geo it went from MXP$21 to MXP$19. For Urbi they are forecasting MXP$12 per share, compared to previous estimates of MXP$27. For ARA, Barclays Capital considers the price per share in the next 12 months will be MXP$5. Barclays Capital said that political uncertainty and unwillingness to support developers will be the main factors for the negative outlook.
    Source: El Norte | Date: 07/08/2012