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  • Aeromexico, Interjet and Volaris receive supplies from Leon
  • Chihuahua looking in Canada for aerospace investment.
  • Aerospace companies will invest in Mexico
  • Aerospace cluster strengthened by the execution of the Mexico-France Agreement
  • Penjamo wants to enter into the industrial activity with a new park
  • Eight companies from India will invest in Jalisco
  • ZKW breaks ground in Guanajuato Inland Port
  • The Government will invest US$909.10 million in the Merchant Marine for the energy boom
  • Audi inaugurates Specialization Center in Puebla
  • Halla Visteon Climate Control expands its operations in Chihuahua
  • Aeromar Carga expands its terminal in Mexico City International Airport
  • Volvo and Scania analyzing investing in Durango
  • Cisco will strengthen investment in domestic manufacturing
  • Artecola kicks-off operations in Leon, Guanajuato
  • Chinese companies will invest in Mexico
  • Thirty Mexican companies are interested on bidding for the construction of NAICM
  • Gulfstream presents a new family of aircraft
  • Hangar being built in UNAQ
  • Tecma Group Mexico Manufacturing Mobile App Now Available
  • Aeromexico and its workers union reach an agreement
  • 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