Dell to build plant to boost Latin presence

Article Abstract:

An observer states that Dell Computer Corp. is planning to build an assembly plant in Rio Grande do Sul, Brazil, The observer, an official familiar with Dell's negotiations, stated that the company plans to use the plant as the center of sales in the southern cone of South America, a region that includes Argentina and Chile. The official also stated that Rio Grande do Sul offered Dell tax and financial incentives as well as 140 acres for the plant. Although a Dell official declined to comment on the company's plans in Brazil, Dell is expected to invest $125 million over a five-year period in its Brazilian operations.

Comment:

Observer states that Dell Computer plans to build an assembly plant in Rio Grande do Sul, Brazil

Electronic Computer Manufacturing, New capacity, new plant construction, Computers & Auxiliary Equip, Brazil, Channels of Distribution, Dell Inc.

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Sumitomo to pay out $42.5 million to settle copper class action

Article Abstract:

Two class action lawsuits which had been filed in California against Sumitomo Corp. for alleged antitrust violations in 19 US states have been settled for $42.5 million. The settlement of the cases, which stem from unauthorized copper-trading activities in the US by the Japanese company, still must be approved by the US Commodity Futures Trading Commission. Sumitomo has announced that it will report a special $37.9 million loss for the first half of the fiscal year due to the settlement of the lawsuits.

Comment:

Has settled 2 class action lawsuits for $42.5 mil related to alleged antitrust violations for unauthorized copper-trading

Japan, Diversified Companies, General services, Sumitomo Corp.

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Easy Latin loand dry up as underwriting dims: Mexico's Grupo Bimbo finds it must spruce up terms to obtain new financing

Article Abstract:

Baked goods company Grupo Industrial Bimbo SA (Bimbo) had no difficulty obtaining loans in 1997, but that era of easy loans is over for Latin American companies. When Bimbo tried another syndicated bank loan in June 1998, to pay for its acquisition of a Texas baked goods company, four out of five of the "relationship" banks did not sign on. Some of the banks said that they were changing their Latin American focus, while others had problems with limits in Latin America

Comment:

Had no difficulty obtaining loans in 1997 but era of easy loans is over for Latin American cos

Financial management, Retail Bakeries, Mexico, Retail Bakeries (Mfg & Sales), Bakeries, Grupo Industrial Camesa S.A. de C.V.

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