|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.97 MXN | -0.83% |
|
-2.05% | -12.24% |
| Apr. 23 | Mexico's Alfa swings to profit in first quarter | RE |
| Apr. 23 | Mexico's Alfa swings to profit in Q1 | RE |
MEXICO CITY (Reuters) - Mexican auto parts maker Nemak said on Wednesday it will close a manufacturing plant in Windsor, Canada, by mid-2020 after the loss of a Chinese client.
Nemak, a unit of Mexican conglomerate Alfa, said the Windsor plant represents 1% of its consolidated sales, employs 270 people and produces engine blocks.
"The decision comes on the back of the expected withdrawal from an export program by a client in China, which will lead the plant to use less than 10% of its installed capacity by 2020," the company said in a statement.
(Reporting by Rebekah F Ward; editing by Jonathan Oatis)
| 1st Jan change | Capi. | |
|---|---|---|
| -12.24% | 3.4B | |
| +13.37% | 884B | |
| +0.03% | 239B | |
| +27.44% | 164B | |
| -6.46% | 127B | |
| +35.10% | 79.6B | |
| -4.32% | 74.67B | |
| -14.95% | 51.25B | |
| -24.57% | 38.6B | |
| +23.69% | 33.08B |
ALFA S.A.B. DE C.V. 
