A new growth stage Resolutions
to invest US$ 680 million are approved.
This involves the first stage of the Hylsamex’s
minimill line. Moreover, synthetic fibers operations
are modernized. Galvak began producing steel and
urethane insulated panels and Sigma enters into
dairy business. Hylsamex’s shares are quoted
in the Mexican Stock Exchange.
Acerex
plant, Monterrey.
Expansion into the telecom business ALFA
incorporates Acerex, purchases Univex and Luxor,
and continues expanding its petrochemical and fiber
installed capacities. The United States Agriculture
Department certifies the Sigma plant in Monterrey.
ALFA enters the telecom market under a partnership
with AT&T and Bancomer to create Alestra.
PTA
plant, Altamira, Tamps.
Outstanding results
The strong demand of its products boosted ALFA’s
results in 1996-1997, establishing new records in
revenue and EBITDA. The company approved the investment
of US$ 2,000 million in fixed assets for the 1996-2000
period. The PTA plant at Altamira and Nemak's Plant
III were put in operation.
Steel
coated line at Galvak, Monterrey.
Consolidation After
completing its expansion and modernization program.
ALFA initiated a consolidation period. Investments
were reduced substantially. The company completes
ongoing projects such as the Nemak’s plant
IV.
