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Aguascalientes, Mexico— Frisco, the mining corporation member of Grupo Carso, property of Carlos Slim, will invest MXP$2.5 billion at the State of Aguascalientes, generating 9,000 direct and indirect jobs in “EL Porvenir” mining zone, where gold, silver and zinc are mined.
Justo Wong Salinas, Frisco’s CEO, visited Aguascalientes and said that the purpose of this project is transforming the mining district into the most important and productive mine in Mexico.
He informed that the investment will amount to MXP$2.5 billion, of which MXP$1.6 billion have already been invested and that up to 1,500 direct jobs and 7,500 indirect jobs may be generated. From such jobs, 83% will be strictly for people living near the deposit, while 15% will be positions assigned to people from the region.

Mexico City,- Spin Master, the children’s and teenagers’ entertainment company, is arriving to the Mexican market with an initial investment of US$10 million in their first year.

“Our first step is establishing the organization in Mexico, we currently have dealers in several countries in Latin America, but our plan is looking at those countries from Mexico and explore the brands that could be successful in the Region”, said Denis Normand, Spin Master’s International Vice-president.

Spin Master is launching four brands in Mexico: Tech Deck (skateboard replicas), Air Hogs (radio controlled vehicles), Moon Sand (molding sand) and Bakugan (a combat game).

Normand considers that in spite of current difficult economic situation, this is the right time to invest in Mexico. “Mexico represents a market opportunity for Spin Master, due to its size, and it is therefore considered among the top three by large toy companies such as Disney and Mattel; also, Mexican children are eager to have the toys that are most popular elsewhere in the world”.

Terpel, one of the largest fuel and lubricants distributors in Colombia, announced the construction of natural gas service stations in Mexico and Peru, which will require aUS$27 million investment.

The investment in Mexico is estimated in around US$12 million and in Peru it will be close to US$15 million, a spokesman informed, and talked about its internationalization process started a year and a half ago.

The spokesman further said that the Company is interested in entering into the liquid fuel distribution market in Peru, where together with the Peruvian Company Precsa they have eight service stations to sell gas for vehicles.

Terpel also operates in Ecuador and Panama.

The British insurance company Royal & Sun Alliance Group is trying to purchase smaller companies in Brazil and Mexico in order to expand their operations in the Region, its Executive President announced last Monday.

“Yes, we want to have larger presence in Brazil and Mexico and other markets in Latin America”, Andy Haste, the Company’s Executive President, replied when questioned during the Company’s Annual Stockholders’ Meeting.

Haste said he is encouraging other regional executive presidents to look for purchases to close. “If the correct opportunities arise, we want to increase our presence”, he said. He further confirmed that the Company’s goal is doubling by 2010 the net amount for premiums issued by the Company in Latin America in 2005.

“We are confident that even without the purchases we may double the size of our business in Latin America within the next two or three years”, he said. In 2005, the Company registered net premiums issued for £249 million in Latin America.