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Engine
block production line, Windsor, Canada. |
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During the first half of 2000, the company
had an excellent performance and posted record EBITDA.
Nevertheless, in the second half of the year, the drop in international
steel and petrochemical prices, and a huge increase in the cost of energy,
affected the financial results of the company.
ALFA decided to reconfigure its portfolio by focusing on those of its businesses
with the greatest prospects for growth and profitability: PTA, coated steel,
nylon and Lycra®, food and auto components. Nemak incorporated two
aluminum auto components plants in Canada acquired from Ford.
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