#VENTANAS CUPRUM ELITE UPGRADE#

The Company and each of its four subsidiary holding companies, are (В“IMSALUMВ”), one for each business segment. The Company is a holding company, which owns 100% of each of the following four subsidiary holding companies: IMSA ACERO S.A. Opportunities to expand its product lines, geographic markets and customer base in all of its business segments. The Company continually evaluates strategic

#VENTANAS CUPRUM ELITE UPGRADE#

Million) in capital expenditures to make acquisitions, expand its capacity, upgrade its facilities, increase operating efficiencies and productivity, and increase its portfolio of value-added products.

From 2001 through December 31, 2003, the Company invested approximately Ps 5,665 million ($504 Investments, including acquisitions, internal expansion, joint ventures and other initiatives aimed at expanding the CompanyВ’s products and markets. Since the second half of the 1980В’s, the Company has grown through a series of strategic Foreign company and export sales accounted for approximately 54% of theД¬ompanyВ’s consolidated net sales in 2003. The Company has expanded internationally by increasing exports as well as by adding manufacturing facilities in South and Central America and the United States. In 2003, the Company had consolidated net sales of Ps 31,230 million ($2,779 million) and operating income of Ps 2,459 million GRUPO IMSA SA DE CV - 20-F - 20040630 - COMPANY_INFORMATIONДiversified industrial companies in Mexico in terms of sales (based on information published by the Mexican Stock Exchange and by business magazines such asДЇour segments: steel processing products (approximately 47% of consolidated 2003 net sales), steel and plastic construction products (approximately 28% of consolidated 2003 net sales), automotive batteries and related products (approximately 15% ofД¬onsolidated 2003 net sales), and aluminum and other related products (approximately 10% of consolidated 2003 net sales). The following is an excerpt from a 20-F SEC Filing, filed by GRUPO IMSA SA DE CV on.

GRUPO IMSA SA DE CV - Annual and Transition Report (foreign private issuer) (20-F) Item 4 Information on the Company

Ventanas cuprum elite