Filed Pursuant to Rule b 2. Registration No. The information in this preliminary prospectus supplement is not complete and may be changed. A registration statement relating to these securities has been filed with the Securities and Exchange Commission.
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Kecage In Argentina, the Company expects to continue with its current level of production for the local market, developing markets such for refrigeration tubes, industrial water pipes and tubes used in heat exchangers. Madeco has adopted a code of business conduct and ethics that applies generally to all of its executive officers and employees.
This summary highlights information presented in greater detail elsewhere in this prospectus supplement and the accompanying prospectus and in the documents incorporated by reference. Demand has become concentrated as a consequence of mergers and acquisitions of companies of mass consumer products. Description of the Securities. In total, the primary sector contributed Imports of goods and services.
Guzilkree Production of aluminum profiles begins with aluminum billets that are heated and pressed at high pressure rates against a steel die which has been cut according to the desired shape of the final product. These rules can only be modified by law. It is not necessary to hold shares of the company to be elected a director, and there is no age limit established for the retirement of directors. Workers in Peru are subject to a national pension fund law, which establishes a system of pension plans administered by AFPs.
Operations are Subject to Environmental Laws and Regulations. Exports of goods and services. Flexographic printing process requires a polymer plate one for each color with the design to be printed, that is wrapped around a metallic cylinder. It is not practicable for Madeco to determine the portion of its common stock or ADSs beneficially owned by U.
Inthe Chilean Congress set aside a long-standing initiative started in to abolish the Copper Reserve Law. The Company began the international expansion of its flexible packaging business in with the creation of Aluflex and the greenfield construction of a plant in San Luis, Argentina. InColada Continua Chilena S. Disbursements to the public sector. No person is authorized to make any representation or give any information not contained in this prospectus supplement, the accompanying prospectus or the documents incorporated by reference in this prospectus supplement and the accompanying prospectus.
The Argentine economy has since stabilized as a result of measures adopted by the Argentine government, including restrictions on bank deposits and withdrawals, exchange controls, suspension of payments of external debt and the abrogation of Argentine peso convertibility. At the end ofthe Brazilian aluminum profiles manufacturer Alcoa installed a distribution office in Chile. The Company is dependent on a limited number of suppliers for the procurement of copper and aluminum.
Inselling, general and administrative expenses increased by Because of the reduction in inflationary pressure resulting from this more stable price environment, the government believes that the inflation rate will converge to the target rate set by the Central Bank. The shareholders must be notified in writing of the receipt of the report.
In Argentina, capital expenditures were not material. With regard to exports, a total of Enrique Sotomayor has served as legal counsel and secretary of the Board of Directors since In this respect, the Company implemented a strategic plan with architects and real estate developers, with the purpose of increasing requirements of branded systems in new construction projects. Accordingly, the Company anticipates that additional laws and regulations will be enacted over time with respect to environmental matters.
Chilean law does not permit cumulative voting. The Company believes that the accounting estimate related to asset impairment is critical because it requires management to make assumptions about future sales and cost of sales over the estimated useful life of its property, plant and equipment, and to estimate net realizable values of inactive assets classified in other assets.
This was offset by increases in salaries principally psru Brazil and Chile and manufacturing costs energy, fuel, spares, etc. The most common packaging types are single-layer and multi-layer, coextruded barrier films, doy pack containers and metallized films. Director, Inversiones y Rentas S.
There can be no assurance that the ADS depositary will be able to convert any currency at a specific exchange rate or sell any property, rights, shares or other securities at a specific price, or that any of such transactions can be completed within a specific period of time.
Nexans shares are traded on public markets and thus highly fungible, which allows for the rapid liquidation of such shares if the Company needs cash. The bonds will bear interest at the rate of 5. In Colombia, investments included the increase of lye production capacity. A total of 53 employees were represented by two unions.
The Central Bank continues to pursue monetary policies aimed at ensuring that actual inflation remains within the target range. Proceeds to Peru before expenses and excluding the underwriting fee 3. These include regulations to ensure sanitary and safe conditions in manufacturing plants. The Company maintains forward foreign exchange contracts and foreign exchange swap contracts to cover the risks of fluctuation in exchange rates between the Chilean peso, US dollar and other currencies and changes in the interest rates.
The Company prru utilizes interest rate swap agreements to manage interest rate risk on its floating rate debt portfolio. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website.
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LEY 26639 PERU PDF
During the past ten years, the Company has not experienced any substantial difficulties in obtaining adequate supplies of necessary raw materials at satisfactory prices nor does it expect to do so in the future. External savings, as a percentage of GDP, increased to 6. The following table shows the total number of shares authorized and paid as of December 31,and The NYSE listing standards provide that listed companies must adopt and disclose corporate governance guidelines with regard to a director qualifications standards; b director responsibilities; c director access to management and independent advisors; d director compensation; e director orientation and continuing education; f management succession; and g annual performance evaluation of the board. Forward-looking statements are statements that epru not historical facts. The Company does not believe that it is dependent on any one supplier for a significant portion of its important raw materials for its Flexible Packaging production. The Company also has operations in Argentina and Peru.
Kecage In Argentina, the Company expects to continue with its current level of production for the local market, developing markets such for refrigeration tubes, industrial water pipes and tubes used in heat exchangers. Madeco has adopted a code of business conduct and ethics that applies generally to all of its executive officers and employees. This summary highlights information presented in greater detail elsewhere in this prospectus supplement and the accompanying prospectus and in the documents incorporated by reference. Demand has become concentrated as a consequence of mergers and acquisitions of companies of mass consumer products. Description of the Securities. In total, the primary sector contributed Imports of goods and services.