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Ternium chairman urges Mexican energy reform to favor domestic content

Wednesday, 04 June 2014 01:12:48 (GMT+3)   |  
       

Ternium Mexico’s chairman, Máximo Vedoya said this week that incentives to participate in the energy sector are attractive to both domestic and foreign investors, but domestic incentives should take priority.

Interviewed at the conclusion of the Third Regional Meeting on Energy Reform, Vedoya said that the elements of reform to boost the private sector are very similar to local and foreign capital, but 25 percent of content of local goods and services is insufficient. “Local content in the field of energy is very important because in other countries it reaches levels between 60 and 70 percent,” he said.

Vedoya continued, saying that it is essential that the reform promotes the domestic industry, especially the portion that is heavily dependent on inputs.


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