Mexico’s Vulcan Materials seizure ‘has potential’ to harm future investment: National Security Council

  • 📰 aldotcom
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The National Security Council this afternoon released a statement on the reported seizure of Birmingham’s Vulcan Materials’ terminal on the Yucatán Peninsula.

“We are aware of the reports and are always concerned about the fair treatment of our companies in Mexico. We speak regularly with Mexican officials about our expectation that U.S. companies be treated fairly and in accordance with all trade obligations. We also note that failure to do so has the potential to impact our ability to achieve our shared vision for improving livelihoods in one of Mexico’s most economically disadvantaged regions and Mexico’s ability to attract future investments.

Vulcan Materials also says that workers from Mexican-based building materials company Cemex were part of the takeover. Reforma newspaper published video footage showing police cars and vehicles branded with Cemex’s logo entering the plant.the dispute is just the latest chapter in a dispute between Vulcan and the Mexican government over the installation, which has been shuttered since last May.

If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 82. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines