"THE ONLY THING NECESSARY FOR THE TRIUMPH OF EVIL IS FOR GOOD MEN TO DO NOTHING"
--Burke

Wednesday, September 2, 2009

Hon Hai (Foxconn) shows record profits (So does Grupo Mexico)

" 'The Mexico [Tijuana/Baja] site is Sony’s main TV production base, and selling that suggests the company may be selling other smaller sites.'
— Kota Ezawa, Citigroup analyst" [Citigroup is an ASARCO principle bondholder, and Foxconn has become the anchor-maquiladora for the new international city being built within the toxic-shadow of the El Paso ASARCO smelter]

"Hon Hai, the world’s largest contract maker of electronics, gained 6.8 percent to close at NT$118.5 on the Taipei Stock Exchange, the highest level since Aug. 29 last year. The company on Monday posted its first profit increase in five quarters, beating analysts’ estimates. Second-quarter net income rose 27 percent to NT$15.1 billion (US$460 million) from a year earlier."

[both Grupo Mexico and Hon Hai are showing recent record profits.  Meanwhile, the community of El Paso Texas gets @52 million to "remediate" 110 years of Asarco's legal and illegal incineration activities -- many of the remaining contamination has NOT BEEN DISCLOSED.  The EPA has documentation saying that contamination is in our Rio Grande, the Hueco bolson, our soils and redistributed through our airshed.]

http://www.taipeitimes.com/News/biz/archives/2009/09/02/2003452602

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