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ICA » Topics » Our performance is tied to Mexican public-sector spending on infrastructure and industrial facilities.This excerpt taken from the ICA 20-F filed Jul 17, 2006. Our
performance is tied to Mexican public-sector spending on
infrastructure and industrial facilities.
Our performance historically has been tied to Mexican
public-sector spending on infrastructure facilities and to our
ability to bid successfully for such contracts. Mexican
public-sector spending, in turn, generally has been dependent on
the state of the Mexican economy. In the past, public sector
spending has tended to decrease in election years, and we expect
this will occur in 2006. A decrease in public-sector spending as
a result of a deterioration of the Mexican economy, changes in
Mexican governmental policy, or for other reasons are likely to
have an adverse effect on our financial condition and results of
operations.
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