Williams Scotsman Expands Operations in Mexico with Two New Branch Openings
July 18 2007 - 8:00AM
Business Wire
Williams Scotsman International, Inc., a leading international
provider of modular space solutions, has expanded its operations in
the Mexican marketplace, through its Mexican subsidiaries, by
opening two new branch offices in Quer�taro and Tampico. Located in
the Bajio area, Quer�taro is considered the geographic center of
Mexico and the crossroads for imports from the northern border with
destinations to Mexico City and the entire southern half of Mexico.
The area is home to major agriculture and manufacturing plants,
such as General Motors, Nissan and Honda, and PEMEX refineries.
Tampico, part of a dual city with Altamira located in the state of
Tamaulipas, is a crucial area of development for the northern Gulf
region of Mexico, accommodating several petrochemical plants and
refineries, including Dupont. Altamira is an important port to
Mexico�s economy. The new branches officially opened in June and
allow Williams Scotsman to extend its offering of products and
facilities planning as well as design and construction services to
customers located in Mexico - particularly in the petroleum and
manufacturing industries. Geographically, the positioning of the
branches enables a more efficient delivery cost structure for Bajio
area customers while making mobile and modular space more
accessible to Mexico�s oil and petrochemical segments. Adoption of
prefabricated modular buildings continues to be an important trend
within the manufacturing industry. According to an article in the
Houston Chronicle, the aeronautical sector in particular is
expected to play an active role in Mexico�s economy while creating
additional job opportunities. Bombardier Aerospace, the world�s
third largest aircraft manufacturer, recently began construction on
a new plant in Quer�taro. Portable buildings and in-plant offices
offer an efficient solution for manufacturing and transportation
businesses, contributing to effective production timelines, output
and customer satisfaction. �Opening these new branches demonstrates
our commitment to this region of the world and allows us to operate
in close proximity to manufacturing, industrial and petroleum hubs
in the area,� said Nick Polit, general manager for Williams
Scotsman of Mexico. �Customers in the Bajio area will now have
access to a comprehensive set of modular products and services.�
About Williams Scotsman International, Inc. Williams Scotsman
International, Inc., through its subsidiaries, is a leading
provider of mobile and modular space solutions for multiple
industry sectors, including the Construction, Education,
Commercial, Healthcare and Government markets. The company serves
over 30,000 customers, operating a fleet of over 118,000 modular
space and storage units that are leased through a network of more
than 100 locations throughout North America and Spain. Williams
Scotsman provides delivery, installation, and other services, and
sells new and used mobile office products. Williams Scotsman also
manages large modular building projects from concept to completion.
Williams Scotsman is a publicly traded company (NASDAQ:WLSC)
headquartered in Baltimore, Maryland with operations in the United
States, Canada, Mexico, and Spain. For additional information,
visit the company�s web site at www.willscot.com, call (410)
931-6066, or email to Michele.Cunningham@willscot.com. All
statements other than statements of historical fact included in
this press release are forward-looking statements and involve
expectations, beliefs, plans, intentions or strategies regarding
the future. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, it
assumes no responsibility for the accuracy and completeness of
these forward-looking statements and gives no assurance that these
expectations will prove to have been correct. Important factors
that could cause actual results to differ materially from the
Company�s expectations are disclosed under �Risk Factors� and
elsewhere in the Company�s 10-K, 10-Q and other SEC filings,
including, but not limited to, substantial leverage and its ability
to service debt, changing market trends in its industry, general
economic and business conditions including a prolonged or
substantial recession, its ability to finance fleet and branch
expansion and to locate and finance acquisitions, its ability to
implement its business and growth strategy and maintain and enhance
its competitive strengths, intense industry competition,
availability of key personnel and changes in, or the failure to
comply with, government regulations. The Company assumes no
obligation to update any forward-looking statement.
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