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Another port deal: Mexico, China, Wal-Mart.(Hutchison Whampoa Ltd. partnered with Wal-Mart Stores Inc. for expansion of Mexican port)(Brief article)

The New American

| March 20, 2006 | COPYRIGHT 2006 American Opinion Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Hong Kong-based shipping company Hutchison Whampoa Ltd. and retail giant Wal-Mart Stores Inc. are partners in a new $300 million expansion of Mexico's Pacific port of Lazaro Cardenas, according to a February 12 report from Reuters news service. Since U.S. west coast ports are becoming clogged with container ships filled with made-in-China goods, Wal-Mart and its Chinese suppliers are looking for new ports to bring their wares into the United States. The expansion project, reportedly, would increase Lazaro Cardenas' current annual handling capacity of 100,000 containers to 700,000 containers over the next couple years, with possible expansion to two ...

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