such as LATAM Airlines Chile, LATAM Airlines Peru, LATAM Airlines Argentina, LATAM Airlines Colombia, LATAM Airlines .. In accordance with the Ley sobre Sociedades Anónimas No. 18, 26, , , Items 1 – 6 the financial and insurance system, overseas, located in Peru, in case of is not applicable for the obligations constituted in favor of a. of time before the inventory required by law 26, is finished and both projects are cautelares-que-frenaban-la-aplicacion-de-la-Ley-de-Glaciares/ . the case of Barrick Gold Corporation enLatinoamérica (Chile, Peru and.
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Inventories of finished products, work in progress and by-products are valued at production cost including direct and indirect manufacturing costs plus price-level restatement.
Director, Inversiones y Rentas S. They are also used in curtain walls and industrial applications in durable goods such as refrigerators and ovens. In Chile as of Decemberthe Company had permanent employees and 20 temporary employees.
Painted profiles are also used in the construction sector. In addition, the Company decided to boost its sales and marketing department, comprised of 10 employees focused on the sale of local production to over active clients including imports from Madeco Chile.
However, the Company can access other available sources when price and delivery terms are more favorable. Public sector Net 2. Consequently, the results obtained by the two institutions diverge due to timing differences, even though they leh the same measurement methodology. GAAP require management to make certain estimates and assumptions, as some of the amounts reported in the financial statements are related to matters 266339 are inherently uncertain.
The NYSE listing standards provide that listed companies must adopt and disclose corporate governance guidelines with regard to a director qualifications standards; b director responsibilities; c director access to management and independent advisors; d director compensation; e director orientation and continuing education; f management succession; and g annual performance evaluation of the board.
Chairman, Inversiones y Rentas S. The Company is dependent on a limited number of suppliers for the procurement of copper and aluminum. Madeco sells the bulk of its coin products to countries outside Chile; export sales represented The Company has been able to consolidate its relationship with distributors by using a stock consignment system.
Peru has five free trade zones, but only the Tacna zone is economically active. Moreover, given that the Company has four large flexible packaging plants, one in Chile, one in Argentina, and two in Peru, Alusa is considered to be one of the few companies capable of producing consolidated regional packaging requirements for large manufacturers.
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Finally, on October 1,both Peruvian subsidiaries were merged under the name of Peruplast S. The Company regularly reviews inventory quantities on hand and records an allowance for obsolescence based upon inventory turnover, aging, specific physical conditions by type of inventory considering current expectations of future product demands and production requirements.
Jurisdiction of incorporation or organization. The Company does not have any other stock option or other programs involving employees in the share capital of the Company.
There are currently no legal or administrative proceedings pending against the Company with respect to any regulatory matter, and the Company believes that it is in compliance in all material respects with all applicable statutory and administrative regulations with respect to its business.
National Institute of Statistics. There is a head of sales and eight salesmen, six of whom are located in Buenos Aires, one 266639 Cordoba and the other in Rosario.
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We will issue the bonds only in denominations of U. Total private sector debt. Chile is dependent on foreign supply of energy sources such as oil, natural gas and fuel derivatives. Projected real GDP growth. The Company does not disclose to its shareholders, or otherwise make public, information regarding the compensation of its individual executive officers, nor is it required by Chilean law.
As a result of its investment in 9. lry
The Company also manufactures aluminum sheets, which are mainly used for packaging products for the mass consumer market as well as ducts. The Company also sells profiles to ten large accounts which participate in the curtain wall industry as well as in window and patio door production.
Based on a survey of tourists. The Chilean and the Argentine subsidiaries each have a production plant and the subsidiary located in Peru has two facilities. Therefore, although the Company periodically reviews the accuracy of its forecasts of future product demands, any significant unanticipated change in demands or technical developments could have a significant impact on the realizable value of its inventory and reported operating results.
Within the Flexible Packaging unit, the average payment period remained stable at approximately 95 days in 97 days in The Bonos Soberanos offering was made exclusively by a separate offering memorandum. Its products are custom -made and offer important competitive advantages over those of the competition. This summary highlights information presented in greater detail elsewhere in this prospectus supplement and the accompanying prospectus.
The last strike, which occurred on Augustlasted 20 days and included employees.
According to Decree No. The Company attempts to maintain close relationships with each of its major customers and devotes substantial efforts toward developing strong long-term relationships. The Ministry of Labor undertakes its poll in the third quarter of each year while the National Institute of Statistics has an on-going poll that is updated on a consistent basis.
Under Chilean GAAP, goodwill is depreciated on a straight line basis over its useful life and should be reviewed for impairment when events or circumstances, such as recurring losses indicate let possible inability to realize the carrying amount of the asset.
Table of Contents Description of the Securities. The collective bargaining agreement does not contain any limitation regarding the total amount that may be oey to the employee in terms of years or remunerationsbut establishes a maximum number of employees per year that may voluntarily terminate their contracts and claim severance benefit.
Inrevenues decreased by 1. After this lsy, a profile can be sold without further processing, this is called a mill finished aluminum profile, or it can go through the anodizing or painting processes. The Company uses the metric system of weights and measures in calculating its operating and financial data. This notice must include the price to be offered per share and the conditions of the proposed transaction, including the expected manner of acquiring the shares.
However, the Company is well positioned to provided a wide range of refrigeration and air conditioning tubes to satisfy the growing regional demand. Gold and copper accounted for They also include copper sulfate sales from Indeco. Although demand has been effectively concentrated in the hands of a few key players, the Chilean industry has, in many cases, been able to maintain its market share or, in some cases, even increase it.
This increase was primarily driven by growth in the commerce, financial services, business services, communications, and leg services including electricity, water and gaswhich grew by 4. The Profiles division in Chile had permanent and 25 temporary employees. The Company believes that it has complied with the requirements of Article 89 and Article 44 in all transactions with related parties.