Word: ica
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Mother Hen. The work was started in mid-1967 by Quintana's Ingenieros Civiles Asociados (ICA), which owns outright or has an interest in 33 firms in Mexico. The ICA group employs 30,000 people, more than any other private enterprise in Mexico, and had sales of $220 million last year, the equivalent of 1% of the country's gross national product. Outside Mexico, it is engaged in heavy construction work in Guatemala, Honduras and Nicaragua...
Quintana, 49, started ICA 22 years ago with shoestring capital of $8,000 and the cooperation of 16 fellow engineers aged 23 to 28. He staked the firm's future on a public-housing project and completed the job ahead of schedule. He thus began a close association with the government, which remains ICA's best customer...
Soon realizing that virtually all construction equipment had to be bought abroad, Quintana expanded by setting up, by himself or in cooperation with foreign firms, other companies to manufacture the materials and machinery he needed. Says Quintana: "ICA has become a mother-hen company that creates everything and has its own chickens and eggs around it." Among the results of that policy are Industria del Hierro, a machinery producer in Querétaro, and partnerships with a dozen European and U.S. firms-including Link-Belt Speeder Co., now a division of FMC Corp. of California...
...convention. She yielded to the tyranny of official paper only once thereafter - when she married her Rus sian lover in order to bring him into the U.S. Between those parentheses, she ransacked the temples of Hellenic culture, switched from dresses to togas and from shoes to scandals. In Amer ica, the bourgeois dismissed her as a wan ton. It was in Europe that she won her recognition - and lost her life when her trailing scarf wound around a racing-car wheel. Her last words seem written in art-nouveau script: "Adieu, mes amis, je vais à la gloire...
...there are 20. Their total assets are still quite low - less than 1% of the $24 billion of the Bank of Amer ica, the nation's largest - and their performance has been less than sparkling...