CV Industries, Inc. history

Sales dropped 65 percent in 1982.

By 1979 the maquiladora industry was employing 106,000 people on the Mexican side of the United States border. Its director general was Francisco Barrio, who worked closely with Elamex and, from 1983, ran his own construction company, Constructora Lintel.

Wayne Coleman, CVI’s current Chairman, founded Coleman International in 1984.

By early January of 1985, Coleman International had been incorporated and received its FMC license to act as a freight forwarder.

By 1988 Bufete was conducting 750 projects in many areas of industry, including chemicals, petrochemicals, petroleum, sugar refining, pulp and paper, textiles, food, electrical energy, hydraulics, public transportation, and urban development.

Net sales came to $50.9 million in 1991.

In 1993 Elamex was also 12th among Mexican importers, indicating the high volume of raw materials, equipment, and machinery being obtained for its shelter operations.

The 1994 purchase of Chilean general contractor Empresa de Obras y Montajes Ovalle Moore, S.A. won it many lucrative contracts in Chile's booming mining, engineering, and construction markets.

1995: Now offering more than assembly, Elamex is the largest shelter operator in Mexico.

In 1997 Bufete formed a unit focused on the disposal of medical waste.

In 1998 General Electric International Mexico, S.A. de C.V. acquired a 49 percent interest in Elamex's plastic molding and stamped metal operations in Ciudad Juarez for about $3.5 million.

Bufete's backlog of work in early 1999, according to the company, included mineral-metallurgical, chemical, petrochemical, and pharmaceutical projects, electrical cogeneration plants, a variety of manufacturing plants, and the construction of a new building for General Motors Mexico.

In addition, the strong performance of the Mexican peso in relation to the United States dollar in 2001 had caused production costs on the Mexican side of the border to rise.