Mexican chemical and petrochemical firm Mexichem reported profits of US $108 million for the first nine months of 2008, which is relatively level with the same period last year. Mexichem has been busy with acquisitions in the past year, snatching up geotexile-manufacturers Geosistemas de Perú and Brazil-based Bidim and various other companies connected to mining, drainage and agriculture, such as Plastubos (Brazil), Dripsa (Argentina), Río Verde (Mexico), and Quimir (Mexico).

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