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Lowe's plans to expand into Mexico

As part of its strategy for long-term growth, Lowe's Companies, Inc. announced it plans to expand into Mexico. Lowe's expects to open three to five stores in Monterrey in 2009, representing an investment of $18 to $20 million per store.

The company has established an office in Monterrey, which is led by Francisco Fernandez, vice president of Lowe's- Mexico. Lowe's currently operates retail stores in the United States and, is on track with plans to open six to ten stores in the greater Toronto area beginning in the fall of this year.



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