Printer Friendly

DIAMOND SHAMROCK OPENS FIRST CONVENIENCE STORE FRANCHISE IN MEXICO

 SAN ANTONIO July 15 /PRNewswire/ -- Diamond Shamrock (NYSE: DRM) officials have announced the recent opening of the first Corner Store franchise in Mexico. The franchise is the first of 200 convenience store franchises that the San Antonio-based company plans to open in Mexico over the next five years.
 Diamond Shamrock Senior Vice President A.W. "Ed" O'Donnell explains that due to the company's strong market presence in South Texas and logistical strengths the expansion into Mexico "is a natural for us. Mexico is a large country with growing demands for U.S. products and services. Franchising our Corner Stores in conjunction with PEMEX gasoline operations is an important step toward growing our business south of the border."
 The first Diamond Shamrock convenience store franchise in Mexico opened late last month at General Trevino No. 915 Norte in municipo San Nicolas de los Garzas near Monterrey. The franchisee for the San Nicolas Corner Store is Technorsan, which is owned by Monterrey businessman Carlos Sandoval. Technorsan operates the 2,400 square-foot store and manages its seven employees.
 A second Corner Store franchise in Mazatlan is scheduled to open late this summer.
 "Diamond Shamrock's experience in the United States is in operating high-volume gasoline outlets in conjunction with convenience stores," says Joe Walden, vice president of the company's Mexico operations. "Our control systems are designed to allow both the convenience store and the gasoline station to operate as one business, which we believe is a unique and appealing concept to the Mexican gasoline station owner."
 Diamond Shamrock, Inc., with annual sales of $2.6 billion, is a regional refiner and marketer of petroleum products. The corporation has two Texas refineries with a throughput capacity of 190,000 barrels per day, markets gasoline through approximately 2,000 Diamond Shamrock branded retail outlets, and stores and markets natural gas liquids.
 -0- 7/15/93
 /CONTACT: Helen Pitts, public relations, 210-641-8803, or Bill Strain, investor relations, 210-641-8708, both of Diamond Shamrock/
 (DRM)


CO: Diamond Shamrock, Inc. ST: Texas IN: REA SU:

MP -- NY065 -- 2064 07/15/93 14:23 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 15, 1993
Words:344
Previous Article:ALHAMBRA DRINKING WATER PARENT COMPANY SENDING WATER TO MIDWEST FLOOD VICTIMS
Next Article:TOP PUERTO RICO OFFICIAL TELLS U.N. PANEL UPCOMING PLEBISCITE EXERCISES ISLAND'S RIGHTS OF SELF-DETERMINATION TO DECIDE POLITICAL STATUS
Topics:


Related Articles
DIAMOND SHAMROCK REPORTS INCREASE IN SECOND QUARTER EARNINGS
DIAMOND SHAMROCK TO ACQUIRE 15 VICKERS STORES IN NEW MEXICO
DIAMOND SHAMROCK COMPLETES NEW MEXICO RETAIL STORE ACQUISITION
DIAMOND SHAMROCK COMPLETES ACQUISITION OF 'HOWDY'S FOOD MARTS' IN EL PASO
DIAMOND SHAMROCK OFFICIALS REPORT STRONG THIRD QUARTER PROFITS
DIAMOND SHAMROCK ANNOUNCES EXPANSION PLANS AT ANNUAL MEETING
DIAMOND SHAMROCK TO INCREASE BRAND PRESENCE IN AMARILLO
DIAMOND SHAMROCK REACHES AGREEMENT TO ACQUIRE NATIONAL CONVENIENCE STORES
Ultramar Diamond Shamrock Corporation Completes Sale of Eight Colorado Outlets
Ultramar Diamond Shamrock Corporation Chairman Optimistic at Annual Shareholders Meeting

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters