MEXICO CITY, Mexico, October 23, 2018-

The third quarter was a difficult one for KCM as we continue to face significant and consistent pressure from raw material costs. In addition, our continued efforts to increase prices to partially mitigate the cost pressures, had a negative impact on our volumes.

We had higher prices, better efficiencies, very good results from our cost reduction program and reduced SG&A expenses, which allowed us to grow the top and bottom lines and post a slight increase in operating margin.

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