UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ELAMEX, S.A. DE C.V.
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(Name of Issuer)
CLASS I COMMON STOCK, NO PAR VALUE
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(Title of Class of Securities)
P36209107
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(CUSIP Number)
AUGUST 31, 1998
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(Date of Event which Requires Filing of
this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
General Electric Company
14-0689340
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
5 SOLE VOTING POWER 385,000
NUMBER OF
SHARES 6 SHARED VOTING POWER 0
BENEFICIALLY (SEE ITEM 5)
OWNED BY
EACH 7 SOLE DISPOSITIVE POWER 385,000
REPORTING
PERSON WITH
8 SHARED DISPOSITIVE POWER 0
(SEE ITEM 5)
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
385,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
12 TYPE OF REPORTING PERSON
C0
Item 1(a) Name of Issuer: Elamex, S.A. de C.V.
Item 1(b) Address of Issuer's Principal Executive Offices:
Avenida Insurgentes No. 4145-B Ote.,
Cd. Juarez, Chihuahua Mexico C.P. 32340
Item 2(a) Name of Person Filing:
General Electric Company ("GE") on behalf of its wholly owned
subsidiary General Electric International, Inc., a Delaware corporation ("GE
International").
Item 2(b) Address of Principal Business Office or, if none, Residence:
GE's address is 1 River Road, Schenectady, NY 12345-6999; GE also
maintains executive offices at 3135 Easton Turnpike, Fairfield, CT 06431-0001.
GE International's address is Two Corporate Drive, P.O. Box 861, 5th Floor,
Shelton, CT 06484-0861.
Item 2(c) Citizenship:
GE is a New York corporation. GE International is a Delaware
corporation.
Item 2(d) Title of Class of Securities:
Class I Common Stock, no par value
Item 2(e) CUSIP Number:
P36209107
Item 3. If this statement is filed pursuant to ss. ss. 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Act. (c) [ ] Insurance
company as defined in Section 13(a)(19) of the Act.
(d) [ ] Investment company registered under Section 8 of the Investment
Company Act of 1940.
(e) [ ] An investment adviser in accordance with
ss. 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with ss.
240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
ss. 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940;
[j] [ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to ss. 240.13d-1(c), check this
box [X].
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
385,000 shares of Class I Common Stock
(b) Percent of class:
5.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote
385,000
(ii) Shared power to vote or to direct the vote
None
(iii) Sole power to dispose or to direct the disposition of
385,000
(iv) Shared power to dispose or to direct the disposition of
None
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities, check the following
[ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
N/A
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
N/A
Item 8. Identification and Classification of Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certifications
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
GENERAL ELECTRIC COMPANY
By: /S/ Robert E. Healing
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Name: Robert E. Healing
Title: Corporate Counsel
Dated: September 10, 1998
