Everything you wanted to know about MEXICO'S Top 100 Companies but were afraid to ask.Our definitive ranking of Mexican companies This is a List of Mexican companies:
Mexican companies today, whether exporters or not, are feeling the sting of global financial uncertainty and sluggish U.S. demand. Contrary to the buoyancy buoyancy (boi`ənsē, b  `yən–), upward force exerted by a fluid on any body immersed in it. Buoyant force can be explained in terms of Archimedes' principle. of recent years, when soaring soaring: see flight; glider. soaring or gliding Sport of flying a glider or sailplane. The craft is towed behind a powered airplane to an altitude of about 2,000 ft (600 m) and then released. growth and investor confidence led to most of the companies listed on the Bolsa to do booming business, the abrupt economic slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , combined with a series of local political and economic problems, are making the medium-term economic outlook a lot less favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. . So much has changed since BUSINESS MEXICO'S last edition of Mexico's top 100 companies was published. Back then, on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955. of the most decisive presidential elections in recent history, companies and citizens alike were bracing bracing, n a resistance to the horizontal components of masticatory force. themselves for the worst: yet another end-of-administration crisis that could end the short-lived macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. stability and plunge The term Plunge has multiple meanings:
n an audible and prolonged inspiration followed by a shortened expiration. sigh of relief did another challenge just as fierce appear on the horizon. Mexico's economy is expected to grow by just over 3% this year (compared to 6.9% in 2000). Likewise, inflationary in·fla·tion·ar·y adj. Of, associated with, or tending to cause inflation: inflationary prices; inflationary policies. Adj. 1. growth for the year is being forecast by most analysts at above 7%, significantly higher than the government's less-than-6% target. On the other hand, while the nation's macro-economy is fundamentally sound, the widening of the trade deficit is cause for concern, macro-economy is fundamentally sound, the widening of the trade deficit is cause for concern, as is the fragile over-valued peso. Companies are also paying close attention to the outcome of the upcoming congressional tax reform, the result of which is certain to have direct implications for all productive sectors. But that's this year. In 2000, despite fears of a possible sexenio transition crisis, most Mexican companies were riding high on the ripple effects ripple effect Epidemiology See Signal event. of a booming economy to the north. Because of this, most firms that shined during a bullish Bullish Word used to describe an investor's attitude. Bullish refers to an optimistic outlook, while bearish means a pessimistic outlook. bullish 1999 once again returned as our top stars. The telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , retail, beverage, and cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder. industries fared particularly well, not to mention a handful of conglomerates A Conglomerate is the term used to describe a large corporation that consists of diverse divisions. Conglomerate companies tend to be large multinational corporations with operations in multiple regions of the world. . Even among industries that lagged by comparison, we found occasional stars such as Kimberly Clark de Mixico in the pulp and paper sector. Year 2000 was particularly brutal for the steel industry, as weak international steel prices and high natural gas prices took their toll on several big players. Altos Hornos de Mexico, Tubos de Acero and Grupo Simek, three steel companies appearing on last year's list, didn't return this time around. The retail sector, on the other hand, enjoyed a bullish 2000. Real-wage increases, a strong peso and low inflation sparked a purchasing boom that helped power the economy forward by more than 7%. Even so, the sector had its fair share of swan songs. Just ask Sears Roebuck de Mexico and Almacenes Coppel, which fell off this year's list. This year promises to be tougher for retail, as most analysts predict a slowdown in consumer demand. But when one company starts losing, there is always a hungry competitor waiting on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. . Pulp and paper producer Grupo Industrial Durango was one such new face on our list. Retailer Grupo Casa Saba and Grupo Aeropuertario del Sureste, in the tourism sector, also joined the ranks. The one question that continues to baffle analysts and investors alike is just how long private Mexican companies can resist the strain of a U.S. economic slowdown and rising inflation. Top industry analysts helped us answer those questions and more based on our top 100 list. TELECOMMUNICATIONS Telmex and its parent company Grupo Carso Grupo Carso is a conglomerate of companies owned by the Mexican tycoon Carlos Slim. It was formed in 1990 after the merge of Corporación Industrial Carso and Grupo Inbursa. The name Carso stands for Carlos Slim and Soumaya Domit de Slim †, wife of Slim. Telecom were our hottest performers on the BUSINESS MEXICO 100. Hardly shocking, considering that the Mexican telecommunications industry has grown at lightening lightening /light·en·ing/ (lit´en-ing) the sensation of decreased abdominal distention produced by the descent of the uterus into the pelvic cavity, two to three weeks before labor begins. speed in the past eight years and continues to expand rapidly. Analysts estimate that the size of the combined market for equipment and services is likely to exceed US$3.5 billion over the next three years. The market potential tells all: According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Federal Telecommunications Commission (Cofetel), only 11% of Mexican households have fixed telephone lines. Carso Global Telecom Carso Global Telecom is a conglomerate of companies formed in 1996 after separating all telecommunication-related companies from Grupo Carso. This company does not have any employees as it is only a holder of stocks of companies such as Telmex, Telcel and América Móvil. , a supplier of public, cellular, international and domestic phone service, was formed in 1996 after breaking away from Grupo Carso in April of that year. Its other subsidiaries are Star Holdings, Multimedia Corporativo and Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. Communications. Telmex, Carso Global Telecom's subsidiary, claimed this year's silver medal, despite the recent deal it struck with competitors Avantel and Alestra to reduce interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. fees. That has kept a smile on the face of Telmex investors and its president Carlos Slim, Latin America's wealthiest man. A perennial perennial, any plant that under natural conditions lives for several to many growing seasons, as contrasted to an annual or a biennial. Botanically, the term perennial favorite on the Bolsa, Telmex ranked number one on our list last year and should be back on top in 2002 as analysts say it is expected to grow between 5% and 10% this year. Telmex reported strong growth in its cellular telephone market last year. Look for America Movil, a spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. of Telmex's wireless and international assets, to be a top finisher in 2001. This year's first quarter results for America Movil surpassed analysts' expectations as Telcel, its main cellular phone unit, is anticipating its userbase to climb from 11.7 million clients to 14 million by the end of the year--a 34% increase. In less than one year, Telcel's userbase grew an astonishing a·ston·ish tr.v. as·ton·ished, as·ton·ish·ing, as·ton·ish·es To fill with sudden wonder or amazement. See Synonyms at surprise. 80%. Francisco Rivera, telecommunications analyst at Santander Investment Group, says Telmex can expect modestly good results this year. However, growing competition from foreign carriers has forced the company to hold off on hiking hiking Walking, often among hills or mountains, as recreational sport. It represents an activity in its own right and also figures in backpacking, camping, hunting, mountaineering, and orienteering. its long-distance fees. "The problem is that Telmex has not raised its long-distance fees for two years now and it doesn't look like it will raise them this year either," he says. "It is also important to consider that international long-distance traffic fell 19% for the first quarter of 2001, compared to the first quarter of last year." Telmex subsidiary Iusacell, which provides cellular services, ranked third in the telecommunications sector with modest growth reported last year, while Unefon, a local cellular service provider half-owned by TV Azteca TV Azteca is the second largest Mexican television network. It was established in 1968 as the state-owned Instituto Mexicano de la Televisión ("Imevisión"), and was privatized under its current name in 1993. Its flagship program is the newscast Hechos. , grabbed the number-four spot in the sector. CEMENT AND CONSTRUCTION Cementos Mexicanos, the world's third-largest cement producer, once again solidified so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. its number-one standing in this sector. Last October, Cemex purchased Southdown, the second largest cement company in the United States. The US$2.8 billion purchase was the largest acquisition ever in the history of private Mexican companies. Cemex, which markets its cement in 60 countries, also owns subsidiaries that construct luxury hotels and development projects. Much like Cemex, Cementos Apasco, number two in the sector according to our list, has recently expanded its operations outside of Mexico. Between Cemex and Cementos Apasco, the two companies produce about 80% of the nation's cement capacity. Grupo Cementos Chihuahua, which placed third among cement companies, recently agreed to acquire U.S. cement producer, Dacotah Cement for US$252 million. As for the leader in the Mexican construction industry, Empresas ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. continues to suffer lingering lin·ger v. lin·gered, lin·ger·ing, lin·gers v.intr. 1. To be slow in leaving, especially out of reluctance; tarry. See Synonyms at stay1. 2. effects of the mid-1990s peso devaluation. At the end of 2000, the builder reported operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of US$30.1 million. However, the company recently announced four new construction contracts for US$109 million. Jose Luis Guerrero Luis Bernardo Guerrero Figueroa is a Peruvian politician. He is a Member of Congress for the period 2001-2006 and was Perú Ahora's presidential candidate for the 2006 national election. With 8410 votes (0. , Empresas ICA's chief financial officer, says he expects the U.S. economic slowdown to have a moderate effect on the nation's construction industry, but he believes it is unlikely to affect public projects this year. A Solomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. report says that so far this year, both industrial production and construction have decelerated from last year's levels, however retail sales remained fairly strong through February. CONSUMER GOODS consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and Because this grouping covers numerous industries, comparisons were made only where we saw fit. At the top of the list is Fomento Economico Mexicano (Femsa), a BUSINESS MEXICO six-star pick. Femsa is the largest beverage producer in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , specializing in soft drinks and beer. Femsa also owns Oxxo, a national convenience-store chain. It would be unfair to compare a company as diverse as Femsa with Grupo Modelo Grupo Modelo is a large brewery in Mexico. It maintains a large part of the Mexican beer export market and produces top-selling imported beer in the United Kingdom, United States and Canada. , its main rival in the beer industry. But if we look at who's who Who’s Who biographical dictionary of notable living people. [Am. Hist.: Hart, 922] See : Fame in the cerveza market, Femsa has stood its ground. Controlling 44% of the domestic market, Femsa surprised analysts with this year's first quarter report with 12.7% growth in sales volume in domestic territory. Grupo Modelo, its main competitor in the beer industry, reported 11.3% growth. BBVA-Bancomer beverage analyst Yvonne Ochoa says neither company had seen growth like that in four years. Still, she says, the first quarter may not be a telling sign of what is to come for the rest of the year. "Both companies started off the year with a big bang big bang Model of the origin of the universe, which holds that it emerged from a state of extremely high temperature and density in an explosive expansion 10 billion–15 billion years ago. ," she says. "But it could be a difficult year in terms of consumption due to lowered expectations of GDP GDP (guanosine diphosphate): see guanine. growth." But the long-term outlook is encouraging. A J.P. Morgan report The Morgan Report was an 1894 report concluding an official U.S. Congressional investigation into the events surrounding the Hawaiian Revolution of 1893, including the alleged role of U.S. on the nation's beverage industry found that by 2005, Mexican beers Beer in Mexico has a long history. Fermented beverages long predate the arrival of European conquistadors in America. Beer in the European style became mass produced in the 19th century, and continues to be popular today. will control 41.8% of the U.S. import market. Grupo Modelo, which concentrates strictly on producing and marketing beer, ranks number seven on our list. The company is Mexico's main beer producer, holding 56% of the domestic market share and 83% of the export market. Ochoa says Modelo, which has a much stronger export strategy than Femsa, is her pick for 2001. For soft-drink giants Coca-Cola Femsa Coca-Cola FEMSA is the anchor bottler of Coca-Cola and its related soft drink products in much of Latin America. The company is an important part of the Coca-Cola System. Specifically, Coca-Cola FEMSA distributes about 10% of the worldwide production of Coca-Cola products. and Pepsi-Gemex, it was business as usual, as both companies reported favorable increases in net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight . In the pulp and paper industry The global pulp and paper industry is dominated by North American (United States, Canada), northern European (Finland, Sweden) and East Asian countries (such as Japan). Australasia and Latin America also have significant pulp and paper industries. , Kimberly-Clark de Mexico took top honors with net sales and operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. up compared to last year's performance. Grupo Industrial Durango, its closest rival, reported 2000 net sales that were less than half than those of the nation's industry leader. RETAIL Analysts praised last year as a period of dynamic consumption in the retail sector. And although this year's first quarter results were acceptable, the sector has been showing signs of slowdown since the second half of last year. Angel Hernandez Angel Hernandez can refer to:
What is clear to Herenandez and other industry analysts is that one mighty retailer, Wal-Mart de Mexico, or Walmex, towers over its competitors. Walmex, the Mexican arm of the world's largest retailer, owns household name supermarkets such as Superama, Bodega bo·de·ga n. 1. A small grocery store, sometimes combined with a wineshop, in certain Hispanic communities. 2. A warehouse for the storage of wine. Aurrera, Wal-Mart and Sam's Club Sam's Club is a membership-only warehouse club owned and operated by Wal-Mart Stores, Inc. History The first Sam's Club opened in April 1983 in Midwest City, Oklahoma in the United States.[1] Sam's Club is named after Sam Walton. . So what is it that puts Walmex in a class by itself? Hernandez says Walmex's marketing strategies such as its "Everyday Low Prices" and its aggressive expansion and advertising approach have left its competitors in the dust. Walmex, unlike its rivals, is perfectly prepared to weather a slowdown in consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. , as strong sales have continued into the first quarter, Hernandez says. This year Walmex plans to open 69 stores, a move that should allow the company to gain even more territory over the competition. Hernandez sees Grupo Soriana, which ranks second to Walmex in companies specializing strictly in retail sales, as a clear favorite. Soriana, which markets and sells clothing and general merchandise, operates 53 shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into throughout Mexico. Soriana, Controlodora Comercial Mexicana Comercial Mexicana is a Mexican hypermarket group, which features stores similar to those owned by Wal-Mart in the United States or Carrefour in France. It is part of the Controladora Comercial Mexicana Group which also owns the local Costco warehouse franchise and Restaurantes and Gigante should begin to report better indicators come the second half of the year, analysts say. Still, Hernandez says that should Congress approve President Fox's plan to extend the nation's 15% value-added tax value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level. (IVA) to previously exempt foods and medicines, it would weaken consumer buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. and is likely to hurt the retail sector. As far as Grupo Sanborns Grupo Sanborns is a large retail, pharmacy and department store chain located in Mexico. Few Mexican companies are as steeped in history as Sanborn Hermanos, owners of Sanborns pharmacy. , a controlling company of businesses that run department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , restaurants and the administration of shopping centers, it seems unfair to compare it with others that dedicate ded·i·cate tr.v. ded·i·cat·ed, ded·i·cat·ing, ded·i·cates 1. To set apart for a deity or for religious purposes; consecrate. 2. themselves exclusively to retail. It is worth mentioning, however, that Sanborns finished 10th on the top 100. Most impressive was Sanborn's walloping 372.5% increase in sales, compared to 1999 figures. MEDIA The first half of year 2000 was a stellar period for Mexico's top two media groups, Grupo Televisa and TV Azteca. For the first half of last year, both companies cashed in on juicy advertising sales, a large chunk coming from political parties that spent millions of dollars on their ad campaigns as the July elections neared. But after voters went to the polls, sales dried up and both networks were quickly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to cut costs. Both broadcasters, which have a strong clientele base north of the border, say the U.S. economic slowdown has only made things worse. Facing a sluggish advertising environment, Televisa, the nation's top network, recently announced a US$50 million cost-reduction strategy. Anticipating disappointing earnings for 2001, in April Televisa pulled the plug on ECO E·co , Umberto Born 1932. Italian writer best known for his novels, including The Name of the Rose (1981). He has also written extensively on semiotics and British and American popular culture. , its 24-hour cable news channel after 13 years on the air. Media analyst Whitney Johnson, of the New York-based Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , applauds the decision. "I think it will allow Televisa to trim costs without sacrificing future growth," she says. This year, Televisa also closed two Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi production studios. TV Azteca, the country's second-largest broadcaster, has also trimmed production, programming and transmission expenses after net sales for the first quarter of this year dropped 7% compared to last year's first quarter results. Analysts say that TV Azteca's restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and often risky investment projects have, for the most part, paid off. Chris Recouso, a media analyst at Bear Steams in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , says that under the economic circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or , both of the TV titans have shown resilience resilience (r  ·zilˑ·yens),n and will continue to do so with their laudable laud·a·ble adj. Healthy; favorable. cost-cutting measures. CONGLOMERATES Grupo Carso, part of the multibillion-dollar business empire of magnate Carlos Slim, is king of the hill among businesses with widely diversified companies diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a . Grupo Carso owns 79% of Grupo Sanborns and has an 85% stake in Sears Roebuck de Mexico. But the issue that dominated investors' attention was Grupo Carso's purchase in March 2000 of U.S. computer chain CompUSA. UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg analyst Bond Snodgrass says that the buyout Buyout The purchase of a company or a controlling interest of a corporation's shares. Notes: A leveraged buyout is accomplished with borrowed money or by issuing more stock. dramatically changed the face of Grupo Carso's sales revenue. Grupo Carso has interests in cigarette maker Cigatam and railway operator Ferrosur, as well as music stores, mining, chemicals, construction materials and auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Grupo Carso's success has been so tightly tied to Slim that its stock plummeted when he suffered a heart attack in 1997. He has since passed on its operation to his son, Patrick Slim. Snodgrass says this year's first quarter results for Mexico's largest conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. were disappointing as it faced slowing consumer demand, decelerated construction spending Construction Spending An economic indicator that measures the amount of spending towards new construction. Released monthly by the U.S. Department of Commerce's Census Bureau, it looks at residential and non-residential construction in the private sector, and state and federal at and lowered automotive demands. Carso reported a 6.8% drop in first-quarter operating profit for 2001 compared to the same period last year. Alfa, the Mexican chemical giant that held the sector's number-one spot on last year's list, recently agreed to sell its subsidiary Total Home to U.S. home-improvement titan Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box . Neither company has mentioned a price as they first must await AWAIT, crim. law. Seems to signify what is now understood by lying in wait, or way-laying. approval from Mexico's Federal Competition Commission. Alfa, a big player in petrochemicals, telecommunications, refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. foods, steel and autoparts, is considered a sound pick for would-be investors. Snodgrass says that last year Alfa faced challenges of declining commodity prices, its stock prices falling 60% in 2000 as a result. But he says that Alfa maintained a leading position in its refrigerated-food business, a tough business to stay on top of, he adds. FOOD Bimbo, the world's third-largest bread company, recently agreed to purchase one of Brazil's largest producers of baked goods, Plus Vita, for US$63.5 million. Bimbo says the acquisition opens the way for its expansion strategy in Latin America. With this latest deal in Brazil, Bimbo operates in 12 Latin American countries List of American countries Nations:
Ochoa, of BBVA-Bancomer, says that last year Bimbo didn't have much growth in terms of volume and sales. "It is much more difficult to grow in the food sector than the beverage sector," she says. "That is why they are looking for opportunities outside of Mexico." Gruma, the controlling company of Grupo Industrial Maseca, the nation's premier flour flour, finely ground, usually sifted, meal of grain, such as wheat, rye, corn, rice, or buckwheat. Flour is also made from potatoes, peas, beans, peanuts, etc. Usually it refers to the finely ground and bolted (i.e. tortilla producer, reported a drop in operating profits and net sales for the first quarter of 2001, feeling the impact of last year's decrease in imports. The good news was that domestic consumption of wheat products increased slightly last year. Industrias Bachoco, the nation's undisputed leader in poultry poultry, domesticated fowl kept primarily for meat and eggs; including birds of the order Galliformes, e.g., the chicken, turkey, guinea fowl, pheasant, quail, and peacock; and natatorial (swimming) birds, e.g., the duck and goose. production and one of the world's top ten producers, had a sluggish first quarter this year in terms of pricing, but it fared much better than the competition. Total assets, net sales, operating profit and market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. were up from last year's list. HUNKERING DOWN Hunkering down A term used to describe a trader selling off a big position in a stock. FOR 2001 Projecting ahead, 2001 looks to be a challenging year for even some of the strongest companies that have seen good times over the past few years. Mario Rodarte, director of the Center for Economic Studies in the Private Sector says 2001 should bring 3% growth, a significant drop compared to last year's 6.9%. But despite a global slowdown, by no means is it time to push the panic button, he says. "There is not a strong imbalance imbalance /im·bal·ance/ (im-bal´ans) 1. lack of balance, such as between two opposing muscles or between electrolytes in the body. 2. dysequilibrium (2). and we are not anticipating an economic crisis," he says. Only time will tell. John Hecht is a Mexico City-based freelance writer. Rafael Olvera is an independent financial consultant.
Sector breakdowns
Who's who in each industry
Company Ticker Points Stars
TELECOMMUNICATIONS
Carso Global Telecom TELECOM 594 ******
Telefonos de Mexico TELMEX 593 ******
IUSACELL CEL 297 --
Unefon UNEFON 208 --
Biper MOVILA 41 --
TRANSPORTATAION
Cintra CINTRA 468 --
Transportacion Maritima Mexicana TMM 405 --
MEDIA
Group Televisa TLEVISA 526 **
TV Azteca TVAZTCA 392 --
RETAIL
Walmart de Mexico WALMEX 571 *****
Grupo Sanborns GSANBOR 537 **
Grupo Soriana SORIANA 497 --
Desc DESC 497 --
Grupo Gigante GIGANTE 493 --
Controladora Comercial Mexicana COMERCI 491 **
El Puerto de Liverpool LIVEPOL 476 *
Grupo Elektra ELEKTRA 448 --
Grupo Palacio de Hierro GPH 356 --
Grupo Casa Saba SAB 336 --
Nadro NADRO 323 --
Far-Ben BEVIDES 269 --
Grupo Corvi GCORVI 256 --
Farmacias Guadalajara FRAGUA 227 --
Grupo Marti GMARTI 141 --
Dermet de Mexico DERMET 134 --
Latinoamericana Duty Free DUTY 88 --
Grupo Comercial Gomo GOMO 83 --
Edoardos Martin EDOARDO 70 --
ECE ECE 62 --
Controladora de Farmacias COFAR 52 --
Grupo Dixon DIXON 9 --
FOOD
Grupo Bimbo BIMBO 536 *
Grupo Maseca GRUMA 456 --
Industrias Bachoco BACHOCO 405 --
Grupo Industrial Maseca MASECA 311 --
Grupo Herdez HERDEZ 288 --
Grupo La Moderna GMODERN 234 --
Alsea ALSEA 216 --
Grupo Minsa MINSA 167 --
Grupo Azucarero Mexicano GAM 164 --
Grupo Bafar BAFAR 160 --
Corporacion Mexicana de WINGS 138 --
Restaurants
Maizoro MAIZORO 27 --
Grupo Mac Ma GMACMA -12 --
Agro Industrial Exportadora AGRIEXP -22 --
CONGLOMERATES
Grupo Carso GCARSO 580 ******
ALFA ALFA 542 *****
Grupo IMSA IMSA 454 --
Savia SAVIA 415 ****
Grupo Industrial Saltillo GISSA 381 --
San Luis Corporacion SANLUIS 337 --
CEMENT & CONSTRUCTION
Cementos Mexicanos CEMEX 570 *****
Apasco APASCO 422 --
Empresas ICA ICA 344 --
Grupo Cementos Chihuahua GCC 263 --
Corporacion Moctezuma CMOCTEZ 261 --
Grupo Tribasa TRIBASA 212 --
Consorcio Hogar HOGAR 123 --
Grupo Mexicano de Desarrollo GMD 80 --
Grupo Iconsa GICONSA 38 --
CONSUMER GOODS
Fomento Economico Mexicano FEMSA 561 ******
Grupo Modelo GMODELO 554 ****
Kimberly-Clark de Mexico KIMBER 494 **
Coca-Cola Femsa KOF 452 --
Grupo Continental CONTAL 421 --
Pepsi-Gemex PEPSIGX 419 --
Grupo Industrial Durango GIDUSA 382 --
Embotelladoras Argos ARGOS 339 --
Empaques Ponderosa EMPAQ 234 --
Grupo Embotelladoras Unidas GEUPEC 230 --
Embotelladoras delValle de EMVASA 191 --
Anahuac
Jugos delValle VALLE 188 --
Campus CAMPUS -56 --
The Business Mexico 100
Ranking Points Company Ticker
1 594 Carso Global Telecom TELECOM
2 593 Telefonos de Mexico TELMEX
3 580 Grupo Carso GCARSO
4 571 Walmart de Mexico WALMEX
5 570 Cementos Mexicanos CEMEX
6 561 Fomento Economico Mexicano FEMSA
7 554 Grupo Modelo GMODELO
8 552 Grupo Mexico GMEXICO
9 542 ALFA ALFA
10 537 Grupo Sanborns GSANBOR
11 536 Grupo Bimbo BIMBO
12 526 Grupo Televisa TLEVISA
13 497 Grupo Soriana SORIANA
14 497 Desc DESC
15 494 Kimberly-Clark de Mexico KIMBER
16 493 Grupo Gigante GIGANTE
17 491 Controladora Comercial Mexicana COMERCI
18 481 Vitro VITRO
19 476 El Puerto de Liverpool LIVEPOL
20 468 Cintra CINTRA
21 456 Grupo Maseca GRUMA
22 454 Grupo IMSA IMSA
23 452 Coca-Cola Femsa KOF
24 448 Grupo Elektra ELEKTRA
25 435 Hylsamex HYLSAMX
Ranking Sector
1 Telecom
2 Telecom
3 Conglomerate
4 Retail
5 Cement
6 Beverage
7 Beverage
8 Mining
9 Conglomerate
10 Retail
11 Food
12 Media
13 Retail
14 Retail
15 Pulp and Paper
16 Retail
17 Retail
18 Glass
19 Retail
20 Transportation
21 Food
22 Conglomerate
23 Beverage
24 Retail
25 Steel
(*)in thousands of pesos
Net Assets * Total Assets * Net Sales * Op. Profit *
105,090,372 256,519,394 123,666,528 42,709,773
46,619,080 157,135,479 102,431,324 39,703,800
34,828,171 84,312,839 89,308,799 8,223,979
30,745,989 49,703,397 73,946,855 3,915,179
73,580,750 151,605,043 54,072,312 15,909,853
25,180,897 45,176,838 45,454,287 7,093,032
35,345,788 45,300,674 29,328,905 7,618,407
34,349,500 83,501,492 34,664,830 5,461,532
24,892,705 72,804,465 45,110,903 5,265,441
13,951,638 38,435,599 54,631,400 2,893,069
15,700,168 24,589,915 31,477,020 3,251,031
17,527,068 45,054,004 20,802,813 4,842,684
10,024,096 17,364,385 25,360,970 1,764,069
13,768,883 31,966,019 23,485,250 2,295,660
11,353,827 20,772,077 15,906,374 5,087,295
10,840,610 17,512,672 27,206,451 1,195,591
9,878,606 20,245,464 31,610,874 1,108,099
9,239,433 32,086,570 28,000,204 3,394,011
8,943,492 16,391,317 15,686,371 1,552,738
6,766,122 20,354,817 30,750,322 1,177,606
11,895,077 21,961,912 18,199,045 808,981
11,232,594 26,751,791 21,212,028 2,171,437
6,410,273 12,767,187 16,584,773 2,940,339
5,464,003 14,175,456 14,725,366 1,657,390
11,119,058 29,571,781 14,198,491 1,270,546
Net Assets * Market Cap. * Employees
105,090,372 70,356,516 65,754
46,619,080 232,426,490 65,754
34,828,171 21,312,900 89,954
30,745,989 84,662,841 74,790
73,580,750 49,373,997 21,476
25,180,897 37,310,980 42,594
35,345,788 16,583,973 46,890
34,349,500 18,247,235 26,092
24,892,705 7,911,010 35,832
13,951,638 12,902,326 52,619
15,700,168 19,142,122 61,617
17,527,068 98,719,652 14,603
10,024,096 14,727,054 34,420
13,768,883 5,194,025 22,320
11,353,827 31,053,411 7,664
10,840,610 16,136,737 34,046
9,878,606 10,458,093 35,232
9,239,433 2,172,975 33,815
8,943,492 22,639,632 18,219
6,766,122 6,053,703 21,449
11,895,077 3,329,445 16,897
11,232,594 1,475,501 14,482
6,410,273 5,726,322 15,054
5,464,003 8,834,084 19,442
11,119,058 2,330,308 7,430
26 422 Apasco APASCO Cement
27 421 Grupo Continental CONTAL Beverage
28 419 Pepsi-Gemex PEPSIGX Beverage
29 415 Savia SAVIA Conglomerate
30 405 Industrias Bachoco BACHOCO Food
31 405 Transportacion Maritima Mexicana TMM Transportation
32 394 Corporacion Interamericana de CIE Entertainment
Entretenimiento
33 392 TV Azteca TVAZTCA Media
34 384 Tubos de Acero de Mexico TAMSA Steel
35 382 Grupo Industrial Durango GIDUSA Pulp and Paper
36 381 Grupo Industrial Saltillo GISSA Conglomerate
37 372 Industria Penoles PENOLES Mining
38 356 Grupo Palacio de Hierro GPH Retail
39 356 Grupo Posadas POSADAS Tourism
40 344 Empresas ICA ICA Construction
41 339 Embotelladoras Argos ARGOS Beverage
42 337 San Luis Corporacion SANLUIS Conglomerate
43 336 Grupo Casa Saba SAB Retail
44 330 Consorcio ARA ARA Home Building
45 327 CYDSA CYDSASA Chemicals
46 323 Nadro NADRO Retail
47 318 Corporacion Geo GEO Home Building
48 311 Grupo Industrial Maseca MASECA Food
49 297 IUSACELL CEL Telecom
50 288 Grupo Herdez HERDEZ Food
(*) in thousands of pesos
9,074,358 15,336,651 9,191,336 3,050,476 11,835,042 2,982
5,478,325 7,822,362 9,025,665 1,762,789 7,868,185 14,907
4,441,751 10,499,305 9,170,930 950,954 4,279,468 26,471
20,235,755 63,161,807 30,828,472 -2,562,073 20,480,664 7,134
6,969,457 9,626,052 9,188,762 1,499,011 1,621,972 16,396
11,208,144 25,714,671 3,445,864 297,868 5,283,330 9,927
5,709,769 9,852,895 3,998,180 741,394 9,436,057 8,628
3,981,075 18,617,625 5,425,235 1,576,938 12,556,659 2,890
7,056,087 11,755,967 5,856,541 957,154 9,053,460 2,939
3,207,499 12,600,290 6,050,486 1,082,272 2,630,261 7,769
3,912,137 7,536,882 7,234,885 962,970 2,967,884 13,716
8,667,564 17,113,584 9,373,583 109,297 2,583,592 8,357
4,345,109 8,484,479 5,261,709 486,171 3,565,859 6,548
4,338,276 9,190,003 3,483,085 680,063 3,624,810 5,868
9,931,494 24,021,662 11,448,646 -279,916 1,180,966 15,752
2,503,402 3,982,720 4,698,075 942,991 4,486,250 5,699
1,927,539 8,384,798 5,132,379 668,314 2,603,581 6,915
1,878,333 5,400,585 15,577,856 558,985 2,123,354 5,107
2,514,911 3,959,006 3,332,970 724,883 3,721,671 7,565
4,184,405 12,219,252 7,895,886 165,983 489,600 10,470
1,979,447 4,757,356 15,299,758 461,297 2,502,050 3,992
2,186,945 5,808,052 4,714,020 662,101 683,213 11,818
3,292,087 6,756,959 4,774,046 524,737 2,560,419 2,016
6,351,437 15,780,437 5,488,229 -405,476 7,027,008 1,933
1,866,139 3,706,703 3,906,745 528,551 1,570,542 4,772
51 282 Grupo Aeropuertario del Sureste ASUR Tourism
52 281 Grupo Industrial Camesa CAMESA Holding Company
53 269 Far-Ben BEVIDES Retail
54 263 Grupo Cementos Chihuahua GCC Cement
55 261 Corporacion Moctezuma CMOCTEZ Cement
56 257 Industrias CH ICH Steel
57 256 Grupo Corvi GCORVI Retail
58 234 Grupo La Moderna GMODERN Food
59 234 Empaques Ponderosa EMPAQ Pulp and Paper
60 230 Grupo Embotelladoras Unidas GEUPEC Beverage
61 228 Internacional de Ceramica CERAMIC Construction
62 227 Farmacias Guadalajara FRAGUA Retail
63 224 Mexichem MEXCHEM Petrochemicals
64 223 Real Turismo (Hoteles Camino Real) REALTUR Tourism
65 216 Alsea ALSEA Food
66 215 Grupo Lamosa LAMOSA Construction
67 213 Compania Industrial de Parras PARRAS Textiles
68 212 Grupo Tribasa TRIBASA Construction
69 208 Unefon UNEFON Telecom
70 191 Embotelladoras del Valle de Anahuac EMVASA Beverage
71 188 Jugos del Valle VALLE Beverage
72 167 Grupo Minsa MINSA Food
73 164 Accel ACCELSA Holding Company
74 164 Grupo Azucarero Mexico GAM Food
75 160 Grupo Bafar BAFAR Food
(*)in thousands of pesos
9,978,699 10,267,204 1,159,109 386,911 3,952,500 592
2,356,886 4,096,923 3,369,079 496,731 1,738,257 2,613
1,150,610 2,806,164 5,532,558 204,825 984,264 8,154
3,208,048 5,352,569 2,817,498 781,072 1,030,262 801
2,883,094 3,708,539 2,063,416 1,072,057 4,176,858 532
4,125,223 4,961,573 1,583,984 460,883 1,690,055 1,240
1,426,172 3,861,778 11,923,707 255,222 183,511 5662
1,777,906 2,476,506 2,068,877 269,870 1,380,991 3027
2,801,110 4,023,261 1,413,439 253,708 2,664,791 860
1,310,491 1,990,160 2,234,681 273,025 698,231 4,892
828,490 2,758,911 2,545,734 264,416 1,043,205 3381
797,232 1,746,794 3,667,985 208,168 1,243,790 4,693
1,326,648 2,149,933 2,317,820 318,439 1,796,256 1,458
3,187,009 4,872,724 961,811 54,913 1,590,802 2,600
860,818 1,445,444 2,095,922 224,677 747,251 6,834
1,142,521 2,620,513 2,230,170 325,803 657,600 2,991
1,127,483 4,368,371 2,175,065 120,853 625,248 3,022
3,029,070 14,794,727 3,123,465 -519,919 114,037 5,004
4,175,917 8,525,612 337,485 -269,020 13,385,806 943
509,423 1,125,126 1,801,393 761,813 406,352 4,656
1,435,034 3,406,236 2,959,795 16,508 230,682 4,188
2,094,128 3,229,434 1,947,783 185,521 83,564 1,407
1,581,692 2,697,821 2,437,491 -49,106 226,714 3176
752,105 4,232,978 2,164,496 -276,629 520,871 2,997
464,849 1,076,168 1,625,327 143,756 729,943 3,150
76 151 Compania Minera Autlan AUTLAN Mining
77 147 Grupo Radio Centro RCENTRO Communications
78 141 Grupo Marti GMARTI Retail
79 138 Corporation Mexicana de WINGS Food
Restaurantes
80 134 Dermet de Mexico DERMET Retail
81 133 Cidmega CIDMEGA Tourism
82 129 Grupo Accion GACCION Real Estate
83 123 Consorcio Hogar HOGAR Construction
84 115 Grupo Dataflux DATAFLX Technology
85 103 Grupo Collado COLLADO Steel
86 100 Maquinaria Diesel MADISA Auto
87 91 Consordia G Grupo Dina DINA Auto
88 90 Synkro SYNKRO Textiles
89 88 Latinoamericana Duty Free DUTY Retail
90 83 Grupo Comercial Gomo GOMO Retail
91 80 Grupo Mexicano de Desarrollo GMD Construction
92 71 Gruppo Covarra COVARRA Textiles
93 70 Edoardos Martin EDOARDO Retail
94 70 Medica Sur MEDICA Health Care
95 62 ECE ECE Retail
96 62 Hilasal Mexicana HILASAL Textiles
97 52 Controladora de Farmacias COFAR Retail
98 41 Biper MOVILA Telecom
99 39 Tekchem TEKCHEM Chemicals
100 38 Grupo Iconsa GICONSA Construction
(*)in thousands of pesos
1,668,326 3,452,372 1,296,420 15,389 259,546 1,703
1,147,100 1,720,554 906,925 334,296 877,135 450
609,434 1,213,079 1,030,656 87,090 920,540 1,909
862,981 1,228,084 946,293 24,740 279,258 4,756
641,907 1,931,672 2,464,257 122,325 384,685 570
1,572,269 2,509,756 486,545 98,382 232,328 1,428
1,319,081 3,527,280 465,556 195,085 514,716 87
689,159 1,360,550 1,019,022 139,615 291,595 1,082
628,706 1,074,032 1,139,540 29,674 452,325 1,861
409,677 1,230,692 1,719,323 87,254 359,271 772
541,421 1,959,135 1,776,568 66,720 73,832 1,213
776,368 3,154,567 1,336,108 -666,966 86,178 1793
819,226 1,228,714 639,763 -49,073 137,503 2,993
292,484 716,478 818,533 151,235 693,987 769
507,919 1,002,342 1,292,636 136,828 344,691 289
1,259,913 3,156,077 527,844 32,372 103,237 473
265,867 1,348,731 853,519 -9,806 142,560 2,452
398,440 621,739 708,718 75,776 141,791 1,674
574,223 1,010,400 534,479 105,974 164,646 844
319,563 890,375 594,263 24,342 152,408 1838
278,248 655,406 480,114 97,082 204,310 1403
193,040 433,792 941,510 15,794 433,141 1024
360,807 546,102 214,631 -8,178 472,524 1,064
372,351 730,762 379,596 37,961 299,000 394
268,879 759,041 659,622 -55,120 197,387 1200
Business Mexico elite
The creme de la creme of Mexican Business
Company Ticker Net Assets Total Assets Net Sales Profits
TELECOM * * * *
TELMEX * * * *
GCARSO * * * *
FEMSA * * * *
WALMEX * * *
ALFA * * * *
CEMEX * * * *
GMEXICO * * * *
GMODELO * * *
SAVIA * *
GSANBOR *
COMERCI *
KIMBER *
TLEVISA *
LIVEPOL
BIMBO
Company Ticker Market Cap. Employees Stars
TELECOM * * 6
TELMEX * * 6
GCARSO * * 6
FEMSA * * 6
WALMEX * * 5
ALFA * 5
CEMEX * 5
GMEXICO 4
GMODELO * 4
SAVIA * 3
GSANBOR * 2
COMERCI * 2
KIMBER * 2
TLEVISA * 2
LIVEPOL * 1
BIMBO * 1
For an explanation of our star
system, see "The method to our
madness," pg.32
Quarterly sector growth (% variation)
2000 2001
I II III IV I
Total 7.7 7.6 7.3 5.1 1.9
Agriculture -0.4 8.8 3.3 2.3 -5.5
Industrial 8.8 7.1 6.7 3.8 1.3
Mining 2.4 6.1 6.3 1.4 0.2
Manufacturing 9.7 7.2 7.1 4.4 -1.2
Construction 6.9 7.0 5.2 1.1 -3.8
Electricity, Gas, Water 7.1 6.7 6.5 4.6 2.0
Services 8.0 7.7 7.9 5.9 3.9
Retail, Hotels, Restaurants 12.3 11.4 11.2 9.5 5.9
Transport, Communications 14.1 13.9 14.6 8.6 5.8
Financial Services 4.9 4.7 4.4 4.0 3.7
Communal and Social Services 3.4 3.2 3.0 2.2 1.2
Source: INEGI
* The method to our madness Madness Alcithoe driven mad by Dionysus. [Gk. Myth.: Kravitz, 16] Alcmeon driven mad by the Furies. [Gk. Myth. This is how we came up with the numbers: We base our top 100 on a ranking system that draws on six key economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. : net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. , total assets, net sales, operating profit, market capitalization and number of employees. For each indicator, a company can earn a maximum of 100 points. Thus, the highest mark a business can earn is 600 points, the lowest being six. When looking at monetary values, don't forget that all figures are in thousands of pesos. All of the companies on the list are considered Mexican businesses, including those affiliated with their U.S. namesakes, such as Coca-Cola Femsa or Pepsi-Gemex, and are traded on Mexican Stock Market (Bolsa). Financial institutions and state-owned businesses such as Petroleos Mexicanos (Pemex) were not included on the list. Top performers are also broken down by sector so that you can take a glance at where companies stand among their main competitors. In the BUSINESS MEXICO Elite chart, a star has been awarded to companies that rank within the top 10 of each given indicator category. So if a company earns six stars, one in each category, it is head and shoulders above the rest. [Graph omitted] [Graph omitted] [Graph omitted] |
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