Internal combustion engines: Latin America's hot growth companies find local markets produce high-octane performances. (Hot Companies).In a year of tremendous trials for Latin Lat·in n. 1. a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century. b. American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of companies, the LATIN TRADE Latin Trade is a monthly magazine covering global business in Latin America and the Caribbean. Similar to Forbes and Fortune Magazine in coverage, the magazine was founded in 1993 and now publishes 87,000 copies 1 each month in Spanish, Portuguese, and English. Hot Growth 50 found increased sales and profits at home in expanding economies, often as the result of strategic acquisitions. Our annual ranking takes into account sales and profit growth for the year ending Sept. 30, 2002, plus the average performance during the previous three years. The nifty 50 publicly listed companies listed company n → compañía cotizable listed company n → société cotée en Bourse listed company list n → posted average annual sales growth of 21% and an average profit increase of more than 700%. Stable economic growth in Chile, Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. and Peru provided the platform for expansion. Six of the top 10 and a third of top 50 fastest-growing companies 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. are based in Chile. Mexico and Peru are home to 26 of the fastest-expanding companies in the region. Domestically focused food, beverage, utility; real estate and construction companies leveraged increasing national output in those countries to produce high-octane high-oc·tane adj. 1. Having a high octane number and thus reducing knock and increasing efficiency in high-performance engines: high-octane gas. 2. performances. Building the business was the preferred method of growth, but companies did not balk balk the action of a horse when it refuses to obey a command to which it usually responds. See also jibbing. at the opportunity to buy their competitors at home and abroad. Small companies achieved faster sales and profit growth than large ones. Half of the companies have revenues of less than US$100 million and their 27% sales growth outpaced significantly the 15% achieved by major corporations in the 12 months ending in September September: see month. . Profits grew an average of 1,000% at small outfits compared to only 388% at big companies. Utilities and companies with dominant market share achieved the largest profit surges thanks to limited competition. To provide a better picture of how companies achieved hot growth, LATIN TRADE profiled the top 10: Pesquera Pesquera can refer to
The genus name is derived from the Itata River in Southern Chile. Species
America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Movil The Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum wireless phone company, an offshoot of billionaire Carlos Carlos, prince of the Asturias Carlos, 1545–68, prince of the Asturias, son of Philip II of Spain and Maria of Portugal. Don Carlos, who seems to have been mentally unbalanced and subject to fits of homicidal mania, was imprisoned by his father in Slim's expanding empire, is acquiring competitors across the Americas. In early March, Latin America's largest cellular phone company agreed to pay $180 million to buy a 95% stake in northeastern Brazilian cellular company BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). from BellSouth, a U.S. telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. provider, and Verbier, a holding company of Brazil's Safra family The Mexican company is also interested in BellSouth's BCP BCP Best Current Practice(s) BCP Business Continuity Planning BCP Business Continuity Plan BCP Book of Common Prayer BCP Banco Comercial Português BCP Bureau of Consumer Protection (US Federal Trade Commission) Telecomunicacoes, but the U.S. baby bell says that the Sao Paulo cellular joint venture is not for sale. Last year, America Movil paid $2.3 billion to partners U.S. telecom SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. and Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for International for their shares in joint venture Americas Telecom. Grupo TMM TMM The ISO 4217 currency code for the Turkmenistan Manet. Hot growth is not necessarily healthy. The Mexican transport company is racing to head off default on $177 million in debt due in May with a repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. offer. The railroad railroad or railway, form of transportation most commonly consisting of steel rails, called tracks, on which freight cars, passenger cars, and other rolling stock are drawn by one locomotive or more. and port operator has struggled with cash flow and flagging performance in the final quarter of 2002. A 12.8% peso devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. , high security costs at its ports and slow railroad revenue contributed to a $12.4 million loss for the period. Grupo TMM President Javier Segovia remains confident that TMM's strong transportation network in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. corridor will again become one of the fastest growing in the world. Essbio In 2002, the Chilean sanitary sanitary /san·i·tary/ (san´i-tar?e) promoting or pertaining to health. san·i·tar·y adj. 1. Of or relating to health. 2. services company merged with Empresa de Servicios Sanitarios del Libertador--both belonging to U.K. company Thames Water-to form a leading national water treatment company with 15% of the market and more than 600,000 clients. As part of its $140 million investment program for 2003 through 2007, the company is rapidly expanding to provide complete coverage in central Chilean regions six, seven and eight. The company recently began operations at its $45 million Bio Bio wastewater treatment plant Wastewater treatment plant also called wastewater treatment works
The game is based loosely on the concepts from SameGame. in Concepcion and nearby cities. Pucobre Copper miner Sociedad Punta del Cobre has been grappling with a weakening weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. Chilean peso that has improved export sales but made
paying dollar-denominated debt more challenging. The company has
invested $23 million to expand sulfate sulfate, chemical compound containing the sulfate (SO4) radical. Sulfates are salts or esters of sulfuric acid, H2SO4, formed by replacing one or both of the hydrogens with a metal (e.g., sodium) or a radical (e.g., ammonium or ethyl). processing at its San Jose San Jose, city, United StatesSan Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. plant to 220,000 tons a month and $14 million for heavy machinery at its Biocobre plant. Pucobre recently resumed supplying 45,000 tons a month of copper ore for processing at state-run mining company Enami's Matta concentrator plant. The deal had been suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. because of low prices and Enami's debt of almost $500 million. Colbun Profits are surging at the Chilean power generator generator, in electricity, machine used to change mechanical energy into electrical energy. It operates on the principle of electromagnetic induction, discovered (1831) by Michael Faraday. , controlled by Belgium's Tractebel and Chile's Matte Group. In addition to its massive electricity supply contract with state-run copper company Codelco through 2004, Colbun penned a deal with Chilean paper-maker CMPC CMPC Classified Matter Protection and Control CMPC Compañia Manufacturera de Papeles y Cartones S.A. CMPC Cisco Multi-Path Channel CMPC Children's Media Policy Coalition CMPC Central Milk Producers Cooperative CMPC Connecticut Minority Purchasing Council to supply 74 megawatts though the end of 2011. Its big risk right now is regulatory. Chilean authorities promise to fine Colbun and other power companies for a blackout A complete loss of power. See brownout. in Santiago last year and are reviewing the ley LEY. This word is old French, a corruption of loi, and signifies law; for example, Termes de la Ley, Terms of the Law. In another, and an old technical sense, ley signifies an oath, or the oath with compurgators; as, il tend sa ley aiu pleyntiffe. Brit. c. 27. corta, a law that would prevent Colbun and other generators from sharing in $40 million in savings associated with improved power transmission. Tractebel The Brazilian subsidiary of the Belgian Belgian having some relationship to Belgium. Belgian barge dog see schipperke. Belgian black pied cattle black, Belgian dairy cattle. Belgian blue dual-purpose cattle; blue, white or blue roan. power giant would be red hot if only it could get paid. The largest private power generation company in Brazil was a lead creditor An individual to whom an obligation is owed because he or she has given something of value in exchange. One who may legally demand and receive money, either through the fulfillment of a contract or due to injury sustained as a result of another's Negligence to the country's wholesale electricity market, known as the Iv[AE. As the Cardoso administration drew to a close, Tractebel was owed almost $200 million, half of which was supposed to be paid before the change in government and the remainder after the new Lula government conducts an audit. To add insult in·sult n. A bodily injury, irritation, or trauma. insult Medtalk noun Any stressful stimulus which, under normal circumstances, does not affect the host organism, but which may result in morbidity, when it to injury, credit rating agency A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations. In most cases, these issuers are companies, cities, non-profit organizations, or national governments issuing debt-like securities that can be traded on a Moody's has put special purpose company Machadinho Energetica (Maesa). in which Tractebel has an almost 17% stake, on review for possible downgrade Downgrade A negative change in the rating of a security. Notes: For example, an analyst may downgrade a stock from strong buy to buy, or a bond rating agency may downgrade a bond from AAA to AA. because of credit-quality concerns of its principal shareholders, Brazilian 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. Votorantim, the Brazilian subsidiary of U.S. aluminum producer Alcoa and Brazilian construction company Camargo Correa. Andacor Small but highly profitable, Andacor operates Chile's El Colorado Ski resort. A convenient day trip from Santiago, the resort, which has 22 runs and an altitude altitude, vertical distance of an object above some datum plane, such as mean sea level or a reference point on the earth's surface. It is usually measured by the reduction in atmospheric pressure with height, as shown on a barometer or altimeter. of 3,330 meters, has been catching serious air lately. Chile, in general, has been receiving increasing amounts of press about its high-quality skiing, but marketing efforts at El Colorado got a major boost when the U.S. ski team came to train at the resort--a fact that was highlighted in a subsequent profile of downhill diva Shannon Bahrke in U.S. sports magazine Sports Illustrated Sports Illustrated is the largest weekly American sports magazine owned by media conglomerate Time Warner. It has over 3 million subscribers and is read by 23 million adults each week, including over 18 million men, 19% of the adult males in the country. . Eternit With the Peruvian economy expanding at a good clip, the construction materials company is boosting output and replacing imported products with local production. Hot-selling imported gypsum gypsum (jĭp`səm), mineral composed of calcium sulfate (calcium, sulfur, and oxygen) with two molecules of water, CaSO4·2H2O. It is the most common sulfate mineral, occurring in many places in a variety of forms. sheets, a construction material known as drywall, for example, will be produced locally. Eterait is also developing its exports to Ecuador and Bolivia. Belgium's Etex Group controls Eternit, as well as Ceramica San Lorenzo San Lorenzo, town, S Honduras, on the Gulf of Fonseca. Its satellite, Henecán is the chief Pacific port of Honduras. Henecán's modern port facilities and deepwater harbor and channel approach were constructed in the late 1970s after the old port at (ceramics ceramics (sərăm`ĭks), materials made of nonmetallic minerals that have been permanently hardened by firing at a high temperature, or objects made of such materials. ) and Nicoll Eterplast (plastic pipes) in Peru. Pehuenche The Chilean affiliate of Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. energy giant Endesa has slashed slash v. slashed, slash·ing, slash·es v.tr. 1. To cut or form by cutting with forceful sweeping strokes: slash a path through the underbrush. 2. costs in half to boost profits. And at a time when its parent company Enersis is on negative watch for possible credit downgrade, Pehuenche has helped counterbalance in some measure concerns about operations in Argentina and Brazil. Nonetheless, like Colbun, Pehuenche may get slapped with fines for its role in Santiago blackouts and will have to fight for its share of $40 million in savings associated with improved power transmission.
HOT GROWTH COMPANIES
RANK COMPANY SECTOR COUNTRY
1 Pesquera Itata Food Chile
2 America Movil Telecom Mexico
3 Grupo TMM Transportation Mexico
4 Essbio Water Chile
5 Pucobre Mining Chile
6 Colbun Electricity Chile
7 Tractebel Electricity Brazil
8 Andacor Real Estate Chile
9 Eternit Construction Peru
10 Pehuenche Electricity Chile
11 Siderca Steel Argentina
12 Alsea Food Mexico
13 UCP Backus Johnston Beverage Peru
14 Corporacion Aceros Arequipa Steel peru
15 Sintex Chemical Chile
16 Maquinaria Diesel Machinery Mexico
17 General de Seguros Insurance Mexico
18 Essel Water Chile
19 Alicorp Food Peru
20 Corporacion Ceramica Construction Peru
21 Kraft Foods Peru Food Peru
22 Molltalia Food Peru
23 Forestal Terranova Food Chile
24 Grupo Lamosa Construction Mexico
25 Adubos Trevo Chemicals Brazil
26 Electro Sur Medio Electricity Peru
27 Comgas Gas Brazil
28 Medica Sur Medicine Mexico
29 Fruticola Viconto Food Chile
30 Almacenes Coppel Retail Mexico
31 Vitro Glass Mexico
32 Soprocal Mining Chile
33 Minsur Mining Peru
34 Unefo n Telecom Mexico
35 Industrias CH Steel Mexico
36 IPAL Food Chile
37 Geracao Paranapanema Electricity Brazil
38 Bayer Pharmaceuticals Peru
39 Metalurgica Riosulense Auto parts Brazil
40 Granoleo Food Brazil
41 Embotelladora Latinoamericana Beverage Peru
42 Besalco Construction Chile
43 Cemento Melon Cement Chile
44 Editorial Diana Media Mexico
45 Computec Techonology Colombia
46 Ferryros Machinery Peru
47 Hornos Real Estate Chile
48 Grupo Televisa Media Mexico
49 Agunsa Logistics Chile
50 San Juan Beverage Peru
REVENUES
12-months
ended
RANK COMPANY Sept. 30, 20 % GROWTH
US$ Millions 1 Year
1 Pesquera Itata 46.3 78.5
2 America Movil 5,098.1 22.1
3 Grupo TMM 949.5 13.6
4 Essbio 47.7 12.7
5 Pucobre 47.9 42.7
6 Colbun 183.1 9.4
7 Tractebel 556.5 12.9
8 Andacor 2.0 13.0
9 Eternit 11.7 24.0
10 Pehuenche 97.8 0.1
11 Siderca 1,331.6 4.3
12 Alsea 250.4 5.6
13 UCP Backus Johnston 536.3 15.4
14 Corporacion Aceros Arequipa 121.0 11.8
15 Sintex 112.2 6.1
16 Maquinaria Diesel 210.2 1.8
17 General de Seguros 80.9 -4.1
18 Essel 20.2 21.9
19 Alicorp 442.4 2.5
20 Corporacion Ceramica 15.2 3.3
21 Kraft Foods Peru 64.3 10.9
22 Molltalia 84.8 11.2
23 Forestal Terranova 215.3 50.0
24 Grupo Lamosa 256.1 10.7
25 Adubos Trevo 174.3 -1.5
26 Electro Sur Medio 26.5 -5.1
27 Comgas 298.0 4.4
28 Medica Sur 74.5 -1.9
29 Fruticola Viconto 16.3 31.2
30 Almacenes Coppel 829.9 26.2
31 Vitro 2,846.6 13.0
32 Soprocal 13.2 14.6
33 Minsur 159.0 -3.1
34 Unefo n 259.2 125.1
35 Industrias CH 354.5 33.6
36 IPAL 23.4 69.0
37 Geracao Paranapanema 178.2 9.7
38 Bayer 39.0 12.5
39 Metalurgica Riosulense 6.8 -14.8
40 Granoleo 3.2 265.6
41 Embotelladora Latinoamericana 124.5 1.9
42 Besalco 91.9 -1.2
43 Cemento Melon 162.3 1.2
44 Editorial Diana 10.4 -3.2
45 Computec 10.7 9.3
46 Ferryros 201.0 -1.9
47 Hornos 4.8 69.7
48 Grupo Televisa 2,048.7 3.9
49 Agunsa 95.0 3.8
50 San Juan 28.3 18.2
REVENUES NET INCOME
12-months
ended
RANK COMPANY % GROWTH Sept. 30, 200
3 Years US$ Millions
1 Pesquera Itata 23.8 8.4
2 America Movil 22.1 40.2
3 Grupo TMM 167.5 177.7
4 Essbio 12.7 14.3
5 Pucobre 21.6 12.1
6 Colbun 9.4 49.4
7 Tractebel 12.9 60.1
8 Andacor 5.8 0.3
9 Eternit 6.6 1.1
10 Pehuenche 14.1 23.6
11 Siderca 19.6 440.3
12 Alsea 25.6 11.6
13 UCP Backus Johnston 16.4 57.8
14 Corporacion Aceros Arequipa 10.7 20.2
15 Sintex 8.4 4.1
16 Maquinaria Diesel 12.1 1.0
17 General de Seguros 15.3 5.6
18 Essel 21.9 6.1
19 Alicorp 3.6 5.3
20 Corporacion Ceramica 4.2 1.2
21 Kraft Foods Peru 9.1 6.1
22 Molltalia 10.1 5.3
23 Forestal Terranova 22.1 21.5
24 Grupo Lamosa 11.7 21.6
25 Adubos Trevo 15.5 7.6
26 Electro Sur Medio 4.5 3.4
27 Comgas 25.1 17.4
28 Medica Sur 22.8 10.5
29 Fruticola Viconto 5.4 1.7
30 Almacenes Coppel 27.8 59.5
31 Vitro 2.3 25.8
32 Soprocal 1.2 0.1
33 Minsur 8.5 149.9
34 Unefo n 125.1 -90.2
35 Industrias CH 32.2 39.4
36 IPAL 27.5 0.7
37 Geracao Paranapanema -10.1 15.8
38 Bayer 7.9 2.5
39 Metalurgica Riosulense 10.8 0.2
40 Granoleo 42.4 4.4
41 Embotelladora Latinoamericana 1.9 0.4
42 Besalco -0.2 4.4
43 Cemento Melon -3.3 21.0
44 Editorial Diana 0.3 0.3
45 Computec 13.9 1.9
46 Ferryros -1.9 0.5
47 Hornos 28.3 1.3
48 Grupo Televisa 3.8 254.4
49 Agunsa 12.4 8.7
50 San Juan 3.5 5.4
NET INCOME
RANK COMPANY % GROWTH % GROWTH
1 Year 3 Years
1 Pesquera Itata 4,548.8 1,562.3
2 America Movil 1,625.9 1,625.9
3 Grupo TMM 540.8 354.4
4 Essbio 1,631.5 1,631.5
5 Pucobre 203.5 212.4
6 Colbun 2,048.7 2,048.7
7 Tractebel 264.0 264.0
8 Andacor 2,262.1 865.1
9 Eternit 643.2 169.5
10 Pehuenche 8,019.4 2,727.9
11 Siderca 237.9 183.9
12 Alsea 328.8 98.1
13 UCP Backus Johnston 192.8 68.7
14 Corporacion Aceros Arequipa 177.3 170.1
15 Sintex 332.9 197.3
16 Maquinaria Diesel 778.2 214.3
17 General de Seguros 2,980.1 986.9
18 Essel 69.9 69.9
19 Alicorp 848.2 460.1
20 Corporacion Ceramica 453.9 218.3
21 Kraft Foods Peru 68.2 497.7
22 Molltalia 64.1 207.0
23 Forestal Terranova 35.8 48.2
24 Grupo Lamosa 144.8 28.8
25 Adubos Trevo 167.8 93.8
26 Electro Sur Medio 1,602.3 471.9
27 Comgas 50.0 117.5
28 Medica Sur 153.3 78.8
29 Fruticola Viconto 97.1 42.7
30 Almacenes Coppel 60.8 13.4
31 Vitro 275.2 27.3
32 Soprocal 123.4 76.5
33 Minsur 241.6 107.2
34 Unefo n 21.7 21.7
35 Industrias CH 63.9 1.8
36 IPAL 45.9 6.3
37 Geracao Paranapanema 435.4 271.5
38 Bayer 64.8 35.2
39 Metalurgica Riosulense 773.1 359.0
40 Granoleo 230.5 -124.7
41 Embotelladora Latinoamericana 121.6 121.6
42 Besalco 496.4 115.5
43 Cemento Melon 352.1 182.9
44 Editorial Diana 453.2 144.8
45 Computec 29.7 45.1
46 Ferryros 256.1 256.1
47 Hornos 235.4 -210.4
48 Grupo Televisa 108.2 53.8
49 Agunsa 89.6 17.8
50 San Juan 65.0 22.0
RANK COMPANY WEBSITE
1 Pesquera Itata itata.com
2 America Movil americamovil.com
3 Grupo TMM grupotmm.com
4 Essbio essbio.cl
5 Pucobre N/A
6 Colbun colbun.cl
7 Tractebel gerasul.com.br
8 Andacor elcoloradoski.cl
9 Eternit eternit.com.pe
10 Pehuenche pehuenche.cl
11 Siderca siderca.com.ar
12 Alsea alsea.com.mx
13 UCP Backus Johnston backus.com.pe
14 Corporacion Aceros Arequipa acerosarequipa.com
15 Sintex sintex.cl
16 Maquinaria Diesel madisa.com
17 General de Seguros generaldeseguros.com.mx
18 Essel essel.cl
19 Alicorp alicorp.com.pe
20 Corporacion Ceramica N/A
21 Kraft Foods Peru kraft.com
22 Molltalia molitalia.com.pe
23 Forestal Terranova terranova.com
24 Grupo Lamosa lamosa.com
25 Adubos Trevo adubostrevo.com.br
26 Electro Sur Medio N/A
27 Comgas comgas.com.br
28 Medica Sur medicasur.com.mx
29 Fruticola Viconto viconto.cl
30 Almacenes Coppel coppel.com
31 Vitro vto.com
32 Soprocal soprocal.cl
33 Minsur minsur.com.pe
34 Unefo n unefon.com.mx
35 Industrias CH N/A
36 IPAL ipal.cl
37 Geracao Paranapanema dukeenergy.com.br
38 Bayer bayer.com.pe
39 Metalurgica Riosulense riosulense.com.br
40 Granoleo avipal.com.br
41 Embotelladora Latinoamericana cocacola.com.pe
42 Besalco besalco.cl
43 Cemento Melon melon.cl
44 Editorial Diana editorialdiana.com.mx
45 Computec computec.com.co
46 Ferryros ferreyros.com.pe
47 Hornos N/A
48 Grupo Televisa televisa.com.mx
49 Agunsa agunsa.cl
50 San Juan N/A
SOURCE: Economatica, LATIN TRADE.
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