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Still Growing.


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 will grow slower this year, but nobody's using the "r" word just yet.

SCENES FROM AN ECONOMIC BUST bust

To cancel an order after it has been filled. In most cases, cancellation occurs only under unusual circumstances, such as an error or a misunderstanding. Also called break.
? Not hardly, at least not 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. :

* Brazilian plane-maker Embraer is roaring ROARING. A disease among horses occasioned by the circumstance of the neck of the windpipe being too narrow for accelerated respiration; the disorder is frequently produced by sore throat or other topical inflammation.
     2.
 ahead with 2001 sales expected to push 40% growth for the third straight year.

* Brazilian supermarket chain Pao de Acucar posted 20% growth in sales to US$3.9 billion last year. 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.
 LATIN TRADE'S exclusive survey of top analysts from 10 leading international banks and brokerages, it will match that same pace again this year, too.

* Mexican Mexican

named after or originating in Mexico.


Mexican axolotl
see ambystomamexicanum.

Mexican beaded lizard
(Heloderma horridum
 retailer 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.  tripled its sales with the purchase of U.S.-based computer seller .CompUSA CompUSA, Inc. is a retailer and reseller of consumer electronics, technology products and computer services. CompUSA serves consumer retail, small-to-medium businesses, corporate, government and education customers.  in 2000. This year, revenue growth will be "more moderate" at almost 20%, according to the consensus of top stock analysts.

Latin American companies will feel the global 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.
 this year, but they won't won't  

Contraction of will not.


won't will not
won't will
 crash in 2001. Overall, 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.  100 posted sales growth of almost 25% last year, with profits increasing an impressive 62%. More remarkable still, our analysts' consensus forecast indicates that consumer-oriented businesses, as well as mergers and acquisitions, should boost sales this year and next. This comes from top people at Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. , CS First Boston First Boston Corporation was a New York-based investment bank, founded in 1932 and acquired by Credit Suisse in 1988, when it became 'CS First Boston'. Globally referred to as Credit Suisse First Boston after 1996, the First Boston part of the name was phased out in 2006. , Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , ING Barings, Interacciones Casa de Bolsa Bolsa

Spanish for stock exchange.
, J.P. Morgan Morgan, American family of financiers and philanthropists.

Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking.
 Chase, Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Dean Witter Dean Witter may refer to:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
, Salomon Noun 1. Salomon - American financier and American Revolutionary War patriot who helped fund the army during the American Revolution (1740?-1785)
Haym Salomon
 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. , Santander Santander, city (1990 pop. 194,221), capital of Cantabria prov., N Spain, in Cantabria, on the Bay of Biscay. It is a seaport, fishing center, and a popular resort. On the nearby peninsula of Magdalena is a former royal summer palace.  Central Hispano His·pa·no  
n. pl. His·pa·nos
1. A native or resident of Spanish descent living in the southwest United States.

2. A Hispanic.
 Investments and Unibanco.

No company better illustrates the current environment than Enersis, the Chile-based power concern with operations in Argentina Argentina (ärjəntē`nə, Span. ärhāntē`nä), officially Argentine Republic, republic (2005 est. pop. 39,538,000), 1,072,157 sq mi (2,776,889 sq km), S South America. , Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. , Colombia Colombia (kəlŭm`bēə, Span. kōlōm`byä), officially Republic of Colombia, republic (2005 est. pop. 42,954,000), 439,735 sq mi (1,138,914 sq km), NW South America. Bogotá is the capital and largest city.  and Peru. First quarter sales rose behind increased energy consumption in Argentina and Brazil. Our forecast foresees the majority-owned affiliate of Spain's Endesa ENDESA Empresa Nacional de Electricidad, S.A. (Spanish electric utility)  emerging as the fastest-growing company in Latin America in 2001, when measured by revenue.

The reason? Even as Enersis shed $1.4 billion in assets last year, the company invested $1.25 billion to buy outstanding shares in its Chilean distribution units Chilectra and Rio See RapidIO and MP3.  Maipo Maipo may refer to
  • Maipo town
  • Maipo (volcano)
  • Maipo Island
  • Maipo River
  • Maipo Valley
  • Maipo Province
See also
  • Maipú
. It also bought an additional 10% stake in Argentine Argentine

having some relationship with the country Argentina.


Argentine tick
margaropuswinthemi.

Argentine tortoise
geochelonechilensis.
 distributor Edesur and Chilean telecommunications company See telecom company.  Smartcom An earlier family of communications programs for PCs and Macs from Hayes. Versions emulated several terminals and supported a variety of protocols, including the Hayes V-series.  for $300 million. The portfolio rearrangement re·ar·range  
tr.v. re·ar·ranged, re·ar·rang·ing, re·ar·rang·es
To change the arrangement of.



re
 will reduce debt, increase sales and prepare the company for takeover opportunities in Brazil and 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.
. It will also seek to integrate power grids between Chile and Argentina, Argentina and Brazil, Uruguay and Brazil, and Bolivia and Brazil.

Power onslaught. "The matter of 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.
 is a line of business that we perceive to be attractive," Enersis President Alfredo Llorente said at a recent press conference in Santiago.

With California-style blackouts threatening southern Brazil, many companies see opportunity in connecting power systems across borders--a practice that has been a hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London.  of Enersis's cross-border operations with Argentina.

The power onslaught surges into forecasts for reduced economic growth, yet electricity providers are not the only ones expanding. Even after analysts recently whacked economic growth projections back to less than 4.0% in Brazil, phone companies, retailers and makers of consumer products are expected to outpace out·pace  
tr.v. out·paced, out·pac·ing, out·pac·es
To surpass or outdo (another), as in speed, growth, or performance.


outpace
Verb

[-pacing,
 the regional average of just less than 10% annual growth in sales.

Bompreco, the Brazilian affiliate of Dutch supermarket chain Royal Ahold a·hold  
n.
Hold; grip: "I knew I could make it all right if I got . . . back to the hotel and got ahold of that bottle of brandy" Jimmy Breslin. 
, shows no signs of slowing down in 2001. Its hypermarkets across northeastern Brazil are expected to generate almost 20% growth this year. Nor has the country's No. 3 retail chain lost sight of the bottom line: profits are expects to swell tenfold tenfold
Adjective

1. having ten times as many or as much

2. composed of ten parts

Adverb

by ten times as many or as much

Adj. 1.
 this year to almost $21 million. Such has been the growth that Royal Ahold is acquiring the company's outstanding shares for almost $54 million.

The Dutch retailer's sales in Argentina, Brazil, Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific.  and Chile increased 8.8% to 1.2 billion euro (about $1.1 billion) during the first quarter, further evidence that domestically focused businesses are not yet feeling the global slowdown. "Ahold is flourishing flour·ish  
v. flour·ished, flour·ish·ing, flour·ish·es

v.intr.
1. To grow well or luxuriantly; thrive: The crops flourished in the rich soil.

2.
 in Latin America," President Cees van der Hoeven told shareholders in The Hague in May.

Similarly, Brazilian phone company Telemar is moving ahead rapidly. The country's largest fixed-line operator has averaged 25% compound annual growth since 1998. Analysts predict this year will see more of the same, albeit at a somewhat slower rate. The big concern for the phone company with operations in 16 Brazilian states will be profitability. Increased competition will cut into profits this year.

Many of the fastest-growing companies are taking over competitors. Mexico's Cemex recently acquired Thailand's Saraburi 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.  Company for $73 million and U.S.-based Southdown Southdown

an English downs type of short-woolled, meat sheep; polled, gray-brown face and legs. The origin of many crossbred flocks and popular sire of terminal fat-lamb cross. Dystocia is a problem in purebred flocks.
 for $2.9 billion. Similarly. AntarChile's purchase of the outstanding shares of Copec gave the Chilean holding group the highest rate of sales growth in the region last year. Strong paper prices will lift performance this year for Copec, as well as Brazilian paper-maker Klabin.

Thanks to the purchase of southern phone company Companhia Riograndense de Telecommunicacoes, via holding TBS TBS Tablespoon
TBS Tokyo Broadcasting System, Inc.
TBS Treasury Board Secretariat (Canada)
TBS Tris-Buffered Saline
TBS Tris Buffered Saline
TBS Turn Based Strategy (games) 
 Participacoes, Brasil Telecom Brasil Telecom S.A. (BrT) is a major Brazilian telecommunications company headquartered in the Brazilian capital of Brasilia. The company is one of three land line telephone companies in Brazil that emerged from the break-up of Telebrás.  is expected to achieve a 44% increase in sales and an almost sixfold sixfold
Adjective

1. having six times as many or as much

2. composed of six parts

Adverb

by six times as many or as much

Adj. 1.
 rise in profits this year, according to our consensus forecast. "The second quarter traditionally has higher traffic [than the first quarter] ... and the third quarter is the best performing," Brasil Telecom President Henrique Neves told analysts during a recent conference call.

Mexico and Argentina in 2002. The upbeat numbers hide a disappointing first quarter in terms of network traffic. They also fail to mention a growing legal battle with minority shareholder Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy.

Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina.
, which Brasil Telecom claims improperly im·prop·er  
adj.
1. Not suited to circumstances or needs; unsuitable: improper shoes for a hike; improper medical treatment.

2.
 used privileged information to block a takeover attempt Noun 1. takeover attempt - an attempt to take control of a corporation
bear hug - a takeover bid so attractive that the directors of the target company must approve it or risk shareholder protest
 of a local phone company.

Nonetheless, 2001 should be the year for Brazilian companies This is a list of major companies based in Brazil. Please note that the list is highly incomplete and does not have thousands of companies of different sizes. Links should only point to the Wikipedia article, and not to a web page URL. . They account for a greater number of the Top 100 companies, and most analysts are projecting that they will achieve higher than average regional growth this year.

Mexican and Argentine companies This article intends to list the most important companies of Argentina. Food
  • Arcor (candy, food)
  • Bunge y Born (cereals, vegetal oil)
  • Cerveza Quilmes (beer)
  • Circo (supermarket)
Aeronautics
  • Aero Boero
 will turn in so-so performances this year, but they are expected to make a very good showing in 2002. Only a handful of Mexican companies This is a List of Mexican companies:
  • Aero California, airline
  • Aerolitoral, airline
  • Aeroméxico, airline
  • Aeromexpress, cargo airline
  • Alestra, telecommunications
  • Alfa, conglomerate
  • Alpek, petrochemicals
  • Alpura, dairy
  • América Móvil
 and one Argentine concern--energy company Perez Companc--are expected to outpace the Latin American average for sales growth in 2001. But, in 2002, Mexico-based retailers Grupo Elektra Grupo Elektra is a Mexican financial and retail corporation owned by Grupo Salinas. It is listed on the New York Stock Exchange (EKT), the Bolsa Mexicana de Valores (ELEKTRA*) and on the Spanish Stock Market Latibex (XEKT). , Wal-Mart de Mexico and Organizacion Soriana will rank among the 15 fastest-expanding companies in Latin America, largely thanks to an improving Mexican economy.

More impressive is the 2002 forecast for Argentine companies. Renault Argentina posted an awful $143 million loss in 2000 with only a small improvement expected in 2001. Yet Carlos Ghosn, president of Renault's partner Nissan Motors “Nissan” redirects here. For other uses, see Nissan (disambiguation).
Nissan Motor Company, Limited (日産自動車株式会社
, announced in April 2000 a $300 million investment to launch five new vehicles in five years. A key component in that Nissan strategy is Renault Argentina. Analysts believe the Brazilian-born executive's strategy will jump-start the troubled Argentina-based automaker next year.

Telecom Argentina Telecom Argentina S.A. (NYSE: TEO, Buenos Aires Stock Exchange:TECO2) is the major local telephone company for the northern part of Argentina, including half of the city of Buenos Aires. Briefly known as Sociedad Licenciataria Norte S.A. , yet another lackluster lack·lus·ter  
adj.
Lacking brightness, luster, or vitality; dull. See Synonyms at dull.

Adj. 1. lackluster - lacking brilliance or vitality; "a dull lackluster life"; "a lusterless performance"
 performer in 2000 and 2001, should come roaring back in 2002. Analysts are predicting that sales will grow just 5% next year, but profits will almost quadruple quad·ru·ple  
adj.
1. Consisting of four parts or members.

2. Four times as much in size, strength, number, or amount.

3. Music Having four beats to the measure.

n.
. Deregulation Deregulation

The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.

Notes:
Traditional areas that have been deregulated are the telephone and airline industries.
 and recession dealt a deadly double blow to the Argentine phone company, but an end is in sight for the tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic  wars that have reduced domestic and international long distance rates 65% and 81%, respectively, since their September 1996 peak. Even better news: the Argentine economy is expected to resume growth. As Santander Central Hispano Investment Securities analyst Eduardo Herrera puts it, "Telecom Argentina is not only a play on the fundamentals of the company but also a play on Argentine fundamentals."

On a regional level, the same argument could be applied: All of the major economies are forecast to grow this year and next, so consumer-oriented companies should benefit. This expansion will push sales higher and, if companies are well-managed, force up profits, too.
TOP 100 SCORECARD
                              LT '01  LT '00  LT '99  LT '98
Sales (US$ billions)           283.6   227.5   233.5   247.9
Profits (US$ billions)          23.2    14.3    18.3    29.2
Reduced sales (# of firms)        12      51      45      32
Reduced profits (# of firms)      40      60      58      41
WINNERS                                       LOSERS
                             US$    % Change
                           Mill.       99/00
REVENUES
Antarchile               3,611.1  124,420.7%  ICA
Grupo Sanborns           5,707.3       338.8  Renault Argentina
Grupo Carso              9,302.0       117.7  Belgo Mineira
Group Minero de Mexico   3,621.4       100.0  D&S
Copesul                  1,233.6        78.3  CTC
NET INCOME
Belgo Mineira              302.6    1,283.3%  Panamco
Cemig                      212.2     1,028.7  Bunge Alimentos
CSN                        908.9       725.2  Renault Argentina
Telemar                    362.8       578.3  Cantv
Telemig                    258.0       463.4  Grupo Televisa
TOTAL ASSETS
Antarchile               7,236.8      341.4%  Belgo Mineira
Serrana                  1,668.1       112.3  Souza Cruz
Grupo Sanborns           4,014.3        90.9  Telmex
AmBev                    4,418.4        45.7  Panamco
Cemex                   15,838.1        42.2  Acesita
WINNERS
                             US$  % Change
                           Mill.     99/00
REVENUES
Antarchile               1,200.2    -19.8%
Grupo Sanborns             971.7     -14.7
Grupo Carso              1,149.5     -11.1
Group Minero de Mexico   1,398.3      -8.9
Copesul                  1,475.2      -8.1
NET INCOME
Belgo Mineira             -504.7   -742.4%
Cemig                      -27.1    -313.4
CSN                       -142.8    -301.3
Telemar                   -128.8    -193.6
Telemig                    -82.6    -173.9
TOTAL ASSETS
Antarchile               2,023.0    -32.5%
Serrana                  1,164.9     -29.5
Grupo Sanborns          16,415.8     -21.1
AmBev                    3,026.3     -16.2
Cemex                    2,671.2     -11.2
BREAKDOWN OF 2000 SALES BY SECTOR
TELECOM      21%
OIL & GAS    18%
RETAIL       16%
HOLDINGS     12%
ELECTRICITY   9%
BEVERAGE      6%
STEEL         6%
OTHER        12%
Note: Table made from pie chart
Ranked by net revenues as of Dec. 31 2000, in US$ millions.
RANK       COMPANY                    COUNTRY    SECTOR
'01   '00
 1     1   Petrobras                  Brazil     Oil, gas
 2    --   Telecom Carso Global       Mexico     Telecom
 3     2   Telmex                     Mexico     Telecom
 4     9   Grupo Carso                Mexico     Holding
 5     4   Wal-Mart de Mexico         Mexico     Retail
 6     6   Petrobras Distribuidora    Brazil     Oil, gas
 7     5   Eletrobras                 Brazil     Electricity
 8    64   Grupo Sanborns             Mexico     Retail
 9     7   Cemex                      Mexico     Cement
10    34   CVRD                       Brazil     Mining
11    11   Femsa                      Mexico     Beverages
12    10   Alfa                       Mexico     Holding
13    12   Ipiranga Distribuidora     Brazil     Gas
14     8   Enersis                    Chile      Electricity
15    13   Telemar                    Brazil     Telecom
16    16   Pao de Acucar              Brazil     Retail
17    14   Light                      Brazil     Electricity
18    17   Ipiranga Petroquimica      Brazil     Oil
19    21   Telesp                     Brazil     Telecom
20    40   Grupo Minero de Mexico     Mexico     Mining
21    --   Antarchile                 Chile      Holding
22    19   Copec                      Chile      Paper, pulp
23    15   Telefonica de Argentina    Argentina  Telecom
24    22   Embratel                   Brazil     Telecom
25    23   Comercial Mexicana         Mexico     Retail
26    20   Grupo Industrial Bimbo     Mexico     Food
27    26   Savia                      Mexico     Food
28    18   Telecom Argentina          Argentina  Telecom
29    24   Cintra                     Mexico     Aviation
30    29   Grupo Modelo               Mexico     Beverages
31    25   Vitro                      Mexico     Holding
32    32   Grupo Gigante              Mexico     Retail
33    28   Itausa                     Brazil     Holding
34    30   Varig                      Brazil     Aviation
35    --   AmBev                      Brazil     Beverages
36    39   Gerdau                     Brazil     Steel
37    35   Organizacion Soriana       Mexico     Retail
38    27   Cantv                      Venezuela  Telecom
39    38   Embraer                    Brazil     Aviation
40    33   Panamco                    Mexico     Beverages
41    31   Desc                       Mexico     Holding
42    36   Eletropaulo Metropolitana  Brazil     Electricity
43    47   Brasil Telecom             Brazil     Telecom
44    41   Grupo Imsa                 Mexico     Steel
45    37   Grupo Televisa             Mexico     Media
46    48   Ericsson                   Brazil     Electronics
47    45   Usiminas                   Brazil     Steel
48    50   Gruma                      Mexico     Food
49    --   Bunge Alimentos            Brazil     Food
50    51   CSN                        Brazil     Steel
NET REVENUES                                   NET INCOME
        2000   % Change      2001F      2002F        2000  % Change
   US$ Mill.      99/00  US$ Mill.  US$ Mill.   US$ Mill.     99/00
    25,459.0       53.9   20,707.3   18,345.7     5,084.6     417.8
    12,919.3       26.1        N/A        N/A       662.4      53.3
    10,700.9       19.5   11,093.6   11.678.8     2,765.4       4.7
     9,302.0      117.7   10,343.3   10,845.3       271.3     -47.4
     7,725.2       20.9    8,603.1    9,730.9       372.6      -0.1
     6,256.2       21.7        N/A        N/A       142.3     448.4
     6,250.5        2.2    6,706.7    6,631.3     1,255.9     287.0
     5,707.3      338.8    6,714.0    7,026.0       113.2      -6.5
     5,648.9       24.6    6,840.0    7,037.0     1,004.3      10.0
     4,875.7       25.0    5,236.5    5,592.6     1,090.7      55.9
     4,748.6       18.7    5,039.1    5,502.4       264.8     -13.7
     4,712.7       11.1    4,768.0    5,255.5       178.7     -42.8
     4,572.0       17.7        N/A        N/A        31.1     -35.9
     4,512.9        5.2    7,959.9    9,086.4       157.0     206.3
     4,156.2       19.5    4,803.0    5,493.0       362.8     578.3
     3,902.0       20.3    4,778.7    5,521.9       169.9     389.6
     3,856.2       11.4    3,781.0    4,054.4      -139.1       1.7
     3,785.1       17.6        N/A        N/A        23.7     -56.1
     3,738.2       26.3    4,018.6    4,320.0       751.8      82.8
     3,621.4      100.0    3,541.7    3,828.6       255.5      29.3
     3,611.1  124,420.7        N/A        N/A       186.9     186.2
     3,609.2       13.6    4,358.7    4,688.5       434.6      54.6
     3,581.0        4.5        N/A        N/A       266.0     -37.4
     3,433.8       18.5    3,799.5    4,155.0       295.1      28.2
     3,302.4       15.7    3,475.0    3,833.9       115.2     -12.7
     3,288.4       11.2    3,262.1    5,392.6       189.8      -6.2
     3,220.6       22.3        N/A        N/A      -319.3    -163.6
     3,214.0        1.1    3.302.1    3,480.9       224.0     -33.7
     3,212.5       17.3        N/A        N/A        78.0     -32.7
     3,064.0       18.6    3,222.1    3,489.5       340.7      12.8
     2,925.2        8.7    2,955.5    3,061.0        35.4     -47.6
     2,842.2       17.7    2,986.4    3,320.3       106.1       8.8
     2,769.1        5.1        N/A        N/A       451.3     -15.1
     2,721.7        9.5        N/A        N/A       -91.3     -72.3
     2,685.0       47.9    2,932.7    3,208.5       240.5      33.5
     2,657.3       43.6    2,916.0    3,121.0       111.5      -3.5
     2,649.4       22.0    2,858.9    3,231.1       161.6      -7.4
     2,607.9       -1.5    2,561.5    2,389.3      -128.8    -193.6
     2,607.8       38.6    3,536.0    4,124.0       329.9      43.2
     2,599.4        7.6    2,776.7    2,974.8      -504.7    -742.4
     2,448.7        0.2    2,480.5    2,510.3        28.7     -84.6
     2,370.7        9.8    2,559.5    2,778.7       122.2     -46.0
     2,306.5       34.9    3,329.0    3,876.0       209.5      71.9
     2,216.0       23.5    2,304.7    2,526.0       142.8     -41.1
     2,173.3       15.1    2,190.0    2,432.0       -82.6    -173.9
     2,006.2       17.6        N/A        N/A       116.4     340.5
     2,005.4       15.3    2,177.9    2,360.8       108.1     -34.6
     1,901.2       18.7    1,903.1    1,922.1        24.3     184.1
     1,839.0       13.5        N/A        N/A       -27.1    -313.4
     1,775.8        8.2    1,886.5    2,114.6       908.9     725.2
NET REVENUES                        TOTAL ASSETS
        2000      2001F      2002F          2000  % Change
   US$ Mill.  US$ Mill.  US$ Mill.     US$ Mill.     99/00
    25,459.0    4,451.0    3,676.0      34,253.4       8.2
    12,919.3        N/A        N/A      26,798.4      37.7
    10,700.9    2,241.8    2,384.8      16,415.8     -21.1
     9,302.0      196.3      296.1       8,861.3      32.8
     7,725.2      393.0      451.6       5,192.5      16.4
     6,256.2        N/A        N/A       1,700.1      10.6
     6,250.5      675.9      459.8      46,628.8      -1.7
     5,707.3        N/A        N/A       4,014.3      90.9
     5,648.9    1,065.8    1,140.7      15,838.1      42.2
     4,875.7    1,222.0    1,397.5      12,187.0      10.3
     4,748.6      270.7      363.2       4,719.6      11.7
     4,712.7       71.3      148.5       7,606.3       7.0
     4,572.0        N/A        N/A       1,007.6      -3.1
     4,512.9      127.7      235.9      19,269.0      -8.3
     4,156.2      299.0      350.5       9.957.9      -1.3
     3,902.0      214.8      241.3       3,421.8      18.8
     3,856.2      162.6       73.3       7,735.5      -2.4
     3,785.1        N/A        N/A         831.0      -5.0
     3,738.2      771.3      873.2      10,217.3       2.4
     3,621.4      238.0      356.0       8,723.4      -2.0
     3,611.1        N/A        N/A       7,236.8     341.4
     3,609.2      642.7      703.3       7,118.2       9.5
     3,581.0        N/A        N/A       7,399.0       0.2
     3,433.8      340.7      466.0       6,015.3      11.5
     3,302.4      117.0      130.9       2,115.0      10.4
     3,288.4      186.0      204.4       2,572.2       9.6
     3,220.6        N/A        N/A       6,598.5       7.0
     3,214.0       72.4      261.1       7,144.0       1.5
     3,212.5        N/A        N/A       2,134.5       7.1
     3,064.0      372.6      410.5       4,732.5      14.8
     2,925.2       22.5       45.2       3,352.1       2.4
     2,842.2      105.4      128.7       1,829.5       9.0
     2,769.1        N/A        N/A      36,966.5      22.5
     2,721.7        N/A        N/A       1,574.9       0.6
     2,685.0      356.0      505.2       4,418.4      45.7
     2,657.3      182.0      243.5       3,574.3      -1.0
     2,649.4      161.1      181.1       1,814.0      18.8
     2,607.9      144.0      163.3       6,633.9      -0.8
     2,607.8      583.0      678.0       2,607.7      34.8
     2,599.4      127.6      181.4       3,026.3     -16.2
     2,448.7       49.8       68.3       3,354.7       7.6
     2,370.7      234.0      388.1       4,406.5      -2.7
     2,306.5      484.5      550.5       7,266.5      36.5
     2,216.0      167.0      243.0       2,794.7      18.7
     2,173.3      234.8      280.0       4,700.4       3.5
     2,006.2        N/A        N/A       1,722.1     -11.1
     2,005.4      153.6      211.8       6,579.2       0.3
     1,901.2       27.6       32.3       2,279.9       6.0
     1,839.0        N/A        N/A       1,724.4      17.4
     1,775.8      313.5      412.0       7,814.9      11.8
51   58   Cemig                     Brazil     Electricity
52   79   Vapores                   Chile      Navigation
53   59   KOF Coca-Cola Femsa       Mexico     Beverages
54   43   Sabesp                    Brazil     Water
55   46   Brasmotor                 Brazil     Home Appliances
56   61   Kimberly Clark de Mexico  Mexico     Paper, pulp
57   49   Multibras                 Brazil     Home Appliances
58   66   Puerto de Liverpool       Mexico     Retail
59   63   Saba Casa Grupo           Mexico     Retail
60   60   Nadro                     Mexico     Retail
61   52   Endesa                    Chile      Electricity
62   76   Grupo Elektra             Mexico     Retail
63   62   Hylsamex                  Mexico     Steel
64   84   Copene                    Brazil     Petrochemicals
65   54   CTC                       Chile      Telecom
66   56   Sadia                     Brazil     Food
67   68   Perez Companc             Argentina  Petrochemicals
68   70   CPFL                      Brazil     Electricity
69   72   LanChile                  Chile      Aviation
70   73   Telesp Celular            Brazil     Telecom
71   57   D&S                       Chile      Retail
72   75   CMPC                      Chile      Paper, pulp
73   67   Bompreco                  Brazil     Retail
74   71   Telefonica del Peru       Peru       Telecom
75   69   Altos Hornos de Mexico    Mexico     Steel
76   78   Suzano                    Brazil     Paper, pulp
77   --   Almacenes Exito           Colombia   Retail
78   82   Grupo Corvi               Mexico     Retail
79   --   Copesul                   Brazil     Petrochemicals
80   81   EBE                       Brazil     Electricity
81   55   ICA                       Mexico     Construction
82   87   Globex                    Brazil     Retail
83   86   Telerj                    Brazil     Telecom
84   65   Belgo Mineira             Brazil     Steel
85   --   Serrana                   Brazil     Holding
86   80   Falabella                 Chile      Retail
87   --   Acesita                   Brazil     Steel
88   --   Astra                     Argentina  Oil, gas
89   83   Souza Cruz                Brazil     Tobacco
90   88   Copel                     Brazil     Electricity
91   --   Siderurgica de Tubarao    Brazil     Steel
92   --   Refinaria Ipiranga        Brazil     Petrochemicals
93   89   Industrias Penoles        Mexico     Mining
94   93   Telemig                   Brazil     Telecom
95   77   Renault Argentina         Argentina  Autoparts
96   97   Klabin                    Brazil     Paper, pulp
97   92   Ultrapar                  Brazil     Holding
98   100  Apasco                    Mexico     Cement
99   --   Bachoco Industrias        Mexico     Food
100  --   Pepsi-Gemex               Mexico     Beverages
1,773.6   16.4  1,861.3  2,084.9   212.2  1,028.7  256.2  413.8
1,743.0   61.3      N/A      N/A    43.1     39.0    N/A    N/A
1,732.6   18.5  1,825.5  1,959.5   135.0     34.1  178.9  208.6
1,716.1   -5.1  1,640.5  1,754.0   266.7    302.6  265.6  404.5
1,679.3   -3.1      N/A      N/A    29.2    267.2    N/A    N/A
1,661.7   14.0  1,735.5  1,840.0   316.8      4.4  329.0  361.0
1,641.1   -3.8      N/A      N/A    55.3    339.7    N/A    N/A
1,638.7   28.1      N/A      N/A   123.5     11.8    N/A    N/A
1,627.4   17.8      N/A      N/A    41.6    260.1    N/A    N/A
1,601.3    8.7      N/A      N/A    29.3    -36.6    N/A    N/A
1,538.5   -5.4  1,532.2  1,597.5   188.6    156.5  169.5  205.0
1,538.3   27.6  1,705.2  1,953.9   117.3     43.0  179.0  183.8
1,483.3    3.4  1,322.0  1,511.5    16.7    -76.7  -57.5   43.5
1,481.8   46.6      N/A      N/A   116.4     25.6    N/A    N/A
1,475.2   -8.1  1,613.0  1,769.2  -198.7   -108.5   82.5  130.6
1,473.4   -5.1  1,683.5  1,752.2    57.7     25.5   72.9   81.6
1,449.0   13.8  1,633.0  1,693.7   267.0    310.8  272.0  300.0
1,425.7   13.8  1,442.8  1,491.9    39.8    -42.6   76.2   64.1
1,424.5   15.1  1,590.5  1,669.6    48.4      1.5   57.6   84.3
1,414.9   14.5  1,603.5  1,679.0    77.8     23.3   22.8   84.3
1,398.3   -8.9  1,612.6  1,892.5    50.0    406.6   57.9   77.3
1,390.1   15.2  1,327.0  1,491.0   205.6    155.8  146.0  225.1
1,337.1    4.9  1,556.5  1,663.7     1.8    117.1   20.9   22.5
1,312.4    5.6      N/A      N/A   116.7    -40.6    N/A    N/A
1,310.2    3.8      N/A      N/A   117.3    -10.7    N/A    N/A
1,278.9   14.7  1,084.5  1,157.2   255.2    410.1  176.6  224.7
1,278.7   -2.8      N/A      N/A    40.4     70.1    N/A    N/A
1,245.7   20.3      N/A      N/A    17.0    -27.4    N/A    N/A
1,233.6   78.3      N/A      N/A    50.8    -35.0    N/A    N/A
1,205.1   15.2  1,303.0  1,347.8    25.7    134.3   78.9  167.1
1,200.2  -19.8  1,126.5  1,233.0  -161.8     -1.1   -2.5    9.5
1,191.7   15.2  1,280.1  1,461.8    30.7     26.3   41.4   59.4
1,179.3   22.8      N/A      N/A   -11.8     94.5    N/A    N/A
1,149.5  -11.1  1,262.2  1,421.2   302.6  1,283.3  117.7  114.4
1,143.1   53.1      N/A      N/A    31.1     27.9    N/A    N/A
1,101.9    4.2  1,138.1  1,297.1    85.8      2.4   95.0  116.3
1,084.0   34.6      N/A      N/A    -7.0     96.8    N/A    N/A
1,079.8   35.2      N/A      N/A    44.3     13.3    N/A    N/A
1,042.2    2.8  1,158.8  1,222.0   252.8    -32.8  260.5  301.3
1,033.7   14.7  1,118.2  1,174.9   220.2     42.1  273.7  354.4
1,008.8   25.6    843.5  1,008.5    81.2    139.8    3.2   73.6
1,006.6   46.2      N/A      N/A    22.6    -17.5    N/A    N/A
  979.3    8.9  1,136.0  1,184.0   -14.3   -118.6   40.0   76.0
  974.8   14.9      N/A      N/A   258.0    463.4    N/A    N/A
  971.7  -14.7    926.2  1,075.5  -142.8   -301.3  -38.2    5.2
  963.5   16.3  1,159.3  1,249.4     7.0    110.8   75.6  124.8
  960.4    9.8      N/A      N/A    65.7     33.8    N/A    N/A
  960.2   18.7    955.0  1,009.7   218.2     26.1  215.8  221.3
  959.9   61.9      N/A      N/A   127.4     48.9    N/A    N/A
  958.1   26.6  1,100.2  1,172.7     7.2    -90.5   47.9   72.3
1,773.6  6,103.1   -4.8
1,743.0  1,081.9   23.1
1,732.6  1,333.8   16.1
1,716.1  7,769.3   -8.1
1,679.3  1,531.0   -4.8
1,661.7  2,170.0    4.2
1,641.1  1,476.0   -4.7
1,638.7  1,712.4   25.3
1,627.4    627.7   28.9
1,601.3    497.0    6.5
1,538.5  9,879.7   -8.9
1,538.3  1,480.9   19.2
1,483.3  3,090.0    4.2
1,481.8  1,917.1   -3.4
1,475.2  5,202.0   -9.9
1,473.4  1,677.6  -10.9
1,449.0  5,487.0    9.0
1,425.7  3,757.4   -5.0
1,424.5  1,156.9   18.4
1,414.9  3,172.8    4.1
1,398.3  1,018.2   -4.6
1,390.1  3,943.1    1.0
1,337.1    981.3    0.1
1,312.4  3,242.8   -0.5
1,310.2  3,604.3    0.3
1,278.9  2,015.8    4.3
1,278.7    843.4  -10.4
1,245.7    403.4   19.1
1,233.6  1,332.0   -7.4
1,205.1  1,346.4   -5.2
1,200.2  2,509.5   -8.6
1,191.7    689.8    7.7
1,179.3  2,956.2    3.7
1,149.5  2,023.0  -32.5
1,143.1  1,668.1  112.3
1,101.9  1,208.7    8.1
1,084.0  2,671.2  -11.2
1,079.8  2,410.9   -1.9
1,042.2  1,164.9  -29.5
1,033.7  4,068.9   -5.5
1,008.8  3,331.7   -7.0
1,006.6  1,194.9   -4.9
  979.3  1,787.8   -2.4
  974.8  1,827.0   12.1
  971.7  1,188.8    4.5
  963.5  2,227.9   25.0
  960.4  1,030.2   -4.1
  960.2  1,602.2    7.1
  959.9  1,005.9    6.4
  958.1  1,096.9   18.9
SOURCE: Economatica, individual stock exchanges, Bear Streams,
CS First Boston, Goldman Sachs, ING Barings, Interacciones
Casa de Bolsa, J.P. Morgan Stanley Dean Witter, Salomon Smith
Barney, Santander Investments, Unibanco, LATIN TRADE
N/A=Not available
F=Forecast


[Graph omitted]

[Graph omitted]
COPYRIGHT 2001 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Author:ZELLNER, MIKE
Publication:Latin Trade
Date:Jul 1, 2001
Words:4816
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