Top 500 companies in Latin America.Being big is the best kind of indicator Indicator Anything used to predict future financial or economic trends. Notes: In the context of technical analysis, an indicator is a mathematical calculation based on a securities price and/or volume. The result is used to predict future prices. : Lots of small companies are extremely well-run, but over time the ultimate test is growth, really big growth that puts a company on the map. So 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. has returned to its annual exercise of naming the names. On the following pages you'll you'll Contraction of you will. you'll you will or you shall you'll will find the top 500 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. , counting both privately held and publicly traded firms, as well as the big state-run operations. We're we're Contraction of we are. we're we are also back to naming winners and losers. Our exclusive Forecast 100--a list you'll find in no other magazine in the world--builds on the consensus of the best investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. in the region. You'll know now who will make more and who will lose ground not only in 2006 but for 2007 as well. We've we've Contraction of we have. we've have broken out the results by country and by sector, and there's a lot of good insight here into which companies are winning and why. There's also full coverage of some of the more interesting cases, in sectors as varied as tourism, oil, retail and food. Read on, and find out what's been going on as the Latin America business boom progresses. 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. continue to dominate the list, in part on the country's overwhelming size in comparison to its neighbors. Yet, in terms of growth, Chilean, Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum , Peruvian and Argentine companies This article intends to list the most important companies of Argentina. Food
Where They Stand Brazil's export boom is evident in the results of the top 500 companies in the region. Brazilian companies surpassed their Mexican counterparts in both total revenue and in revenue growth in 2005. Chile Chile (chĭl`ē, Span. chē`lā), officially Republic of Chile, republic (2005 est. pop. 15,981,000), 292,256 sq mi (756,945 sq km), S South America, west of the continental divide of the Andes Mts. , Venezuela Venezuela (vĕnəzwā`lə, Span. vānāswā`lä), officially the Bolivarian Republic of Venezuela, republic (2005 est. pop. 25,375,000), 352,143 sq mi (912,050 sq km), N South America. and 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. all pulled ahead as well, a clear sign of the effect of high world prices for minerals, oil and soybeans, among other exports. A recovering consumer economy, driven by better returns at the corporate level and rising salaries, also helped. Oil and gas companies represent nearly a third of all companies ranked, but retail is a respectable 10% and telecom, a consumer-driven market thanks to all those cell phones, is a close second. [GRAPHIC OMITTED]
FASTEST GROWING
NET REVENUES
2005 % change
COMPANY COUNTRY US$ millions '05/'04
1 Minera Valparaiso Chile 555.0 381.8
2 Ternium Arg/Lux 4,447.7 178.2
3 Mexichem Mexico 815.8 165.8
4 Southern Copper Corp. Peru 4,112.6 139.7
5 Grupo Simec Mexico 1,211.4 137.7
6 Tenaris Confab Brazil 761.8 127.8
7 Molymet Chile 2,090.4 114.4
8 Cencosud Internacional Argentina 1,745.0 110.1
9 Amsted Maxion Brazil 506.4 107.9
10 Industrias CH Mexico 1,501.8 103.2
LAGGARDS
NET REVENUES
2005 % change
COMPANY COUNTRY US$ millions '05/'04
1 Liquigas Distribuidora Brazil 1,108.1 -49.4
2 Coinbra Brazil 962.2 -27.1
3 Cargill (e) Argentina 2,533.0 -23.7
4 Coamo Agroindustrial Brazil 1,109.2 -22.3
5 Grupo Condumex Mexico 2,064.2 -15.6
6 Varig Brazil 2,838.9 -14.9
7 Caramuru Alimentos Brazil 585.0 -13.6
8 Petruleos del Peru Peru 2,304.0 -12.4
9 Yara Brasil Fertilizantes Brazil 512.8 -12.2
10 Telefonica CTC Chile Chile 1,133.5 -10.2
(e) = Estimate
Ranked by net sales as of Dec. 31, 2005 in US$ millions
'05 '04 COMPANY COUNTRY SECTOR
1 1 Petroleos Mexicanos Mexico Oil, gas
2 2 Petroleos de Venezuela Venezuela Oil, gas
3 4 Petrobras Brazil Oil, gas
4 5 PEMEX Refinacion Mexico Oil, gas
5 7 Comision Federal de Mexico Electricity
Electricidad
6 10 America Movil Mexico Telecom
7 8 Wal-Mart de Mexico Mexico Retail
8 9 Telmex Mexico Telecom
9 17 Cemex Mexico Cement
10 11 Petrobras Distribuidora Brazil Oil, gas
11 13 CVRD Brazil Mining
12 6 PEMEX Gas y Petroquimica Mexico Chemical, Gas
13 24 Organizacion Techint (1) Argentina Holding
14 12 General Motors (1) Mexico Autos
15 -- Empresas Petroleo Brazil Oil, gas
Ipiranga
16 16 Codelco Chile Mining
17 14 DaimlerChrysler Mexico Autos
18 15 FEMSA Mexico Beverage
19 22 Ipiranga Distribuidora Brazil Gas
20 21 Gerdau Brazil Steel
21 20 Eletrobras Brazil Electricity
22 26 Telcel (3) Mexico Telecom
23 28 Ipiranga Petroquimica Brazil Oil, gas
24 19 Odebrecht Brazil Holding
25 23 Grupo Votorantim Brazil Holding
26 18 Bunge Brasil (1) Brazil Holding
27 25 Repsol YPF Argentina Oil, gas
28 31 Copec Chile Oil, gas
29 27 Grupo Carso Mexico Holding
30 29 Tele Norte Leste Brazil Telecom
31 30 Telemar Brazil Telecom
32 33 Volkswagen Mexico Mexico Autos
33 36 Volkswagen do Brasil Brazil Autos
34 51 AmBev Brazil Beverage
35 33 Ecopetrol Colombia Oil, gas
36 58 Tenaris Argentina Steel
37 46 ENAP Chile Oil, gas
38 38 Shell Brasil Brazil Oil, gas
39 80 General Motors do Brasil Brazil Autos
40 37 Grupo Alfa Mexico Holding
41 43 Enersis Chile Electricity
42 41 Telesp Brazil Telecom
43 44 Nissan Mexicana (1) Mexico Autos
44 56 ENAP Refinerias Chile Oil, gas
45 34 Hewlett-Packard Mexico Computers
Mexico (1)
46 40 Grupo Salinas (1) Mexico Holding
47 45 Cia. Brasileira de Brazil Retail
Distribuicao
48 62 Cargill Agricola Brazil Agribusiness
49 50 Braskem Brazil Chemical
50 49 Usiminas Brazil Steel
51 55 Grupo Mexico Mexico Mining
52 53 Carrefour Brazil Retail
53 59 Petroecuador Ecuador Oil, gas
54 48 Grupo Industrial Bimbo Mexico Food
55 35 Bunge Alimentos Brazil Food
56 106 Cencosud Chile Retail
57 42 Vivo (1) Brazil Telecom
58 66 Bodega Aurrera Mexico Retail
59 57 Coca-Cola FEMSA Mexico Beverage
60 70 Chevron Brasil Brazil Chemical, Gas
61 60 Grupo Modelo Mexico Beverage
62 81 Arcelor Brasil (7) Brazil Steel
63 65 Organizacion Soriana Mexico Retail
64 -- Ternium (8) Arg/Luxemburgo Steel
65 68 Sam's Club Mexico Retail
66 78 Minera Escondida Chile Mining
67 72 Brasil Telecom Brazil Telecom
68 67 CSN Brazil Steel
69 -- Coca-Cola Brasil (2) Brazil Beverage
70 89 Fiat Automoveis Brazil Autos
71 73 Wal-Mart Supercenter Mexico Retail
72 157 Southern Copper Peru Mining
73 52 U.S. Commercial Mexico Retail
74 79 DaimlerChrysler do Brazil Autos
Brasil (1)
75 63 Embraer Brazil Aviation
76 96 CSAV Chile Logistics
77 156 Casas Bahia Brazil Retail
78 84 Falabella Chile Retail
79 69 Esso Brasileira Brazil Oil, gas
de Petroleo
80 74 Cont. Comercial Mexicana Mexico Retail
81 77 Grupo Cintra Mexico Airlines
82 76 Grupo Imsa Mexico Steel
83 -- TIM Brasil Brazil Telecom
84 87 AES Elpa Brazil Electricity
85 88 Eletropaulo Brazil Electricity
Metropolitana
86 95 Cemig Brazil Electricity
87 -- Unilever do Brasil (1) Brazil Consumer prod.
88 115 Petrobras Energia Argentina Oil, gas
89 83 Cia. Luz y Fuerza del Mexico Electricity
Centro
90 61 Ford Motor Company Mexico Autos
91 85 Alpek Mexico Chemical
92 104 CPFL Energia Brazil Electricity
93 -- Telmex do Brasil (3) Brazil Telecom
94 103 Correios e Telegrafos Brazil Services
95 -- Belgo Siderurgia (3) Brazil Steel
96 92 Embratel Brazil Telecom
97 91 Telesp Celular Brazil Telecom
(Vivo Part.)
98 82 Cemex Mexico (3) Mexico Cement
99 64 Gerdau Acominas (9) Brazil Steel
100 Sadia Brazil Food
101 100 DyS Chile Retail
102 94 PepsiCo Mexicana Mexico Beverage
103 134 Imsa Acero (3) Mexico Steel
104 97 Grupo Televisa Mexico Media
105 110 Cia. Paulista de Brazil Electricity
Forca e Luz
106 99 Puerto de Liverpool Mexico Retail
107 130 Procter & Gamble de Mexico Consumer prod.
Mexico (1)
108 112 Grupo Elektra Mexico Retail
109 86 Grupo Gigante Mexico Retail
110 102 Nestle Brazil Food
111 93 Ford Motor (1) Brazil Autos
112 75 Varig Brazil Airlines
113 -- Grupo Comercial Mexico Retail
Mexicana (10)
114 123 Grupo Siemens (5) Brazil Electronics
115 146 Grupo Mabe Mexico Electronics
116 -- Grupo Camargo Correa Brazil Holding
117 137 Claro (3) Brazil Telecom
118 120 Extra Hipermercados Brazil Retail
119 133 Oxxo (FEMSA Mexico Retail
Comercio) (3)
120 124 Const. Norberto Brazil Construction
Odebrecht
121 116 Empresas Polar (5) Venezuela Beverage
122 90 Bunge Fertilizantes Brazil Agribusiness
123 119 Itaipu Binacional Bra/Par Electricity
124 122 FEMSA Cerveza (3) Mexico Beverage
125 152 Flextronics Mexico Electronics
Manufacturing (1)
126 136 Grupo Sanborns Mexico Retail
127 71 Cargill (1) Argentina Food
128 118 Wal-Mart Brasil Brazil Retail
129 121 Gruma Mexico Food
130 129 LAN Chile Airlines
131 111 Bunge Argentina (1) Argentina Agribusiness
132 145 Antofagasta Chile Mining
133 162 TAM Brazil Airlines
134 160 Nokia do Brasil (1) Brazil Telecom
135 132 Copesul Brazil Chemical
136 -- Arcelor Brasil Brazil Steel
CST (3) (11)
137 346 Globo Comunicacao (14) Brazil Media
138 131 Celulosa Arauco Chile Paper, pulp
139 127 CANTV Venezuela Telecom
140 114 Nestle Mexico Food
141 128 Desc Mexico Holding
142 98 Petroleos del Peru Peru Oil, gas
143 -- Eletronorte Brazil Electricity
144 47 GE Mexico Mexico Electronics
145 113 Vitro Mexico Glass
146 143 Cosipa Brazil Steel
147 169 Grupo Industrial Lala Mexico Food
148 -- CARHCO Costa Rica Retail
149 150 Perdigao Brazil Food
150 148 Endesa Chile Electricity
151 135 Brasmotor Brazil Electronics
152 158 Furnas Centrais Brazil Electricity
Eletricas
153 147 Refineria La Pampilla Peru Oil, gas
154 173 Neoenergia Brazil Electricity
155 151 Altos Hornos de Mexico Mexico Steel
156 142 Empresas CMPC Chile Paper, pulp
157 140 Multibras Brazil Electronics
158 164 Sabesp Brazil Water
159 246 Molymet Chile Chemical
160 174 Light Brazil Electricity
161 -- Southern Peru Copper Peru Mining
162 180 Copel Brazil Electricity
163 155 Kimberly Clark de Mexico Mexico Paper, pulp
164 107 Grupo Condumex Mexico Autoparts
165 139 Grupo Xignux Mexico Holding
166 149 Grupo Casa Saba Mexico Retail
167 184 Cencosud Supermercados Chile Retail
168 170 Suzano Brazil Holding
169 153 Grupo Ultra Brazil Chemical
170 179 Industrias Penoles Mexico Mining
171 229 Caemi Mineracao e Brazil Mining
Metalurgia
172 165 Sonae (2) Brazil Retail
173 -- Pan American Energy Argentina Oil, gas
174 189 Minera Mexico (4) Mexico Mining
175 138 Copersucar (1) Brazil Food
176 125 PEMEX Petroquimica Mexico Chemical
177 196 Grupo Comercial Mexico Retail
Chedraui (1)
178 -- TIM Cellular Brazil Telecom
179 167 ExxonMobil de Colombia Colombia Oil, gas
180 177 Telecom Argentina Argentina Telecom
181 166 Grupo Aeromexico Mexico Airlines
182 -- Energias do Brasil Brazil Electricity
183 187 Almacenes Coppel Mexico Retail
184 154 Carrefour (6) Argentina Retail
185 197 Metales Penoles (4) Mexico Metallurgy
186 193 Minera Los Pelambres Chile Mining
187 -- Organizacion Terpel Colombia Oil, gas
188 203 Aeropuertos y Servicios Mexico Aviation
189 -- Dow Brasil Brazil Chemical
190 289 Cencosud Internacional Argentina Retail
191 217 Empresas ICA Mexico Construction
192 192 Robert Bosch Brazil Autoparts
193 181 Cia.Min.Dona Ines Chile Mining
de Collahuasi
194 264 MBR Brazil Mining
195 204 Grupo Sigma Mexico Food
196 -- Andrade Gutierrez Brazil Holding
197 202 CGE Chile Electricity
198 -- Grupo JBS-Friboi Brazil Food
199 190 Industrias Unidas Mexico Manufacturing
200 163 BASF Brazil Chemical
201 178 Mexicana de Aviacion Mexico Airlines
202 195 Souza Cruz Brazil Tobacco
203 172 Louis Dreyfus Brazil Agribusiness
Commodities
204 -- Costco de Mexico Mexico Retail
205 176 Mittal Steel Lazaro Mexico Steel
Cardenas
206 194 Almacenes Exito Colombia Retail
207 186 Refinaria Ipiranga Brazil Oil, gas
208 216 Makro Atacadista Brazil Retail
209 207 Minera Yanacocha Peru Mining
210 -- Votorantim Metais Brazil Metallurgy
211 306 Industrias CH Mexico Metallurgy
212 209 Entel Chile Telecom
213 255 Volvo do Brasil Brazil Autos
214 171 Pequiven Venezuela Chemical
215 -- Ripley Chile Retail
216 201 Votorantim Celulose Brazil Paper, pulp
e Papel
217 175 INTEL Costa Rica Computers
218 211 Siderar Argentina Steel
219 161 TenarisSiderca (1) Argentina Steel
220 287 Comcel Colombia Telecom
221 -- GrupoNueva (3) Chile Holding
222 199 Aracruz Brazil Paper, pulp
223 198 CHESF Brazil Electricity
224 200 EPM Colombia Holding
225 206 Pao de Acucar Brazil Retail
226 191 Unilever de Mexico (1) Mexico Consumer prod.
227 208 Embotelladoras Arca Mexico Beverage
228 227 Recope Costa Rica Oil, gas
229 213 Acesita Brazil Steel
230 214 Bachoco Industrias Mexico Food
231 -- Louis Dreyfus (1) Argentina Agribusiness
232 224 Cigatam Philip Morris Mexico Tobacco
233 219 VBC Energia Brazil Electricity
234 252 Grupo Schincariol (2) Brazil Beverage
235 302 Minera Alumbrera (1) Argentina Mining
236 237 Tenedora Nemak Mexico Autoparts
237 240 Caiua Brazil Electricity
238 234 Sodimac Chile Retail
239 241 Celesc Brazil Electricity
240 257 Transpetro Brazil Oil, gas
241 253 Globex Brazil Retail
242 210 Grupo Corvi Mexico Retail
243 248 TIM Participacoes Brazil Telecom
244 262 Arcor Argentina Food
245 225 Ultragaz (3) Brazil Gas
246 230 Farmacias Ahumada Chile Retail
247 -- Oi Brazil Telecom
248 239 ANCAP Uruguay Oil, gas
249 398 Grupo Simec Mexico Steel
250 232 Autoridad del Canal de Panama Transport
Panama
251 221 Organizacion Sahuayo (1) Mexico Retail
252 242 Suzano Bahia Brazil Paper, pulp
253 275 Lojas Americanas Brazil Retail
254 238 Petroquimica Uniao Brazil Chemical
255 -- Pirelli Pneus Brazil Autoparts
256 265 Bavaria Colombia Beverage
257 272 Chilectra Chile Electricity
258 182 Aceitera General Deheza Argentina Agribusiness
259 235 Klabin Brazil Paper pulp
260 260 Paranapanema Brazil Mining
261 245 Coelba Brazil Electricity
262 247 Sears Roebuck Mexico Retail
263 329 Gol Brazil Airlines
264 205 Telefonica CTC Chile Chile Telecom
265 228 Vitro Vidrio Plano (3) Mexico Glass
266 226 Deacero Mexico Steel
267 261 Tractebel Energia Brazil Electricity
268 183 Coamo Agroindustrial Brazil Agribusiness
269 -- Liquigas Distribuidora Brazil Oil, gas
270 236 Telefonica de Argentina Argentina Telecom
271 263 Agrosuper Chile Food
272 271 Enami Chile Mining
273 283 Weg Brazil Manufacturing
274 280 Comgas Brazil Gas
275 250 DuPont Mexico (1) Mexico Chemical
276 273 SHV Gas Brasil (1) Brazil Oil, gas
277 342 Samarco Mineracao Brazil Mining
278 259 Vitro Envases (3) Mexico Bottling
279 -- Grupo ICE Costa Rica Public Services
280 -- Grupo Coimex (1) Brazil Retail
281 233 Telefonica del Peru Peru Telecom
282 267 Sanborn Hermanos Mexico Retail
283 251 CVG Edelca Venezuela Electricity
284 297 Nextel de Mexico (4) Mexico Telecom
285 270 Renault do Brasil Brazil Autos
286 -- Grupo Cicsa Mexico Construction
287 266 Grupo Nacional de Colombia Food
Chocolates
288 254 Holcim Apasco (1) Mexico Cement
289 -- Abril Brazil Media
290 268 Grupo Continental Mexico Beverage
291 305 General Motors Colombia Autos
Colmotores
292 -- Grupo Famsa Mexico Retail
293 285 Unipar Brazil Chemical
294 349 Cedae Brazil Water
295 -- ALE Combustiveis Brazil Oil, gas
296 -- Gerdau Acos Longos (12) Brazil Steel
297 281 Cia. Brasileira de Brazil Aluminum
Aluminio
298 331 Natura Brazil Cosmetics
299 406 CTI Movil (3) Argentina Telecom
300 282 Tele Centroeste Celular Brazil Telecom
301 288 ChevronTexaco Petroleum Colombia Oil, gas
302 284 Desc Quimico (4) Mexico Chemical
303 -- Coinbra Brazil Agribusiness
304 -- Alcoa Aluminio Brazil Aluminum
305 301 Cia. Cervecerias Unidas Chile Beverage
306 -- Sigdo Koppers Chile Holding
307 -- Quinsa Argentina Beverage
308 308 Drummond Colombia Mining
309 318 Corporacion Geo Mexico Construction
310 298 Elektro Brazil Electronics
311 299 CompreBem Brazil Retail
312 304 Embotelladora Andina Chile Beverage
313 311 Corporativo Fragua Mexico Retail
314 243 Telefonica Moviles Mexico Telecom
Mexico (4)
315 -- Telecom Personal Argentina Telecom
316 335 Organizacion Carulla Colombia Retail
Vivero
317 277 Ampla Energia Brazil Electricity
318 279 Saludcoop EPS Colombia Health
319 269 Colombia Telecom. Colombia Telecom
320 300 El Palacio de Hierro Mexico Retail
321 328 Altsa Casas Brazil Retail
Pernambucanas
322 244 Molinos Rio de la Plata Argentina Agribusiness
323 -- Entel Telefonia Personal Chile Telecom
324 320 AES Gener Chile Electricity
325 -- Syngenta Protecao de Brazil Agribusiness
Cultivos
326 291 SQM Chile Mining
327 294 Grupo Industrial Mexico Autoparts
Saltillo
328 309 Tele Sudeste Celular Brazil Telecom
329 307 Superama Mexico Retail
330 310 CAP Chile Steel
331 -- Sivensa (5) Venezuela Metallurgy
332 278 Fosfertil Brazil Chemical
333 290 Embraco Brazil Manufacturing
334 -- Gaspetro Brazil Gas
335 330 Caraiba Metais Brazil Metallurgy
336 -- Mosaic Fertilizantes Brazil Chemical
337 323 Bandeirante Energia Brazil Electricity
338 378 CCR Rodovias Brazil Transport
339 -- Albras Aluminio Brazil Aluminum
Brasileiro
340 317 Acindar Argentina Steel
341 312 Avipal Brazil Agribusiness
342 -- PSA Peugeot Citroen Argentina Autos
Argentina
343 350 Randon Brazil Autoparts
344 -- Grupo Clarin Argentina Media
345 352 Suzano Petroquimica Brazil Chemical
346 315 Avianca Colombia Airlines
347 -- Entel PCS Chile Telecom
348 325 Empresas Navieras Chile Logistics
349 -- Mexichem Mexico Chemical
350 322 CIE Mexico Entertainment
351 380 Cosan Brazil Food
352 -- Manaus Energia Brazil Electricity
353 409 Desarrolladora Homex Mexico Construction
354 303 TV Azteca Mexico Media
355 344 CEEE Brazil Electricity
356 332 Ferrocarril Mexicano Mexico Transport
357 -- Nestle Chile Food
358 337 CPFL Piratininga Brazil Electricity
359 351 Isapre Banmedica Chile Health
360 348 La Fonte Telecom Brazil Telecom
361 313 CESP Brazil Electricity
362 295 Desc Automotriz (4) Mexico Autoparts
363 314 Codensa Colombia Electricity
364 -- V & M do Brasil Brazil Metallurgy
365 360 Urbi Desarrollos Urbanos Mexico Construction
366 -- Ericsson Telecom (1) Mexico Telecom
367 319 Corporacion Durango Mexico Paper, pulp
368 -- Grupo Ferroviario Mexico Transport
Mexicano
369 492 Tenaris Confab Brazil Steel
370 375 Carrefour Colombia Retail
371 372 Telefonica Moviles de Colombia Telecom
Colombia
372 451 Masisa Chile Forestry
373 -- Editora Abril Brazil Media
374 339 Acos Villares Brazil Steel
375 274 BP Exploration Company Colombia Oil, gas
376 387 MRS Logistica Brazil Logistics
377 353 Marcopolo Brazil Autoparts
378 -- Tigre (2) Brazil Construction
379 354 Pfizer (2) Brazil Pharmaceutical
380 345 Supertiendas Olimpica Colombia Retail
381 -- Construtora Andrade Brazil Construction
Gutierrez
382 357 Infraero Brazil Aviation
383 -- Telefonica Movil Chile Telecom
de Chile
384 -- Grupo TFM Mexico Transport
385 347 Suburbia Mexico Retail
386 377 Tupy Brazil Autoparts
387 363 Madeco Chile Metallurgy
388 382 Gasco Chile Oil, gas
389 324 CMPC Celulosa Chile Pulp
390 343 Oxiteno (3) Brazil Chemical
391 -- Grupo Amanco (3) Costa Rica Construction
392 388 Celpe Brazil Electricity
393 364 Supermercados La Ecuador Retail
Favorita
394 390 NET Brazil Telecom
395 385 Sofasa Colombia Autos
396 399 Coelce Brazil Electricity
397 411 Unilever de Argentina Argentina Consumer prod.
398 373 Celg Brazil Electricity
399 361 Nacobre Mexico Manufacturing
400 327 Avon Cosmetics (1) Mexico Cosmetics
401 431 Guararapes Brazil Textile
402 376 Cia.Siderurgica Chile Steel
Huachipato
403 401 UTE Uruguay Electricity
404 374 Belgo Bekaert Arames Brazil Metallurgy
405 391 Minas Penoles (4) Mexico Mining
406 355 San Luis Corporacion Mexico Autoparts
407 397 Rio Grande Energia Brazil Electricity
408 367 Empresas Carozzi Chile Alimentos
409 340 Carbones del Cerrejon Colombia Mining
410 371 Cemex Venezuela Venezuela Cement
411 369 CMPC Papeles Chile Paper
412 443 Iochpe-Maxion Brazil Manufaturados
413 394 Consorcio Ara Mexico Construction
414 333 La Electricidad de Venezuela Electricity
Caracas
415 370 Grupo Itautec Philco Brazil Electronics
416 334 ETB Colombia Telecom
417 417 Copasa Brazil Water
418 368 Mahle Metal Leve Brazil Autoparts
419 356 Alunorte Brazil Aluminum
420 365 Scania Brazil Autos
421 -- Conecel (3) Ecuador Telecom
422 258 Imsatec (3) Mexico Steel
423 393 Grupo Industrial Maseca Mexico Food
424 426 Cementos Bio Bio Chile Cement
425 386 Aluar Argentina Aluminum
426 -- Magazine Luiza (13) Brazil Retail
427 -- Saint-Gobain Vidros Brazil Construction
428 433 Renault Argentina Argentina Autos
429 389 CCNI Chile Logistics
430 422 CFLCL Brazil Electricity
431 -- Siemens Mexico Mexico Electronics
432 395 Biper Mexico Telecom
433 384 Ripasa Brazil Paper, pulp
434 -- Sotreq Brazil Retail
435 423 Grupo Embotelladoras Mexico Beverage
Unidas
436 -- Cia.Mega Argentina Oil
437 402 Petroflex Brazil Chemical
438 405 Farmacias Benavides Mexico Retail
439 -- Caramuru Alimentos (2) Brazil Food
440 -- CGE Distribucion Chile Electricity
441 381 Wembley Brazil Textile
442 383 Coteminas Brazil Textile
443 358 Vicunha Textil Brazil Textile
444 420 Sao Paulo Alpargatas Brazil Textile
445 400 Emcali Colombia Holding
446 404 Grupo Iusacell Mexico Telecom
447 -- Ultrafertil Brazil Chemical
448 410 AES Sul Brazil Electricity
449 -- Lojas Riachuelo Brazil Retail
450 392 UCP Backus & Johnston Peru Beverage
451 -- Varig Logistica Brazil Transport
452 -- Agricultores Federados Argentina Agribusiness
Argentinos
453 -- Mineral Valparaiso Chile Mining
454 -- Spal Ind. Brasileira Brazil Beverage
de Bebidas
455 366 Alicorp Peru Food
456 -- Ceisa Argentina Telecom
457 396 Lojas Colombo Brazil Retail
458 -- Minera Barrick Peru Mining
Misquichilca
459 421 Duratex Brazil Manufacturing
460 -- Boehringer Ingelheim Mexico Pharmaceutical
461 403 Grupo Herdez Mexico Food
462 425 Novartis Biociencias Brazil Pharmaceutical
463 -- Ericsson Brazil Telecom
Telecomunicacoes
464 419 Elecmetal Chile Steel
465 408 Cerrejon Zona Norte Colombia Mining
466 456 Cemat Brazil Electricity
467 479 Gradiente Brazil Electronics
468 -- Mastellone Hermanos Argentina Food
469 338 Escelsa Brazil Electricity
470 467 AES Tiete Brazil Electricity
471 415 Solvay Indupa Argentina Chemical
472 -- 3M do Brasil Brazil Chemical
473 464 Sendas Brazil Retail
474 -- Nibrasco Brazil Mining
475 457 Colbun Chile Electricity
476 444 Transmissao Paulista Brazil Electricity
477 362 Yara Brasil Brazil Chemical
Fertilizantes
478 439 CMPC Tissue Chile Paper
479 -- Amsted Maxion Brazil Metallurgy
480 -- Hocol Colombia Oil, gas
481 427 Celular CRT Brazil Telecom
482 -- CTBC Telecom Brazil Telecom
483 341 Cydsa Mexico Chemical
484 438 Politeno Brazil Chemical
485 -- Antel Uruguay Telecom
486 430 Telemig Cellular Brazil Telecom
487 -- Novartis Farmaceutica Mexico Pharmaceutical
488 449 Grupo Posadas Mexico Hospitality
489 454 Patagonia Argentina Retail
490 474 Lojas Renner Brazil Retail
491 -- Construtora Brazil Construction
Queiroz Galvao
492 458 Celpa Brazil Electricity
493 -- Bayer Brazil Chemical
494 -- Skanska Argentina Construction
495 455 Sanepar Brazil Water
496 463 Dixie Toga Brazil Paper, pulp
497 450 Vips Mexico Food
498 460 Alkosto Colombia Retail
499 496 Empresas La Polar Chile Retail
500 -- Axtel Mexico Telecom
NET SALES
2005 US$ % change
'05 '04 COMPANY millions '05/'04
1 1 Petroleos Mexicanos 87,324.4 21.8
2 2 Petroleos de Venezuela 84,152.0 32.1
3 4 Petrobras 58,360.8 43.2
4 5 PEMEX Refinacion 31,315.4 33.6
5 7 Comision Federal de 17,237.7 8.7
Electricidad
6 10 America Movil 17,128.7 41.7
7 8 Wal-Mart de Mexico 15,517.7 23.2
8 9 Telmex 15,322.7 22.0
9 17 Cemex 15,300.2 102.5
10 11 Petrobras Distribuidora 15,263.2 44.5
11 13 CVRD 14,522.5 40.0
12 6 PEMEX Gas y Petroquimica 12,628.5 21.3
13 24 Organizacion Techint (1) 11,325.0 76.4
14 12 General Motors (1) 11,282.9 7.5
15 -- Empresas Petroleo 11,096.5 32.0
Ipiranga
16 16 Codelco 10,490.6 27.9
17 14 DaimlerChrysler 10,219.1 6.9
18 15 FEMSA 9,928.3 18.1
19 22 Ipiranga Distribuidora 9,722.5 35.0
20 21 Gerdau 9,076.7 22.9
21 20 Eletrobras 8,876.2 18.3
22 26 Telcel (3) 8,424.5 22.4
23 28 Ipiranga Petroquimica 8,320.8 35.9
24 19 Odebrecht 8,268.8 20.9
25 23 Grupo Votorantim 8,113.3 15.2
26 18 Bunge Brasil (1) 7,590.0 -6.1
27 25 Repsol YPF 7,508.5 12.6
28 31 Copec 7,352.2 28.6
29 27 Grupo Carso 7,343.4 21.3
30 29 Tele Norte Leste 7,162.1 21.8
31 30 Telemar 7,154.7 19.9
32 33 Volkswagen Mexico 7,111.1 28.3
33 36 Volkswagen do Brasil 6,880.3 30.2
34 51 AmBev 6,817.9 50.7
35 33 Ecopetrol 6,791.2 24.4
36 58 Tenaris 6,736.2 62.9
37 46 ENAP 6,674.0 41.3
38 38 Shell Brasil 6,673.1 30.2
39 80 General Motors do Brasil 6,581.2 17.8
40 37 Grupo Alfa 6,519.9 23.6
41 43 Enersis 6,277.2 29.1
42 41 Telesp 6,149.9 22.7
43 44 Nissan Mexicana (1) 6,011.0 4.9
44 56 ENAP Refinerias 5,988.4 43.4
45 34 Hewlett-Packard 5,780.0 18.6
Mexico (1)
46 40 Grupo Salinas (1) 5,760.0 27.4
47 45 Cia. Brasileira de 5,730.5 21.1
Distribuicao
48 62 Cargill Agricola 5,597.9 20.5
49 50 Braskem 5,586.0 21.6
50 49 Usiminas 5,571.3 20.9
51 55 Grupo Mexico 5,461.2 25.3
52 53 Carrefour 5,361.5 17.2
53 59 Petroecuador 5,305.6 29.2
54 48 Grupo Industrial Bimbo 5,275.5 15.6
55 35 Bunge Alimentos 4,966.2 -7.1
56 106 Cencosud 4,915.0 98.5
57 42 Vivo (1) 4,826.9 17.0
58 66 Bodega Aurrera 4,779.1 26.8
59 57 Coca-Cola FEMSA 4,720.3 13.8
60 70 Chevron Brasil 4,674.4 32.3
61 60 Grupo Modelo 4,659.5 15.9
62 81 Arcelor Brasil (7) 4,565.4 81.1
63 65 Organizacion Soriana 4,550.7 20.6
64 -- Ternium (8) 4,447.7 178.2
65 68 Sam's Club 4,420.7 22.4
66 78 Minera Escondida 4,359.8 38.4
67 72 Brasil Telecom 4,331.5 26.8
68 67 CSN 4,288.3 16.2
69 -- Coca-Cola Brasil (2) 4,273.5 27.2
70 89 Fiat Automoveis 4,215.8 40.5
71 73 Wal-Mart Supercenter 4,184.6 22.9
72 157 Southern Copper 4,112.6 139.7
73 52 U.S. Commercial 4,104.8 10.8
74 79 DaimlerChrysler do 4,100.0 35.8
Brasil (1)
75 63 Embraer 3,902.0 1.2
76 96 CSAV 3,896.5 45.0
77 156 Casas Bahia 3,857.1 49.1
78 84 Falabella 3,854.3 33.6
79 69 Esso Brasileira 3,808.1 15.7
de Petroleo
80 74 Cont. Comercial Mexicana 3,790.4 12.4
81 77 Grupo Cintra 3,692.7 14.1
82 76 Grupo Imsa 3,684.5 12.3
83 -- TIM Brasil 3,594.4 52.3
84 87 AES Elpa 3,574.8 27.1
85 88 Eletropaulo 3,555.1 27.0
Metropolitana
86 95 Cemig 3,518.4 30.8
87 -- Unilever do Brasil (1) 3,500.0 7.5
88 115 Petrobras Energia 3,493.4 49.8
89 83 Cia. Luz y Fuerza del 3,431.6 17.8
Centro
90 61 Ford Motor Company 3,399.0 16.7
91 85 Alpek 3,364.0 9.0
92 104 CPFL Energia 3,306.2 30.3
93 -- Telmex do Brasil (3) 3,285.9 16.5
94 103 Correios e Telegrafos 3,247.9 28.0
95 -- Belgo Siderurgia (3) 3,241.5 20.7
96 92 Embratel 3,232.1 17.0
97 91 Telesp Celular 3,192.7 15.4
(Vivo Part.)
98 82 Cemex Mexico (3) 3,176.3 8.8
99 64 Gerdau Acominas (9) 3,149.6 -17.8
100 Sadia 3,126.6 30.1
101 100 DyS 3,120.8 20.7
102 94 PepsiCo Mexicana 3,095.0 13.6
103 134 Imsa Acero (3) 3,069.2 3.8
104 97 Grupo Televisa 3,054.3 16.2
105 110 Cia. Paulista de 3,020.6 27.0
Forca e Luz
106 99 Puerto de Liverpool 3,014.3 15.9
107 130 Procter & Gamble de 3,000.0 43.3
Mexico (1)
108 112 Grupo Elektra 2,991.2 27.3
109 86 Grupo Gigante 2,918.5 2.8
110 102 Nestle 2,872.5 12.0
111 93 Ford Motor (1) 2,867.0 41.3
112 75 Varig 2,838.9 -14.9
113 -- Grupo Comercial 2,825.0 2.3
Mexicana (10)
114 123 Grupo Siemens (5) 2,824.4 26.2
115 146 Grupo Mabe 2,817.4 35.4
116 -- Grupo Camargo Correa 2,810.7 24.6
117 137 Claro (3) 2,798.7 41.2
118 120 Extra Hipermercados 2,791.6 23.4
119 133 Oxxo (FEMSA 2,702.1 31.9
Comercio) (3)
120 124 Const. Norberto 2,655.9 22.3
Odebrecht
121 116 Empresas Polar (5) 2,646.0 13.5
122 90 Bunge Fertilizantes 2,624.5 -5.6
123 119 Itaipu Binacional 2,616.4 15.5
124 122 FEMSA Cerveza (3) 2,592.9 15.8
125 152 Flextronics 2,590.0 11.0
Manufacturing (1)
126 136 Grupo Sanborns 2,570.5 28.8
127 71 Cargill (1) 2,533.0 -23.7
128 118 Wal-Mart Brasil 2,529.9 32.2
129 121 Gruma 2,509.5 17.6
130 129 LAN 2,507.3 19.7
131 111 Bunge Argentina (1) 2,470.0 30.0
132 145 Antofagasta 2,445.3 25.9
133 162 TAM 2,413.3 41.7
134 160 Nokia do Brasil (1) 2,405.0 39.0
135 132 Copesul 2,399.6 17.1
136 -- Arcelor Brasil 2,391.9 21.5
CST (3) (11)
137 346 Globo Comunicacao (14) 2,388.1 18.5
138 131 Celulosa Arauco 2,373.6 14.4
139 127 CANTV 2,366.7 10.7
140 114 Nestle 2,332.1 -2.8
141 128 Desc 2,311.1 8.1
142 98 Petroleos del Peru 2,304.0 -12.4
143 -- Eletronorte 2,289.9 32.5
144 47 GE Mexico 2,289.0 21.3
145 113 Vitro 2,270.9 9.0
146 143 Cosipa 2,262.9 16.7
147 169 Grupo Industrial Lala 2,259.6 18.5
148 -- CARHCO 2,200.0 10.0
149 150 Perdigao 2,198.1 19.5
150 148 Endesa 2,192.2 18.2
151 135 Brasmotor 2,163.1 8.4
152 158 Furnas Centrais 2,159.2 24.0
Eletricas
153 147 Refineria La Pampilla 2,152.8 16.0
154 173 Neoenergia 2,141.2 39.0
155 151 Altos Hornos de Mexico 2,136.3 16.5
156 142 Empresas CMPC 2,130.2 10.1
157 140 Multibras 2,116.3 8.8
158 164 Sabesp 2,116.2 27.7
159 246 Molymet 2,090.4 114.4
160 174 Light 2,087.3 35.6
161 -- Southern Peru Copper 2,083.6 19.1
162 180 Copel 2,073.5 40.2
163 155 Kimberly Clark de Mexico 2,067.2 16.4
164 107 Grupo Condumex 2,064.2 -15.6
165 139 Grupo Xignux 2,060.6 26.8
166 149 Grupo Casa Saba 2,056.9 11.5
167 184 Cencosud Supermercados 2,040.1 38.0
168 170 Suzano 2,009.9 25.5
169 153 Grupo Ultra 2,005.3 11.3
170 179 Industrias Penoles 1,998.0 34.6
171 229 Caemi Mineracao e 1,989.5 82.0
Metalurgia
172 165 Sonae (2) 1,979.5 19.8
173 -- Pan American Energy 1,971.0 32.7
174 189 Minera Mexico (4) 1,940.5 40.5
175 138 Copersucar (1) 1,923.1 29.1
176 125 PEMEX Petroquimica 1,901.2 26.0
177 196 Grupo Comercial 1,900.0 11.8
Chedraui (1)
178 -- TIM Cellular 1,897.5 86.0
179 167 ExxonMobil de Colombia 1,894.5 15.6
180 177 Telecom Argentina 1,874.8 24.7
181 166 Grupo Aeromexico 1,867.1 4.4
182 -- Energias do Brasil 1,847.0 32.4
183 187 Almacenes Coppel 1,843.8 31.2
184 154 Carrefour (6) 1,799.6 0.2
185 197 Metales Penoles (4) 1,773.4 25.9
186 193 Minera Los Pelambres 1,767.0 32.0
187 -- Organizacion Terpel 1,760.5 29.0
188 203 Aeropuertos y Servicios 1,747.8 37.2
189 -- Dow Brasil 1,747.6 18.2
190 289 Cencosud Internacional 1,745.0 110.1
191 217 Empresas ICA 1,730.7 52.0
192 192 Robert Bosch 1,709.4 25.8
193 181 Cia.Min.Dona Ines 1,707.3 17.3
de Collahuasi
194 264 MBR 1,680.9 86.1
195 204 Grupo Sigma 1,680.2 32.4
196 -- Andrade Gutierrez 1,664.2 21.1
197 202 CGE 1,663.3 30.3
198 -- Grupo JBS-Friboi 1,660.3 33.6
199 190 Industrias Unidas 1,642.6 22.7
200 163 BASF 1,640.4 -2.7
201 178 Mexicana de Aviacion 1,593.4 4.9
202 195 Souza Cruz 1,592.3 21.5
203 172 Louis Dreyfus 1,562.4 -8.3
Commodities
204 -- Costco de Mexico 1,554.0 7.4
205 176 Mittal Steel Lazaro 1,551.0 2.8
Cardenas
206 194 Almacenes Exito 1,545.6 10.7
207 186 Refinaria Ipiranga 1,543.4 9.3
208 216 Makro Atacadista 1,533.9 30.5
209 207 Minera Yanacocha 1,525.0 20.6
210 -- Votorantim Metais 1,505.1 32.2
211 306 Industrias CH 1,501.8 103.2
212 209 Entel 1,495.9 20.3
213 255 Volvo do Brasil 1,495.7 52.4
214 171 Pequiven 1,495.7 21.3
215 -- Ripley 1,475.0 16.7
216 201 Votorantim Celulose 1,460.2 13.9
e Papel
217 175 INTEL 1,447.3 31.3
218 211 Siderar 1,444.4 17.8
219 161 TenarisSiderca (1) 1,440.0 57.2
220 287 Comcel 1,434.9 77.0
221 -- GrupoNueva (3) 1,433.0 15.5
222 199 Aracruz 1,423.6 10.8
223 198 CHESF 1,409.8 6.7
224 200 EPM 1,399.2 9.0
225 206 Pao de Acucar 1,386.7 10.8
226 191 Unilever de Mexico (1) 1,385.0 6.5
227 208 Embotelladoras Arca 1,377.3 10.7
228 227 Recope 1,376.5 24.7
229 213 Acesita 1,364.8 13.4
230 214 Bachoco Industrias 1,360.3 14.1
231 -- Louis Dreyfus (1) 1,350.0 7.8
232 224 Cigatam Philip Morris 1,348.9 20.3
233 219 VBC Energia 1,345.3 15.0
234 252 Grupo Schincariol (2) 1,324.8 36.7
235 302 Minera Alumbrera (1) 1,310.0 13.5
236 237 Tenedora Nemak 1,305.6 29.3
237 240 Caiua 1,302.7 30.4
238 234 Sodimac 1,297.3 18.9
239 241 Celesc 1,279.3 28.4
240 257 Transpetro 1,270.9 60.6
241 253 Globex 1,254.1 30.9
242 210 Grupo Corvi 1,248.6 0.9
243 248 TIM Participacoes 1,246.7 29.0
244 262 Arcor 1,240.6 33.5
245 225 Ultragaz (3) 1,240.3 10.7
246 230 Farmacias Ahumada 1,230.3 13.1
247 -- Oi 1,225.2 38.9
248 239 ANCAP 1,222.9 22.2
249 398 Grupo Simec 1,211.4 137.7
250 232 Autoridad del Canal de 1,209.1 13.7
Panama
251 221 Organizacion Sahuayo (1) 1,198.7 0.9
252 242 Suzano Bahia 1,190.7 19.7
253 275 Lojas Americanas 1,182.2 37.7
254 238 Petroquimica Uniao 1,176.9 16.6
255 -- Pirelli Pneus 1,167.9 20.7
256 265 Bavaria 1,158.4 16.2
257 272 Chilectra 1,157.9 33.5
258 182 Aceitera General Deheza 1,157.0 17.9
259 235 Klabin 1,156.2 12.4
260 260 Paranapanema 1,154.7 24.0
261 245 Coelba 1,154.4 48.1
262 247 Sears Roebuck 1,147.7 18.7
263 329 Gol 1,140.3 82.9
264 205 Telefonica CTC Chile 1,133.5 -10.2
265 228 Vitro Vidrio Plano (3) 1,130.0 2.7
266 226 Deacero 1,119.1 0.4
267 261 Tractebel Energia 1,110.7 19.4
268 183 Coamo Agroindustrial 1,109.2 -22.3
269 -- Liquigas Distribuidora 1,108.1 -49.4
270 236 Telefonica de Argentina 1,103.9 8.3
271 263 Agrosuper 1,100.0 20.7
272 271 Enami 1,079.6 23.8
273 283 Weg 1,074.4 29.4
274 280 Comgas 1,073.6 28.1
275 250 DuPont Mexico (1) 1,070.0 20.2
276 273 SHV Gas Brasil (1) 1,068.4 23.7
277 342 Samarco Mineracao 1,055.1 67.7
278 259 Vitro Envases (3) 1,051.0 12.8
279 -- Grupo ICE 1,042.1 9.4
280 -- Grupo Coimex (1) 1,030.0 19.8
281 233 Telefonica del Peru 1,029.3 -2.7
282 267 Sanborn Hermanos 1,026.4 14.5
283 251 CVG Edelca 1,017.7 5.7
284 297 Nextel de Mexico (4) 1,013.3 30.6
285 270 Renault do Brasil 1,011.2 15.5
286 -- Grupo Cicsa 1,006.9 30.7
287 266 Grupo Nacional de 1,005.7 11.9
Chocolates
288 254 Holcim Apasco (1) 1,005.0 4.9
289 -- Abril 1,000.3 34.0
290 268 Grupo Continental 999.0 11.6
291 305 General Motors 998.9 34.7
Colmotores
292 -- Grupo Famsa 997.8 19.2
293 285 Unipar 987.4 20.2
294 349 Cedae 984.4 59.4
295 -- ALE Combustiveis 984.2 36.6
296 -- Gerdau Acos Longos (12) 984.0
297 281 Cia. Brasileira de 978.9 17.1
Aluminio
298 331 Natura 975.0 46.2
299 406 CTI Movil (3) 971.1 101.5
300 282 Tele Centroeste Celular 970.4 16.5
301 288 ChevronTexaco Petroleum 970.2 20.0
302 284 Desc Quimico (4) 969.7 17.1
303 -- Coinbra 962.2 -27.1
304 -- Alcoa Aluminio 961.9 12.0
305 301 Cia. Cervecerias Unidas 960.5 27.2
306 -- Sigdo Koppers 959.0 27.0
307 -- Quinsa 954.3 26.2
308 308 Drummond 949.3 29.4
309 318 Corporacion Geo 948.9 34.7
310 298 Elektro 940.4 22.0
311 299 CompreBem 937.7 23.3
312 304 Embotelladora Andina 934.0 25.7
313 311 Corporativo Fragua 924.6 27.8
314 243 Telefonica Moviles 923.5 -0.1
Mexico (4)
315 -- Telecom Personal 920.0 58.0
316 335 Organizacion Carulla 917.0 30.0
Vivero
317 277 Ampla Energia 917.0 8.3
318 279 Saludcoop EPS 914.2 9.0
319 269 Colombia Telecom. 914.1 3.9
320 300 El Palacio de Hierro 911.6 20.2
321 328 Altsa Casas 910.2 25.2
Pernambucanas
322 244 Molinos Rio de la Plata 907.1 -8.0
323 -- Entel Telefonia Personal 900.1 33.1
324 320 AES Gener 899.0 28.1
325 -- Syngenta Protecao de 898.7 -3.5
Cultivos
326 291 SQM 896.3 13.6
327 294 Grupo Industrial 895.0 14.5
Saltillo
328 309 Tele Sudeste Celular 887.7 22.3
329 307 Superama 883.0 19.7
330 310 CAP 880.1 21.3
331 -- Sivensa (5) 879.9 76.5
332 278 Fosfertil 865.2 2.3
333 290 Embraco 860.7 7.7
334 -- Gaspetro 850.4 23.1
335 330 Caraiba Metais 850.1 27.0
336 -- Mosaic Fertilizantes 849.8 -9.6
337 323 Bandeirante Energia 844.4 22.2
338 378 CCR Rodovias 834.9 51.5
339 -- Albras Aluminio 834.8 7.1
Brasileiro
340 317 Acindar 833.8 17.6
341 312 Avipal 831.2 15.5
342 -- PSA Peugeot Citroen 828.9 65.8
Argentina
343 350 Randon 827.2 34.2
344 -- Grupo Clarin 824.3 14.6
345 352 Suzano Petroquimica 818.8 35.0
346 315 Avianca 816.7 14.0
347 -- Entel PCS 816.5 35.0
348 325 Empresas Navieras 816.4 18.5
349 -- Mexichem 815.8 165.8
350 322 CIE 814.2 16.6
351 380 Cosan 812.1 35.7
352 -- Manaus Energia 812.0 34.0
353 409 Desarrolladora Homex 802.7 68.4
354 303 TV Azteca 802.5 7.5
355 344 CEEE 802.2 28.1
356 332 Ferrocarril Mexicano 795.8 19.6
357 -- Nestle 794.1 17.3
358 337 CPFL Piratininga 791.8 21.7
359 351 Isapre Banmedica 789.3 28.1
360 348 La Fonte Telecom 788.6 21.0
361 313 CESP 786.0 8.8
362 295 Desc Automotriz (4) 782.0 -0.1
363 314 Codensa 779.8 8.3
364 -- V & M do Brasil 772.1 39.1
365 360 Urbi Desarrollos Urbanos 770.5 30.7
366 -- Ericsson Telecom (1) 765.8
367 319 Corporacion Durango 765.8 9.8
368 -- Grupo Ferroviario 763.7 19.3
Mexicano
369 492 Tenaris Confab 761.8 127.8
370 375 Carrefour 751.0 34.3
371 372 Telefonica Moviles de 749.6 32.7
Colombia
372 451 Masisa 744.3 14.2
373 -- Editora Abril 742.8 36.7
374 339 Acos Villares 737.4 14.1
375 274 BP Exploration Company 733.8 19.6
376 387 MRS Logistica 733.8 39.2
377 353 Marcopolo 730.2 20.7
378 -- Tigre (2) 729.5 11.2
379 354 Pfizer (2) 726.5 20.3
380 345 Supertiendas Olimpica 724.7 15.0
381 -- Construtora Andrade 724.1 16.4
Gutierrez
382 357 Infraero 721.6 21.7
383 -- Telefonica Movil 717.8 35.0
de Chile
384 -- Grupo TFM 717.6 2.6
385 347 Suburbia 716.6 15.6
386 377 Tupy 715.3 29.4
387 363 Madeco 713.4 22.6
388 382 Gasco 703.2 31.3
389 324 CMPC Celulosa 700.3 1.7
390 343 Oxiteno (3) 688.1 9.7
391 -- Grupo Amanco (3) 688.0 16.2
392 388 Celpe 685.1 30.1
393 364 Supermercados La 680.9 17.3
Favorita
394 390 NET 680.6 29.7
395 385 Sofasa 679.1 27.0
396 399 Coelce 675.7 34.4
397 411 Unilever de Argentina 666.6 14.7
398 373 Celg 664.8 18.2
399 361 Nacobre 658.5 12.5
400 327 Avon Cosmetics (1) 650.0 -3.9
401 431 Guararapes 647.1 48.9
402 376 Cia.Siderurgica 647.0 15.7
Huachipato
403 401 UTE 646.6 17.3
404 374 Belgo Bekaert Arames 645.7 15.2
405 391 Minas Penoles (4) 643.4 13.3
406 355 San Luis Corporacion 643.3 6.9
407 397 Rio Grande Energia 642.2 25.7
408 367 Empresas Carozzi 640.5 12.1
409 340 Carbones del Cerrejon 639.9 0.1
410 371 Cemex Venezuela 639.6 13.2
411 369 CMPC Papeles 638.3 12.3
412 443 Iochpe-Maxion 638.3 54.2
413 394 Consorcio Ara 636.9 22.9
414 333 La Electricidad de 635.9 -4.9
Caracas
415 370 Grupo Itautec Philco 634.2 12.0
416 334 ETB 631.3 8.9
417 417 Copasa 630.8 40.2
418 368 Mahle Metal Leve 630.3 10.6
419 356 Alunorte 627.5 4.3
420 365 Scania 626.5 8.5
421 -- Conecel (3) 617.0 62.8
422 258 Imsatec (3) 615.4 3.1
423 393 Grupo Industrial Maseca 613.7 18.2
424 426 Cementos Bio Bio 613.5 38.6
425 386 Aluar 604.9 14.5
426 -- Magazine Luiza (13) 604.0 57.4
427 -- Saint-Gobain Vidros 602.7 22.7
428 433 Renault Argentina 601.2 40.8
429 389 CCNI 600.6 14.2
430 422 CFLCL 598.7 33.9
431 -- Siemens Mexico 596.7 23.1
432 395 Biper 595.1 16.3
433 384 Ripasa 594.1 10.9
434 -- Sotreq 593.6 48.0
435 423 Grupo Embotelladoras 592.8 32.8
Unidas
436 -- Cia.Mega 587.2 19.3
437 402 Petroflex 586.7 19.2
438 405 Farmacias Benavides 585.2 20.9
439 -- Caramuru Alimentos (2) 585.0 -13.6
440 -- CGE Distribucion 584.2 51.3
441 381 Wembley 581.9 8.5
442 383 Coteminas 580.9 8.4
443 358 Vicunha Textil 580.0 -2.1
444 420 Sao Paulo Alpargatas 579.7 29.2
445 400 Emcali 578.0 15.7
446 404 Grupo Iusacell 575.7 36.4
447 -- Ultrafertil 571.3 9.1
448 410 AES Sul 568.6 22.5
449 -- Lojas Riachuelo 568.4 54.6
450 392 UCP Backus & Johnston 559.7 7.7
451 -- Varig Logistica 556.9 4.8
452 -- Agricultores Federados 556.4 9.8
Argentinos
453 -- Mineral Valparaiso 555.0 381.8
454 -- Spal Ind. Brasileira 554.1 30.3
de Bebidas
455 366 Alicorp 551.8 -3.7
456 -- Ceisa 551.8 8.3
457 396 Lojas Colombo 547.9 6.7
458 -- Minera Barrick 546.9 100.1
Misquichilca
459 421 Duratex 542.8 21.3
460 -- Boehringer Ingelheim 540.8 18.6
461 403 Grupo Herdez 536.5 9.8
462 425 Novartis Biociencias 536.5 30.2
463 -- Ericsson 535.2 -0.8
Telecomunicacoes
464 419 Elecmetal 531.7 18.3
465 408 Cerrejon Zona Norte 527.2 10.2
466 456 Cemat 527.0 35.8
467 479 Gradiente 527.0 48.7
468 -- Mastellone Hermanos 524.3 13.2
469 338 Escelsa 522.6 19.5
470 467 AES Tiete 521.2 41.1
471 415 Solvay Indupa 519.0 14.1
472 -- 3M do Brasil 517.1 18.8
473 464 Sendas 516.7 37.2
474 -- Nibrasco 515.8 72.4
475 457 Colbun 515.6 32.9
476 444 Transmissao Paulista 514.9 24.5
477 362 Yara Brasil 512.8 -12.2
Fertilizantes
478 439 CMPC Tissue 507.4 20.6
479 -- Amsted Maxion 506.4 107.9
480 -- Hocol 506.3 57.9
481 427 Celular CRT 505.1 14.2
482 -- CTBC Telecom 503.8 28.8
483 341 Cydsa 503.6 7.5
484 438 Politeno 499.8 18.5
485 -- Antel 492.8 22.6
486 430 Telemig Cellular 490.9 12.9
487 -- Novartis Farmaceutica 487.7 5.9
488 449 Grupo Posadas 486.3 20.4
489 454 Patagonia 485.9 24.5
490 474 Lojas Renner 485.5 35.1
491 -- Construtora 485.4 32.5
Queiroz Galvao
492 458 Celpa 480.5 24.4
493 -- Bayer 479.1 15.8
494 -- Skanska 479.0 26.4
495 455 Sanepar 477.5 22.8
496 463 Dixie Toga 476.8 26.3
497 450 Vips 472.9 17.9
498 460 Alkosto 472.8 24.0
499 496 Empresas La Polar 468.9 44.4
500 -- Axtel 467.0 35.0
NET INCOME
2005 US$ % change
'05 '04 COMPANY millions '05/'04
1 1 Petroleos Mexicanos -7,173.2 -203.6
2 2 Petroleos de Venezuela 6,784.0 35.8
3 4 Petrobras 10,135.7 50.6
4 5 PEMEX Refinacion -5,009.0 -153.2
5 7 Comision Federal de 454.6 156.3
Electricidad
6 10 America Movil 2,975.3 100.9
7 8 Wal-Mart de Mexico 890.3 26.8
8 9 Telmex 2,649.9 7.5
9 17 Cemex 2,108.7 74.0
10 11 Petrobras Distribuidora 280.3 17.2
11 13 CVRD 4,461.5 83.3
12 6 PEMEX Gas y Petroquimica 628.4 -39.9
13 24 Organizacion Techint (1)
14 12 General Motors (1)
15 -- Empresas Petroleo 221.4 4.7
Ipiranga
16 16 Codelco 1,779.6 56.9
17 14 DaimlerChrysler 153.1 -24.8
18 15 FEMSA 521.8 -0.2
19 22 Ipiranga Distribuidora 72.5 39.5
20 21 Gerdau 1,188.3 11.4
21 20 Eletrobras 416.4 -14.5
22 26 Telcel (3) 3,801.9 27.8
23 28 Ipiranga Petroquimica 139.1 16.1
24 19 Odebrecht 141.0 -55.8
25 23 Grupo Votorantim 1,126.0 -27.9
26 18 Bunge Brasil (1) 132.3 -58.4
27 25 Repsol YPF 1,749.8 7.3
28 31 Copec 612.7 -19.9
29 27 Grupo Carso 809.1 34.5
30 29 Tele Norte Leste 733.5 112.3
31 30 Telemar 476.0 68.2
32 33 Volkswagen Mexico -85.5 4.5
33 36 Volkswagen do Brasil
34 51 AmBev 660.4 50.9
35 33 Ecopetrol 1,424.4 61.3
36 58 Tenaris 1,387.3 76.8
37 46 ENAP 197.8 69.4
38 38 Shell Brasil 17.5 480.4
39 80 General Motors do Brasil
40 37 Grupo Alfa 732.5 87.7
41 43 Enersis 132.8 67.0
42 41 Telesp 1,086.0 32.2
43 44 Nissan Mexicana (1)
44 56 ENAP Refinerias 194.5 57.1
45 34 Hewlett-Packard
Mexico (1)
46 40 Grupo Salinas (1)
47 45 Cia. Brasileira de 109.8 -21.2
Distribuicao
48 62 Cargill Agricola 6.4 -90.5
49 50 Braskem 267.4 2.7
50 49 Usiminas 1,674.0 47.2
51 55 Grupo Mexico 668.7 -2.3
52 53 Carrefour
53 59 Petroecuador 2,300.8 12.7
54 48 Grupo Industrial Bimbo 266.0 15.1
55 35 Bunge Alimentos 60.7 -54.3
56 106 Cencosud 198.9 120.8
57 42 Vivo (1) -106.8 62.8
58 66 Bodega Aurrera
59 57 Coca-Cola FEMSA 431.3 -10.9
60 70 Chevron Brasil 60.3 15.7
61 60 Grupo Modelo 685.6 23.6
62 81 Arcelor Brasil (7) 932.7 138.2
63 65 Organizacion Soriana 200.3 -14.9
64 -- Ternium (8) 1,072.8 43.4
65 68 Sam's Club
66 78 Minera Escondida 2,578.0 49.4
67 72 Brasil Telecom -12.6 -113.3
68 67 CSN 856.7 14.7
69 -- Coca-Cola Brasil (2)
70 89 Fiat Automoveis 218.5 234.2
71 73 Wal-Mart Supercenter
72 157 Southern Copper 1,400.1 134.6
73 52 U.S. Commercial -186.1 -4,129.5
74 79 DaimlerChrysler do
Brasil (1)
75 63 Embraer 302.9 -36.0
76 96 CSAV 132.4 -36.1
77 156 Casas Bahia 85.9 53.0
78 84 Falabella 314.7 39.7
79 69 Esso Brasileira
de Petroleo
80 74 Cont. Comercial Mexicana 172.2 11.7
81 77 Grupo Cintra 135.0 162.6
82 76 Grupo Imsa 184.7 -28.8
83 -- TIM Brasil -504.3 -41.3
84 87 AES Elpa -47.3 -120.1
85 88 Eletropaulo -78.8 -3,811.4
Metropolitana
86 95 Cemig 855.9 64.1
87 -- Unilever do Brasil (1)
88 115 Petrobras Energia 268.5 15.2
89 83 Cia. Luz y Fuerza del -290.3 -272.7
Centro
90 61 Ford Motor Company
91 85 Alpek 279.0 464.1
92 104 CPFL Energia 436.3 315.2
93 -- Telmex do Brasil (3) 738.4 38.9
94 103 Correios e Telegrafos 175.9 47.1
95 -- Belgo Siderurgia (3) 1,119.2 6.8
96 92 Embratel 74.4 158.2
97 91 Telesp Celular -388.5 -110.4
(Vivo Part.)
98 82 Cemex Mexico (3) 1,279.9 1.3
99 64 Gerdau Acominas (9) 561.2 -40.1
100 Sadia 280.8 69.9
101 100 DyS 74.1 677.6
102 94 PepsiCo Mexicana
103 134 Imsa Acero (3) 340.8 -23.3
104 97 Grupo Televisa 576.0 48.8
105 110 Cia. Paulista de 322.9 165.3
Forca e Luz
106 99 Puerto de Liverpool 256.3 14.6
107 130 Procter & Gamble de
Mexico (1)
108 112 Grupo Elektra 279.9 66.9
109 86 Grupo Gigante -19.1 -153.5
110 102 Nestle
111 93 Ford Motor (1)
112 75 Varig -630.9 -1,821.2
113 -- Grupo Comercial 70.0 32.1
Mexicana (10)
114 123 Grupo Siemens (5) 109.4 41.8
115 146 Grupo Mabe 62.0 -37.1
116 -- Grupo Camargo Correa 81.5 -61.6
117 137 Claro (3) -88.9 -1,408.6
118 120 Extra Hipermercados
119 133 Oxxo (FEMSA 175.2 114.4
Comercio) (3)
120 124 Const. Norberto 57.1 -49.7
Odebrecht
121 116 Empresas Polar (5)
122 90 Bunge Fertilizantes 71.6 -60.8
123 119 Itaipu Binacional -675.4 -22.2
124 122 FEMSA Cerveza (3) 843.6 98.3
125 152 Flextronics
Manufacturing (1)
126 136 Grupo Sanborns 272.0 28.5
127 71 Cargill (1)
128 118 Wal-Mart Brasil
129 121 Gruma 104.2 32.2
130 129 LAN 146.7 -10.4
131 111 Bunge Argentina (1)
132 145 Antofagasta 725.8 25.2
133 162 TAM 80.1 -37.7
134 160 Nokia do Brasil (1)
135 132 Copesul 242.1 17.5
136 -- Arcelor Brasil 1,022.6 11.2
CST (3) (11)
137 346 Globo Comunicacao (14) 842.2 458.5
138 131 Celulosa Arauco 438.3 -25.8
139 127 CANTV 99.7 -37.6
140 114 Nestle
141 128 Desc 28.9 264.3
142 98 Petroleos del Peru 74.0 32.8
143 -- Eletronorte -138.3 65.3
144 47 GE Mexico
145 113 Vitro 4.6 117.8
146 143 Cosipa 365.3 0.9
147 169 Grupo Industrial Lala
148 -- CARHCO
149 150 Perdigao 154.2 38.5
150 148 Endesa 215.9 43.5
151 135 Brasmotor 14.1 410.3
152 158 Furnas Centrais 358.8 49.3
Eletricas
153 147 Refineria La Pampilla 83.7 83,600.0
154 173 Neoenergia 351.5 205.5
155 151 Altos Hornos de Mexico 223.8 -31.7
156 142 Empresas CMPC 240.1 -20.5
157 140 Multibras 23.0 746.8
158 164 Sabesp 369.8 91.3
159 246 Molymet 139.4 298.6
160 174 Light 103.7 382.1
161 -- Southern Peru Copper 877.0 28.0
162 180 Copel 214.6 52.3
163 155 Kimberly Clark de Mexico 273.3 4.2
164 107 Grupo Condumex 123.5 -32.9
165 139 Grupo Xignux 49.9 -53.3
166 149 Grupo Casa Saba 68.5 17.7
167 184 Cencosud Supermercados 84.0 53.7
168 170 Suzano 58.8 -46.3
169 153 Grupo Ultra 127.8 -18.1
170 179 Industrias Penoles 159.2 70.3
171 229 Caemi Mineracao e 751.4 228.7
Metalurgia
172 165 Sonae (2)
173 -- Pan American Energy 497.0 45.7
174 189 Minera Mexico (4) 783.8 38.0
175 138 Copersucar (1)
176 125 PEMEX Petroquimica -1,554.9 -40.8
177 196 Grupo Comercial
Chedraui (1)
178 -- TIM Cellular -574.4 -28.1
179 167 ExxonMobil de Colombia 9.7 -47.6
180 177 Telecom Argentina 437.4 296.4
181 166 Grupo Aeromexico 21.8 -52.8
182 -- Energias do Brasil 187.7 366.2
183 187 Almacenes Coppel 114.1 -25.7
184 154 Carrefour (6)
185 197 Metales Penoles (4) 115.3 65.0
186 193 Minera Los Pelambres 1,157.0 47.2
187 -- Organizacion Terpel 37.7 -4.2
188 203 Aeropuertos y Servicios 49.9 39.9
189 -- Dow Brasil 79.2 101.8
190 289 Cencosud Internacional 51.6 234.7
191 217 Empresas ICA 47.2 485.4
192 192 Robert Bosch
193 181 Cia.Min.Dona Ines 739.7 15.0
de Collahuasi
194 264 MBR 700.0 180.5
195 204 Grupo Sigma 83.5 -8.3
196 -- Andrade Gutierrez 62.7 188.5
197 202 CGE 127.6 34.9
198 -- Grupo JBS-Friboi
199 190 Industrias Unidas 1.5 -95.1
200 163 BASF 81.2 -51.2
201 178 Mexicana de Aviacion -22.9 -342.5
202 195 Souza Cruz 295.9 7.3
203 172 Louis Dreyfus -11.5 -111.1
Commodities
204 -- Costco de Mexico 42.7 -22.7
205 176 Mittal Steel Lazaro
Cardenas
206 194 Almacenes Exito 29.7 12.5
207 186 Refinaria Ipiranga 59.1 -27.4
208 216 Makro Atacadista 35.2 5.2
209 207 Minera Yanacocha 535.0 25.0
210 -- Votorantim Metais 227.8 -7.1
211 306 Industrias CH 148.2 -12.3
212 209 Entel 138.6 63.0
213 255 Volvo do Brasil
214 171 Pequiven 334.6 -2.8
215 -- Ripley 50.5 -19.4
216 201 Votorantim Celulose 234.6 -21.1
e Papel
217 175 INTEL
218 211 Siderar 381.9 -15.0
219 161 TenarisSiderca (1)
220 287 Comcel 44.6 -20.1
221 -- GrupoNueva (3)
222 199 Aracruz 496.7 23.4
223 198 CHESF 319.0 1.0
224 200 EPM 371.3 19.8
225 206 Pao de Acucar
226 191 Unilever de Mexico (1)
227 208 Embotelladoras Arca 184.1 11.0
228 227 Recope 4.7 -91.8
229 213 Acesita 252.5 -1.4
230 214 Bachoco Industrias 166.2 163.9
231 -- Louis Dreyfus (1)
232 224 Cigatam Philip Morris 51.9 19.5
233 219 VBC Energia 161.7 65.0
234 252 Grupo Schincariol (2) 51.7 93.9
235 302 Minera Alumbrera (1)
236 237 Tenedora Nemak 77.1 30.9
237 240 Caiua -9.7 87.1
238 234 Sodimac 56.0 36.8
239 241 Celesc 88.6 17.1
240 257 Transpetro 161.1 54.5
241 253 Globex 23.7 20.9
242 210 Grupo Corvi 9.9 -22.8
243 248 TIM Participacoes 170.5 70.2
244 262 Arcor 35.3 5.3
245 225 Ultragaz (3) 83.4 -17.8
246 230 Farmacias Ahumada -6.5 -197.7
247 -- Oi 4.7 102.5
248 239 ANCAP 57.5 16.9
249 398 Grupo Simec 119.6 -5.2
250 232 Autoridad del Canal de 483.9 27.2
Panama
251 221 Organizacion Sahuayo (1)
252 242 Suzano Bahia 213.5 -6.0
253 275 Lojas Americanas 75.3 211.5
254 238 Petroquimica Uniao 35.2 -49.9
255 -- Pirelli Pneus 90.6 9.6
256 265 Bavaria -48.4 -33.0
257 272 Chilectra 152.0 9.5
258 182 Aceitera General Deheza 20.3 32.1
259 235 Klabin 132.1 -23.1
260 260 Paranapanema -8.7 -118.7
261 245 Coelba 248.4 91.6
262 247 Sears Roebuck 124.6 8.3
263 329 Gol 181.4 88.4
264 205 Telefonica CTC Chile 49.2 -91.2
265 228 Vitro Vidrio Plano (3) 102.0 -27.1
266 226 Deacero 43.3 -74.6
267 261 Tractebel Energia 393.1 34.6
268 183 Coamo Agroindustrial 86.4 -9.2
269 -- Liquigas Distribuidora 39.1 29.9
270 236 Telefonica de Argentina 251.5 9,414.8
271 263 Agrosuper
272 271 Enami 116.7 797.5
273 283 Weg 160.1 5.6
274 280 Comgas 136.3 49.7
275 250 DuPont Mexico (1)
276 273 SHV Gas Brasil (1)
277 342 Samarco Mineracao 521.4 100.5
278 259 Vitro Envases (3) 221.0 18.2
279 -- Grupo ICE 122.6 75.0
280 -- Grupo Coimex (1)
281 233 Telefonica del Peru 75.0 381.9
282 267 Sanborn Hermanos 77.3 -3.6
283 251 CVG Edelca 213.3 5.0
284 297 Nextel de Mexico (4) 331.5 29.0
285 270 Renault do Brasil -1.8 98.4
286 -- Grupo Cicsa 90.9 73.6
287 266 Grupo Nacional de 80.3 67.2
Chocolates
288 254 Holcim Apasco (1)
289 -- Abril -33.2 60.7
290 268 Grupo Continental 113.3 17.0
291 305 General Motors 49.8 125.8
Colmotores
292 -- Grupo Famsa 25.1 -39.4
293 285 Unipar 79.4 3.2
294 349 Cedae
295 -- ALE Combustiveis 6.4 88.7
296 -- Gerdau Acos Longos (12) 138.2
297 281 Cia. Brasileira de 308.5 14.1
Aluminio
298 331 Natura 169.6 49.9
299 406 CTI Movil (3) 93.4 5,487.9
300 282 Tele Centroeste Celular 144.9 -24.1
301 288 ChevronTexaco Petroleum 58.2 5.1
302 284 Desc Quimico (4) 45.4 61.2
303 -- Coinbra -0.9 -103.4
304 -- Alcoa Aluminio 152.5 3.9
305 301 Cia. Cervecerias Unidas 94.0 15.4
306 -- Sigdo Koppers 42.9 9.5
307 -- Quinsa 129.5 62.5
308 308 Drummond 88.6 11.2
309 318 Corporacion Geo 107.1 48.7
310 298 Elektro 281.3 187.3
311 299 CompreBem
312 304 Embotelladora Andina 109.4 51.7
313 311 Corporativo Fragua 43.6 37.1
314 243 Telefonica Moviles -188.5 7.8
Mexico (4)
315 -- Telecom Personal -57.4 -185.4
316 335 Organizacion Carulla 10.5 14.1
Vivero
317 277 Ampla Energia 53.9 331.2
318 279 Saludcoop EPS 9.3 0.9
319 269 Colombia Telecom. 19.6 -2.7
320 300 El Palacio de Hierro 77.8 16.0
321 328 Altsa Casas 21.9 13.4
Pernambucanas
322 244 Molinos Rio de la Plata 14.0 98.0
323 -- Entel Telefonia Personal 182.4 43.4
324 320 AES Gener 84.0 18.6
325 -- Syngenta Protecao de -65.4 -213.2
Cultivos
326 291 SQM 113.6 52.9
327 294 Grupo Industrial 8.1 -79.2
Saltillo
328 309 Tele Sudeste Celular 47.5 35.7
329 307 Superama
330 310 CAP 187.1 49.8
331 -- Sivensa (5) 117.3 128.2
332 278 Fosfertil 113.1 -33.5
333 290 Embraco 24.8 124.9
334 -- Gaspetro 172.6 -5.3
335 330 Caraiba Metais 10.2 -72.7
336 -- Mosaic Fertilizantes -23.8 -160.0
337 323 Bandeirante Energia 17.7 -63.8
338 378 CCR Rodovias 213.8 115.8
339 -- Albras Aluminio 105.7 -36.2
Brasileiro
340 317 Acindar 180.2 -1.3
341 312 Avipal 7.9 112.8
342 -- PSA Peugeot Citroen
Argentina
343 350 Randon 50.6 7.6
344 -- Grupo Clarin
345 352 Suzano Petroquimica 6.5 -84.1
346 315 Avianca 78.5 -38.4
347 -- Entel PCS 165.0 46.6
348 325 Empresas Navieras 39.1 75.4
349 -- Mexichem 60.3 195.2
350 322 CIE -119.4 -2,569.0
351 380 Cosan 7.3 -40.0
352 -- Manaus Energia -12.6 78.7
353 409 Desarrolladora Homex 93.9 48.1
354 303 TV Azteca 114.4 -17.4
355 344 CEEE 17.3 2,832.1
356 332 Ferrocarril Mexicano 89.1 1.9
357 -- Nestle 57.2 36.1
358 337 CPFL Piratininga 99.4 183.1
359 351 Isapre Banmedica 53.4 58.9
360 348 La Fonte Telecom 13.2 500.0
361 313 CESP -83.6 -751.3
362 295 Desc Automotriz (4) 11.2 -56.3
363 314 Codensa 120.3 23.6
364 -- V & M do Brasil 196.7 46.4
365 360 Urbi Desarrollos Urbanos 108.9 10.1
366 -- Ericsson Telecom (1)
367 319 Corporacion Durango 16.8 203.1
368 -- Grupo Ferroviario 109.8 31.7
Mexicano
369 492 Tenaris Confab 118.3 1,693.1
370 375 Carrefour 16.0 39.3
371 372 Telefonica Moviles de 2.0 -97.4
Colombia
372 451 Masisa 26.4 -53.6
373 -- Editora Abril -1.4 82.4
374 339 Acos Villares 93.9 4.3
375 274 BP Exploration Company 236.3 52.4
376 387 MRS Logistica 175.2 108.8
377 353 Marcopolo 35.2 9.9
378 -- Tigre (2) 34.3 15.6
379 354 Pfizer (2)
380 345 Supertiendas Olimpica 9.5 22.1
381 -- Construtora Andrade 44.0 42.9
Gutierrez
382 357 Infraero 10.5 -89.5
383 -- Telefonica Movil 12.6 162.9
de Chile
384 -- Grupo TFM 103.8 1,343.9
385 347 Suburbia
386 377 Tupy -55.5 -1,091.1
387 363 Madeco 23.5 53.5
388 382 Gasco 51.9 3.9
389 324 CMPC Celulosa 45.1 -67.6
390 343 Oxiteno (3) 128.3 -19.2
391 -- Grupo Amanco (3) 84.2 11.1
392 388 Celpe 57.6 99.4
393 364 Supermercados La 38.1 5.3
Favorita
394 390 NET 53.7 413.9
395 385 Sofasa 15.2 -1.1
396 399 Coelce 80.8 487.1
397 411 Unilever de Argentina 45.6 66.2
398 373 Celg 50.4 72.8
399 361 Nacobre 20.0 51.2
400 327 Avon Cosmetics (1)
401 431 Guararapes 33.7 -26.5
402 376 Cia.Siderurgica 97.7 -17.9
Huachipato
403 401 UTE 115.2 54.8
404 374 Belgo Bekaert Arames 94.9 5.6
405 391 Minas Penoles (4) 269.7 11.9
406 355 San Luis Corporacion -2.0 63.3
407 397 Rio Grande Energia 48.6 319.1
408 367 Empresas Carozzi 18.2 -0.1
409 340 Carbones del Cerrejon 123.1 -23.7
410 371 Cemex Venezuela 134.7 24.3
411 369 CMPC Papeles 85.4 -17.2
412 443 Iochpe-Maxion 30.8 61.3
413 394 Consorcio Ara 102.5 13.2
414 333 La Electricidad de 78.2 1,171.0
Caracas
415 370 Grupo Itautec Philco 19.9 134.1
416 334 ETB 63.2 -17.9
417 417 Copasa 123.3 29.4
418 368 Mahle Metal Leve 43.4 -36.2
419 356 Alunorte 98.8 -37.2
420 365 Scania
421 -- Conecel (3) 157.0 21.7
422 258 Imsatec (3) 53.7 2.9
423 393 Grupo Industrial Maseca 48.5 33.2
424 426 Cementos Bio Bio 50.5 15.4
425 386 Aluar 118.0 0.2
426 -- Magazine Luiza (13) 19.2 110.3
427 -- Saint-Gobain Vidros 54.0 -0.4
428 433 Renault Argentina -24.1 -49.5
429 389 CCNI 35.4 105.8
430 422 CFLCL 17.6 351.3
431 -- Siemens Mexico 23.3 108.0
432 395 Biper 112.2 207.2
433 384 Ripasa 27.6 -6.1
434 -- Sotreq 30.9 200.1
435 423 Grupo Embotelladoras 20.4 12.2
Unidas
436 -- Cia.Mega 121.1 3.3
437 402 Petroflex 37.6 1.5
438 405 Farmacias Benavides 13.4 13.8
439 -- Caramuru Alimentos (2)
440 -- CGE Distribucion 62.9 47.0
441 381 Wembley 23.4 -14.8
442 383 Coteminas 43.5 -34.3
443 358 Vicunha Textil -41.5 -1,022.2
444 420 Sao Paulo Alpargatas 70.6 99.7
445 400 Emcali 22.3 -75.3
446 404 Grupo Iusacell -66.3 62.8
447 -- Ultrafertil 98.8 1.3
448 410 AES Sul 3.5 107.0
449 -- Lojas Riachuelo 34.1 187.0
450 392 UCP Backus & Johnston 79.9 -9.6
451 -- Varig Logistica 11.2 273.6
452 -- Agricultores Federados 14.1 -8.4
Argentinos
453 -- Mineral Valparaiso 178.8 10.7
454 -- Spal Ind. Brasileira 39.4 14,209.5
de Bebidas
455 366 Alicorp 25.0 -19.1
456 -- Ceisa 74.1 173.9
457 396 Lojas Colombo -8.5 -203.0
458 -- Minera Barrick 189.5 13.8
Misquichilca
459 421 Duratex 58.6 24.1
460 -- Boehringer Ingelheim 21.3 -8.2
461 403 Grupo Herdez 28.3 2,458.3
462 425 Novartis Biociencias 17.3 577.6
463 -- Ericsson 79.3 -55.6
Telecomunicacoes
464 419 Elecmetal 30.6 -2.6
465 408 Cerrejon Zona Norte 132.5 3.6
466 456 Cemat 79.8 916.2
467 479 Gradiente 10.3 235.9
468 -- Mastellone Hermanos -10.9 -110.0
469 338 Escelsa 66.3 12.6
470 467 AES Tiete 237.6 116.3
471 415 Solvay Indupa 38.1 11.2
472 -- 3M do Brasil 87.2 29.1
473 464 Sendas
474 -- Nibrasco 77.4 169.7
475 457 Colbun 161.1 16.3
476 444 Transmissao Paulista 200.1 52.3
477 362 Yara Brasil 1.6 -95.7
Fertilizantes
478 439 CMPC Tissue 37.1 141.9
479 -- Amsted Maxion 29.4 144.3
480 -- Hocol 119.7 187.6
481 427 Celular CRT 55.3 -19.4
482 -- CTBC Telecom 20.6 -7.0
483 341 Cydsa -31.1 63.9
484 438 Politeno 27.0 -25.1
485 -- Antel 100.8 43.2
486 430 Telemig Cellular 74.4 23.7
487 -- Novartis Farmaceutica 0.2 -97.0
488 449 Grupo Posadas 37.9 46.5
489 454 Patagonia 10.0 24.3
490 474 Lojas Renner 34.3 73.2
491 -- Construtora 84.9 121.2
Queiroz Galvao
492 458 Celpa 42.0 189.5
493 -- Bayer 15.6 243.3
494 -- Skanska
495 455 Sanepar 82.5 4.1
496 463 Dixie Toga 18.7 15.3
497 450 Vips
498 460 Alkosto 11.7 70.1
499 496 Empresas La Polar 37.5 51.5
500 -- Axtel 26.7 487.0
TOTAL ASSETS
2005 US$ % change
'05 '04 COMPANY millions '05/'04
1 1 Petroleos Mexicanos 98,036.5 11.4
2 2 Petroleos de Venezuela 72,384.0 17.5
3 4 Petrobras 78,404.4 41.5
4 5 PEMEX Refinacion 27,908.8 13.3
5 7 Comision Federal de 62,195.9 1.4
Electricidad
6 10 America Movil 21,627.4 23.9
7 8 Wal-Mart de Mexico 7,972.1 23.7
8 9 Telmex 23,507.6 3.6
9 17 Cemex 26,727.2 65.8
10 11 Petrobras Distribuidora 3,771.8 28.8
11 13 CVRD 22,896.5 39.8
12 6 PEMEX Gas y Petroquimica 9,121.3 -0.6
13 24 Organizacion Techint (1) 12,502.0 49.3
14 12 General Motors (1)
15 -- Empresas Petroleo 2,252.5 14.6
Ipiranga
16 16 Codelco 10,739.0 21.6
17 14 DaimlerChrysler 5,234.1 9.8
18 15 FEMSA 11,848.2 9.1
19 22 Ipiranga Distribuidora 1,482.4 26.0
20 21 Gerdau 9,347.3 32.9
21 20 Eletrobras 51,457.9 14.7
22 26 Telcel (3)
23 28 Ipiranga Petroquimica 1,186.1 25.0
24 19 Odebrecht 9,255.6 16.5
25 23 Grupo Votorantim 35,615.3 38.2
26 18 Bunge Brasil (1)
27 25 Repsol YPF 10,565.2 2.2
28 31 Copec 9,350.4 12.0
29 27 Grupo Carso 7,865.3 15.0
30 29 Tele Norte Leste 10,591.9 13.0
31 30 Telemar 11,648.4 5.5
32 33 Volkswagen Mexico 5,123.8 13.0
33 36 Volkswagen do Brasil
34 51 AmBev 14,308.9 15.0
35 33 Ecopetrol 14,299.8 22.2
36 58 Tenaris 6,706.0 18.4
37 46 ENAP 3,671.5 23.7
38 38 Shell Brasil 2,903.4 19.3
39 80 General Motors do Brasil
40 37 Grupo Alfa 5,953.5 -26.6
41 43 Enersis 20,014.8 6.1
42 41 Telesp 8,052.8 14.0
43 44 Nissan Mexicana (1)
44 56 ENAP Refinerias 2,179.2 33.6
45 34 Hewlett-Packard
Mexico (1)
46 40 Grupo Salinas (1)
47 45 Cia. Brasileira de 4,666.6 18.8
Distribuicao
48 62 Cargill Agricola 2,101.8 46.7
49 50 Braskem 6,660.7 18.7
50 49 Usiminas 7,773.4 21.5
51 55 Grupo Mexico 9,092.9 -3.8
52 53 Carrefour
53 59 Petroecuador 3,623.4 12.4
54 48 Grupo Industrial Bimbo 3,482.1 15.7
55 35 Bunge Alimentos 2,917.5 16.3
56 106 Cencosud 4,878.4 74.2
57 42 Vivo (1)
58 66 Bodega Aurrera
59 57 Coca-Cola FEMSA 6,314.0 4.5
60 70 Chevron Brasil 798.3 25.2
61 60 Grupo Modelo 7,549.2 14.6
62 81 Arcelor Brasil (7) 7,763.8 155.2
63 65 Organizacion Soriana 3,332.0 19.1
64 -- Ternium (8) 8,660.0 227.2
65 68 Sam's Club
66 78 Minera Escondida 5,144.6 18.2
67 72 Brasil Telecom 7,776.6 10.3
68 67 CSN 10,444.6 12.2
69 -- Coca-Cola Brasil (2)
70 89 Fiat Automoveis 1,842.7 33.7
71 73 Wal-Mart Supercenter
72 157 Southern Copper 5,688.7 119.0
73 52 U.S. Commercial 1,419.9 -9.2
74 79 DaimlerChrysler do
Brasil (1)
75 63 Embraer 7,255.5 35.8
76 96 CSAV 1,811.0 12.5
77 156 Casas Bahia 3,027.5 17.5
78 84 Falabella 4,298.4 18.5
79 69 Esso Brasileira
de Petroleo
80 74 Cont. Comercial Mexicana 2,851.6 10.6
81 77 Grupo Cintra 1,062.0 -40.8
82 76 Grupo Imsa 3,360.9 8.1
83 -- TIM Brasil
84 87 AES Elpa 5,205.9 10.0
85 88 Eletropaulo 4,737.9 10.1
Metropolitana
86 95 Cemig 8,475.9 34.1
87 -- Unilever do Brasil (1)
88 115 Petrobras Energia 6,191.8 11.4
89 83 Cia. Luz y Fuerza del 9,708.4 5.5
Centro
90 61 Ford Motor Company
91 85 Alpek 2,338.5 -17.9
92 104 CPFL Energia 5,917.6 24.5
93 -- Telmex do Brasil (3)
94 103 Correios e Telegrafos 2,333.8 20.7
95 -- Belgo Siderurgia (3) 3,113.7 8.4
96 92 Embratel 5,294.8 24.7
97 91 Telesp Celular 5,890.0 10.6
(Vivo Part.)
98 82 Cemex Mexico (3) 6,813.0 17.9
99 64 Gerdau Acominas (9) 2,530.0 -30.3
100 Sadia 2,786.7 29.2
101 100 DyS 2,155.5 15.4
102 94 PepsiCo Mexicana 902.0 2.7
103 134 Imsa Acero (3)
104 97 Grupo Televisa 7,038.6 6.2
105 110 Cia. Paulista de 3,851.4 16.4
Forca e Luz
106 99 Puerto de Liverpool 3,478.3 21.7
107 130 Procter & Gamble de
Mexico (1)
108 112 Grupo Elektra 4,763.6 39.2
109 86 Grupo Gigante 2,125.9 6.4
110 102 Nestle
111 93 Ford Motor (1)
112 75 Varig 997.7 -12.5
113 -- Grupo Comercial 925.5 -12.6
Mexicana (10)
114 123 Grupo Siemens (5)
115 146 Grupo Mabe 1,992.6 14.8
116 -- Grupo Camargo Correa 5,173.9 43.4
117 137 Claro (3)
118 120 Extra Hipermercados
119 133 Oxxo (FEMSA 911.2 22.7
Comercio) (3)
120 124 Const. Norberto 2,500.6 21.8
Odebrecht
121 116 Empresas Polar (5)
122 90 Bunge Fertilizantes 3,422.3 46.9
123 119 Itaipu Binacional 21,005.1 4.0
124 122 FEMSA Cerveza (3) 4,213.8 9.1
125 152 Flextronics
Manufacturing (1)
126 136 Grupo Sanborns 2,854.0 22.4
127 71 Cargill (1)
128 118 Wal-Mart Brasil
129 121 Gruma 2,516.8 17.0
130 129 LAN 2,146.6 17.3
131 111 Bunge Argentina (1)
132 145 Antofagasta 3,780.0 18.1
133 162 TAM 1,414.5 71.2
134 160 Nokia do Brasil (1)
135 132 Copesul 935.0 12.4
136 -- Arcelor Brasil 4,096.2 25.8
CST (3) (11)
137 346 Globo Comunicacao (14) 3,620.4 3.9
138 131 Celulosa Arauco 7,031.5 11.7
139 127 CANTV 3,390.7 -1.5
140 114 Nestle
141 128 Desc 2,327.8 -1.3
142 98 Petroleos del Peru 715.0 2.7
143 -- Eletronorte 8,376.0 18.0
144 47 GE Mexico
145 113 Vitro 2,826.9 2.8
146 143 Cosipa 3,137.8 14.2
147 169 Grupo Industrial Lala 1,155.2 6.8
148 -- CARHCO
149 150 Perdigao 1,551.8 63.1
150 148 Endesa 9,514.9 -0.3
151 135 Brasmotor 1,706.3 -1.4
152 158 Furnas Centrais 7,534.8 13.8
Eletricas
153 147 Refineria La Pampilla 612.9 5.6
154 173 Neoenergia 5,387.1 23.2
155 151 Altos Hornos de Mexico 3,529.7 8.8
156 142 Empresas CMPC 6,306.5 13.8
157 140 Multibras 1,680.2 -0.5
158 164 Sabesp 7,448.7 17.8
159 246 Molymet 923.1 29.6
160 174 Light 3,718.1 21.7
161 -- Southern Peru Copper 2,364.1 3.1
162 180 Copel 4,673.4 25.6
163 155 Kimberly Clark de Mexico 2,348.4 3.5
164 107 Grupo Condumex
165 139 Grupo Xignux 1,463.1 4.9
166 149 Grupo Casa Saba 924.6 12.9
167 184 Cencosud Supermercados 796.1 19.3
168 170 Suzano 4,595.3 50.2
169 153 Grupo Ultra 1,551.4 59.7
170 179 Industrias Penoles 2,295.0 15.8
171 229 Caemi Mineracao e 2,081.0 55.9
Metalurgia
172 165 Sonae (2)
173 -- Pan American Energy 5,491.0 6.7
174 189 Minera Mexico (4)
175 138 Copersucar (1)
176 125 PEMEX Petroquimica 4,863.9 17.0
177 196 Grupo Comercial
Chedraui (1)
178 -- TIM Cellular 4,187.8 34.1
179 167 ExxonMobil de Colombia 450.2 4.3
180 177 Telecom Argentina 2,802.3 -32.1
181 166 Grupo Aeromexico 881.5 6.8
182 -- Energias do Brasil 3,826.0 30.8
183 187 Almacenes Coppel 1,838.6 29.8
184 154 Carrefour (6)
185 197 Metales Penoles (4)
186 193 Minera Los Pelambres 2,158.0 8.6
187 -- Organizacion Terpel 424.2 24.2
188 203 Aeropuertos y Servicios 987.2 16.7
189 -- Dow Brasil 1,249.4 11.8
190 289 Cencosud Internacional 1,388.1 -1.1
191 217 Empresas ICA 2,912.3 61.5
192 192 Robert Bosch
193 181 Cia.Min.Dona Ines 2,956.4 -1.5
de Collahuasi
194 264 MBR
195 204 Grupo Sigma 1,206.0 18.3
196 -- Andrade Gutierrez 3,360.4 11.8
197 202 CGE 3,321.8 12.4
198 -- Grupo JBS-Friboi
199 190 Industrias Unidas 1,155.5 10.6
200 163 BASF 1,191.6 7.5
201 178 Mexicana de Aviacion 882.7 -7.6
202 195 Souza Cruz 1,654.7 31.4
203 172 Louis Dreyfus 1,676.5 37.4
Commodities
204 -- Costco de Mexico 939.1 11.2
205 176 Mittal Steel Lazaro
Cardenas
206 194 Almacenes Exito 1,331.2 14.1
207 186 Refinaria Ipiranga 1,070.8 9.1
208 216 Makro Atacadista 424.6 33.5
209 207 Minera Yanacocha 1,473.0 35.3
210 -- Votorantim Metais
211 306 Industrias CH 1,818.9 48.2
212 209 Entel 2,216.4 6.9
213 255 Volvo do Brasil
214 171 Pequiven
215 -- Ripley 1,613.1 25.0
216 201 Votorantim Celulose 4,082.0 41.6
e Papel
217 175 INTEL
218 211 Siderar 1,830.0 48.1
219 161 TenarisSiderca (1)
220 287 Comcel 2,153.0 42.8
221 -- GrupoNueva (3)
222 199 Aracruz 4,006.8 19.8
223 198 CHESF 7,882.9 12.5
224 200 EPM 6,207.1 10.7
225 206 Pao de Acucar
226 191 Unilever de Mexico (1)
227 208 Embotelladoras Arca 1,345.2 11.1
228 227 Recope 458.6 21.7
229 213 Acesita 1,820.3 25.5
230 214 Bachoco Industrias 1,439.8 19.4
231 -- Louis Dreyfus (1)
232 224 Cigatam Philip Morris
233 219 VBC Energia 2,540.5 16.2
234 252 Grupo Schincariol (2)
235 302 Minera Alumbrera (1)
236 237 Tenedora Nemak 1,126.8 12.0
237 240 Caiua 3,530.8 59.5
238 234 Sodimac 633.6 -2.5
239 241 Celesc 1,434.9 22.2
240 257 Transpetro 1,240.6 50.5
241 253 Globex 775.4 20.0
242 210 Grupo Corvi 350.8 -6.1
243 248 TIM Participacoes 1,873.4 38.3
244 262 Arcor 1,024.3 40.3
245 225 Ultragaz (3)
246 230 Farmacias Ahumada 538.6 5.9
247 -- Oi
248 239 ANCAP 869.9 19.1
249 398 Grupo Simec 1,363.0 69.8
250 232 Autoridad del Canal de 3,155.1 10.8
Panama
251 221 Organizacion Sahuayo (1)
252 242 Suzano Bahia 3,135.7 38.9
253 275 Lojas Americanas 1,181.3 52.0
254 238 Petroquimica Uniao 672.9 27.1
255 -- Pirelli Pneus 913.7 12.1
256 265 Bavaria 4,641.6 0.4
257 272 Chilectra 2,005.8 3.7
258 182 Aceitera General Deheza 515.4 19.1
259 235 Klabin 2,006.1 21.9
260 260 Paranapanema 1,205.0 29.6
261 245 Coelba 1,727.7 11.9
262 247 Sears Roebuck
263 329 Gol 963.8 65.6
264 205 Telefonica CTC Chile 3,335.5 -1.9
265 228 Vitro Vidrio Plano (3)
266 226 Deacero 1,588.6 25.3
267 261 Tractebel Energia 2,437.5 4.3
268 183 Coamo Agroindustrial 905.3 15.1
269 -- Liquigas Distribuidora 457.7 2.8
270 236 Telefonica de Argentina 2,362.6 -6.1
271 263 Agrosuper
272 271 Enami 745.2 -12.1
273 283 Weg 1,413.5 51.7
274 280 Comgas 1,101.8 30.3
275 250 DuPont Mexico (1)
276 273 SHV Gas Brasil (1)
277 342 Samarco Mineracao 1,038.0 35.6
278 259 Vitro Envases (3)
279 -- Grupo ICE 5,303.8 0.2
280 -- Grupo Coimex (1)
281 233 Telefonica del Peru 2,104.0 -2.8
282 267 Sanborn Hermanos
283 251 CVG Edelca 14,648.4 3.6
284 297 Nextel de Mexico (4)
285 270 Renault do Brasil 797.2 4.5
286 -- Grupo Cicsa 867.9 90.5
287 266 Grupo Nacional de 1,760.8 54.3
Chocolates
288 254 Holcim Apasco (1)
289 -- Abril 592.6 -2.5
290 268 Grupo Continental 838.4 -6.6
291 305 General Motors 422.0 34.9
Colmotores
292 -- Grupo Famsa 1,051.4 19.8
293 285 Unipar 1,115.5 30.8
294 349 Cedae
295 -- ALE Combustiveis 97.9 29.0
296 -- Gerdau Acos Longos (12) 1,937.4
297 281 Cia. Brasileira de 2,217.3 38.7
Aluminio
298 331 Natura 584.8 52.7
299 406 CTI Movil (3)
300 282 Tele Centroeste Celular 1,652.3 22.0
301 288 ChevronTexaco Petroleum 386.7 17.8
302 284 Desc Quimico (4) 702.5 8.3
303 -- Coinbra 872.8 33.0
304 -- Alcoa Aluminio 1,543.9 25.3
305 301 Cia. Cervecerias Unidas 1,255.7 18.1
306 -- Sigdo Koppers 1,393.0 29.6
307 -- Quinsa 1,413.5 8.2
308 308 Drummond 796.1 59.7
309 318 Corporacion Geo 1,243.1 38.8
310 298 Elektro 1,450.0 11.5
311 299 CompreBem
312 304 Embotelladora Andina 1,026.8 -1.3
313 311 Corporativo Fragua 351.5 -1.3
314 243 Telefonica Moviles
Mexico (4)
315 -- Telecom Personal 924.3 4.6
316 335 Organizacion Carulla 465.8 6.2
Vivero
317 277 Ampla Energia 1,769.9 -7.0
318 279 Saludcoop EPS 343.1 4.0
319 269 Colombia Telecom. 1,235.6 6.2
320 300 El Palacio de Hierro 1,337.6 23.2
321 328 Altsa Casas 547.2 36.0
Pernambucanas
322 244 Molinos Rio de la Plata 788.1 19.7
323 -- Entel Telefonia Personal 952.5 14.0
324 320 AES Gener 2,798.4 7.6
325 -- Syngenta Protecao de 945.3 10.3
Cultivos
326 291 SQM 1,641.2 20.5
327 294 Grupo Industrial 1,150.6 5.5
Saltillo
328 309 Tele Sudeste Celular 1,255.9 15.0
329 307 Superama
330 310 CAP 1,341.9 19.9
331 -- Sivensa (5) 1,682.7 90.3
332 278 Fosfertil 957.8 9.0
333 290 Embraco 809.5 -7.2
334 -- Gaspetro
335 330 Caraiba Metais 786.3 24.4
336 -- Mosaic Fertilizantes 599.1 -0.8
337 323 Bandeirante Energia 913.7 -0.3
338 378 CCR Rodovias 1,463.0 35.0
339 -- Albras Aluminio 1,175.9 38.2
Brasileiro
340 317 Acindar 838.7 3.2
341 312 Avipal 643.8 43.9
342 -- PSA Peugeot Citroen
Argentina
343 350 Randon 500.9 37.0
344 -- Grupo Clarin
345 352 Suzano Petroquimica 1,406.1 86.1
346 315 Avianca 543.1 23.5
347 -- Entel PCS 1,052.8 18.8
348 325 Empresas Navieras 413.5 24.4
349 -- Mexichem 838.4 -13.0
350 322 CIE 1,500.8 11.4
351 380 Cosan 1,163.4 23.6
352 -- Manaus Energia 969.2 22.2
353 409 Desarrolladora Homex 1,326.1 118.2
354 303 TV Azteca 1,722.5 2.2
355 344 CEEE 1,482.3 18.8
356 332 Ferrocarril Mexicano 1,244.1 9.3
357 -- Nestle 141.3 13.4
358 337 CPFL Piratininga 830.4 24.6
359 351 Isapre Banmedica 537.3 37.6
360 348 La Fonte Telecom 1,559.5 7.7
361 313 CESP 8,319.9 11.0
362 295 Desc Automotriz (4) 653.2 -12.0
363 314 Codensa 2,044.4 -7.7
364 -- V & M do Brasil 729.5 36.3
365 360 Urbi Desarrollos Urbanos 1,164.6 30.1
366 -- Ericsson Telecom (1)
367 319 Corporacion Durango 1,394.6 0.6
368 -- Grupo Ferroviario 1,143.8 9.1
Mexicano
369 492 Tenaris Confab 481.3 5.3
370 375 Carrefour 591.5 21.8
371 372 Telefonica Moviles de 2,221.7 24.9
Colombia
372 451 Masisa 1,966.7 6.0
373 -- Editora Abril
374 339 Acos Villares 694.0 32.9
375 274 BP Exploration Company 547.0 6.1
376 387 MRS Logistica 479.1 49.9
377 353 Marcopolo 555.5 24.4
378 -- Tigre (2)
379 354 Pfizer (2)
380 345 Supertiendas Olimpica 353.7 20.5
381 -- Construtora Andrade 1,610.4 13.7
Gutierrez
382 357 Infraero 423.1 11.4
383 -- Telefonica Movil 1,108.0 23.0
de Chile
384 -- Grupo TFM 2,413.6 8.0
385 347 Suburbia
386 377 Tupy 774.8 31.4
387 363 Madeco 672.1 9.2
388 382 Gasco 1,589.9 11.9
389 324 CMPC Celulosa 1,604.3 49.1
390 343 Oxiteno (3)
391 -- Grupo Amanco (3) 632.9
392 388 Celpe 1,348.4 25.1
393 364 Supermercados La 355.5 26.4
Favorita
394 390 NET 992.1 18.1
395 385 Sofasa 231.3 28.1
396 399 Coelce 1,025.5 14.1
397 411 Unilever de Argentina 369.5 3.2
398 373 Celg 2,243.9 97.3
399 361 Nacobre
400 327 Avon Cosmetics (1)
401 431 Guararapes 635.6 38.3
402 376 Cia.Siderurgica 810.5 4.3
Huachipato
403 401 UTE 2,915.1 3.1
404 374 Belgo Bekaert Arames 365.0 15.4
405 391 Minas Penoles (4)
406 355 San Luis Corporacion 700.4 0.9
407 397 Rio Grande Energia 993.5 15.8
408 367 Empresas Carozzi 623.4 11.6
409 340 Carbones del Cerrejon 925.0 12.8
410 371 Cemex Venezuela 1,302.7 8.3
411 369 CMPC Papeles 1,177.4 -3.2
412 443 Iochpe-Maxion 288.3 21.2
413 394 Consorcio Ara 913.3 20.8
414 333 La Electricidad de 2,208.6 -17.2
Caracas
415 370 Grupo Itautec Philco 309.0 -13.6
416 334 ETB 1,911.7 10.7
417 417 Copasa 1,532.2 26.8
418 368 Mahle Metal Leve 410.7 10.5
419 356 Alunorte 1,646.8 45.4
420 365 Scania
421 -- Conecel (3)
422 258 Imsatec (3)
423 393 Grupo Industrial Maseca 801.0 19.6
424 426 Cementos Bio Bio 914.1 22.0
425 386 Aluar 974.3 20.1
426 -- Magazine Luiza (13) 374.2 81.5
427 -- Saint-Gobain Vidros 584.1 15.4
428 433 Renault Argentina 399.0 -1.1
429 389 CCNI 192.0 27.3
430 422 CFLCL 1,288.6 14.9
431 -- Siemens Mexico 540.2 9.1
432 395 Biper 1,035.6 24.2
433 384 Ripasa 974.0 17.6
434 -- Sotreq 274.8 20.2
435 423 Grupo Embotelladoras 462.4 10.0
Unidas
436 -- Cia.Mega 523.3 -16.8
437 402 Petroflex 404.8 22.0
438 405 Farmacias Benavides 257.4 13.8
439 -- Caramuru Alimentos (2)
440 -- CGE Distribucion 644.5 8.9
441 381 Wembley 1,289.3 43.2
442 383 Coteminas 1,225.4 43.9
443 358 Vicunha Textil 683.9 13.8
444 420 Sao Paulo Alpargatas 486.3 23.8
445 400 Emcali 2,040.1 4.2
446 404 Grupo Iusacell 1,017.8 3.4
447 -- Ultrafertil 475.9 -0.5
448 410 AES Sul 931.7 7.5
449 -- Lojas Riachuelo 379.6 36.1
450 392 UCP Backus & Johnston 749.3 -11.3
451 -- Varig Logistica 102.6 53.4
452 -- Agricultores Federados 182.6 22.7
Argentinos
453 -- Mineral Valparaiso 4,914.1 153.4
454 -- Spal Ind. Brasileira 365.0 38.8
de Bebidas
455 366 Alicorp 531.3 -1.4
456 -- Ceisa 1,401.0 -5.5
457 396 Lojas Colombo 321.8 28.8
458 -- Minera Barrick 1,116.7 48.0
Misquichilca
459 421 Duratex 831.8 21.9
460 -- Boehringer Ingelheim 335.2 -1.7
461 403 Grupo Herdez 418.3 5.9
462 425 Novartis Biociencias 317.2 12.0
463 -- Ericsson 810.2 9.9
Telecomunicacoes
464 419 Elecmetal 1,124.9 15.3
465 408 Cerrejon Zona Norte 703.6 45.3
466 456 Cemat 1,069.8 28.9
467 479 Gradiente 315.4 66.3
468 -- Mastellone Hermanos 520.8 -2.2
469 338 Escelsa 771.1 -26.9
470 467 AES Tiete 1,088.7 23.8
471 415 Solvay Indupa 551.3 11.7
472 -- 3M do Brasil 294.9 10.1
473 464 Sendas
474 -- Nibrasco
475 457 Colbun 3,069.6 65.6
476 444 Transmissao Paulista 2,125.5 21.8
477 362 Yara Brasil 250.2 -1.6
Fertilizantes
478 439 CMPC Tissue 688.4 -13.7
479 -- Amsted Maxion 185.0 41.3
480 -- Hocol 287.2 15.2
481 427 Celular CRT 783.6 8.2
482 -- CTBC Telecom 503.7 18.3
483 341 Cydsa 767.6 -8.2
484 438 Politeno 279.0 15.2
485 -- Antel 982.5 5.5
486 430 Telemig Cellular 863.9 7.8
487 -- Novartis Farmaceutica 236.6 3.4
488 449 Grupo Posadas 1,116.1 15.1
489 454 Patagonia 238.4 6.6
490 474 Lojas Renner 451.7 61.5
491 -- Construtora 560.0 31.7
Queiroz Galvao
492 458 Celpa 1,413.1 46.7
493 -- Bayer 344.2 10.7
494 -- Skanska
495 455 Sanepar 1,652.8 26.7
496 463 Dixie Toga 379.4 25.6
497 450 Vips
498 460 Alkosto 240.9 60.8
499 496 Empresas La Polar 411.5 43.1
500 -- Axtel 1,018.7 31.6
'05 '04 COMPANY EMPLOYEES
1 1 Petroleos Mexicanos 138,215
2 2 Petroleos de Venezuela 48,919
3 4 Petrobras 53,933
4 5 PEMEX Refinacion 47,900
5 7 Comision Federal de 81,250
Electricidad
6 10 America Movil 30,210
7 8 Wal-Mart de Mexico 124,295
8 9 Telmex 75,442
9 17 Cemex 53,156
10 11 Petrobras Distribuidora 3,758
11 13 CVRD 25,000
12 6 PEMEX Gas y Petroquimica 12,000
13 24 Organizacion Techint (1) 34,200
14 12 General Motors (1) 11,250
15 -- Empresas Petroleo 3,653
Ipiranga
16 16 Codelco 16,778
17 14 DaimlerChrysler 6,950
18 15 FEMSA 90,731
19 22 Ipiranga Distribuidora 1,500
20 21 Gerdau 25,253
21 20 Eletrobras 5,628
22 26 Telcel (3)
23 28 Ipiranga Petroquimica 1,500
24 19 Odebrecht 31,643
25 23 Grupo Votorantim 28,000
26 18 Bunge Brasil (1) 9,793
27 25 Repsol YPF 9,500
28 31 Copec 8,500
29 27 Grupo Carso 81,890
30 29 Tele Norte Leste 16,000
31 30 Telemar 6,637
32 33 Volkswagen Mexico 13,500
33 36 Volkswagen do Brasil 22,000
34 51 AmBev 13,000
35 33 Ecopetrol 6,720
36 58 Tenaris 14,390
37 46 ENAP 3,067
38 38 Shell Brasil 1,530
39 80 General Motors do Brasil 21,180
40 37 Grupo Alfa 36,000
41 43 Enersis 10,300
42 41 Telesp 7,770
43 44 Nissan Mexicana (1) 9,000
44 56 ENAP Refinerias 1,311
45 34 Hewlett-Packard 2,420
Mexico (1)
46 40 Grupo Salinas (1) 34,000
47 45 Cia. Brasileira de 62,803
Distribuicao
48 62 Cargill Agricola 23,000
49 50 Braskem 2,880
50 49 Usiminas 8,000
51 55 Grupo Mexico 21,110
52 53 Carrefour 45,000
53 59 Petroecuador 3,971
54 48 Grupo Industrial Bimbo 74,498
55 35 Bunge Alimentos 5,862
56 106 Cencosud 59,773
57 42 Vivo (1) 6,151
58 66 Bodega Aurrera 21,000
59 57 Coca-Cola FEMSA 55,635
60 70 Chevron Brasil 913
61 60 Grupo Modelo 43,904
62 81 Arcelor Brasil (7) 15,000
63 65 Organizacion Soriana 43,630
64 -- Ternium (8) 18,283
65 68 Sam's Club 11,000
66 78 Minera Escondida 2,500
67 72 Brasil Telecom 8,000
68 67 CSN 8,180
69 -- Coca-Cola Brasil (2) 28,000
70 89 Fiat Automoveis 8,506
71 73 Wal-Mart Supercenter 13,500
72 157 Southern Copper 12,888
73 52 U.S. Commercial 16,220
74 79 DaimlerChrysler do 13,209
Brasil (1)
75 63 Embraer 9,300
76 96 CSAV
77 156 Casas Bahia 56,019
78 84 Falabella 15,000
79 69 Esso Brasileira 2,200
de Petroleo
80 74 Cont. Comercial Mexicana 35,837
81 77 Grupo Cintra 7,904
82 76 Grupo Imsa 12,833
83 -- TIM Brasil 2,446
84 87 AES Elpa
85 88 Eletropaulo 4,400
Metropolitana
86 95 Cemig 11,238
87 -- Unilever do Brasil (1) 13,000
88 115 Petrobras Energia 5,000
89 83 Cia. Luz y Fuerza del
Centro
90 61 Ford Motor Company 5,885
91 85 Alpek 4,502
92 104 CPFL Energia 5,838
93 -- Telmex do Brasil (3)
94 103 Correios e Telegrafos 108,000
95 -- Belgo Siderurgia (3) 10,000
96 92 Embratel 6,500
97 91 Telesp Celular
(Vivo Part.)
98 82 Cemex Mexico (3) 9,200
99 64 Gerdau Acominas (9)
100 Sadia 40,000
101 100 DyS 17,000
102 94 PepsiCo Mexicana 64,000
103 134 Imsa Acero (3)
104 97 Grupo Televisa 14,583
105 110 Cia. Paulista de
Forca e Luz
106 99 Puerto de Liverpool 24,156
107 130 Procter & Gamble de 6,000
Mexico (1)
108 112 Grupo Elektra 28,510
109 86 Grupo Gigante 33,215
110 102 Nestle
111 93 Ford Motor (1) 6,500
112 75 Varig 11,450
113 -- Grupo Comercial 21,214
Mexicana (10)
114 123 Grupo Siemens (5) 10,305
115 146 Grupo Mabe 19,753
116 -- Grupo Camargo Correa 32,300
117 137 Claro (3)
118 120 Extra Hipermercados 23,266
119 133 Oxxo (FEMSA 9,234
Comercio) (3)
120 124 Const. Norberto 27,159
Odebrecht
121 116 Empresas Polar (5) 16,000
122 90 Bunge Fertilizantes 3,931
123 119 Itaipu Binacional 3,281
124 122 FEMSA Cerveza (3) 20,741
125 152 Flextronics 10,000
Manufacturing (1)
126 136 Grupo Sanborns 40,234
127 71 Cargill (1) 1,800
128 118 Wal-Mart Brasil 50,112
129 121 Gruma 14,866
130 129 LAN 11,000
131 111 Bunge Argentina (1) 1,000
132 145 Antofagasta 3,086
133 162 TAM 8,000
134 160 Nokia do Brasil (1) 2,184
135 132 Copesul 1,000
136 -- Arcelor Brasil
CST (3) (11)
137 346 Globo Comunicacao (14)
138 131 Celulosa Arauco 3,984
139 127 CANTV 11,000
140 114 Nestle 4,995
141 128 Desc 13,168
142 98 Petroleos del Peru 1,716
143 -- Eletronorte 2,570
144 47 GE Mexico 9,500
145 113 Vitro 24,637
146 143 Cosipa 6,000
147 169 Grupo Industrial Lala 23,811
148 -- CARHCO 22,903
149 150 Perdigao
150 148 Endesa 1,700
151 135 Brasmotor 5,500
152 158 Furnas Centrais 4,581
Eletricas
153 147 Refineria La Pampilla
154 173 Neoenergia 5,247
155 151 Altos Hornos de Mexico 16,937
156 142 Empresas CMPC 8,842
157 140 Multibras 8,000
158 164 Sabesp 17,448
159 246 Molymet
160 174 Light 3,825
161 -- Southern Peru Copper 3,565
162 180 Copel 4,825
163 155 Kimberly Clark de Mexico 8,626
164 107 Grupo Condumex 16,000
165 139 Grupo Xignux 26,645
166 149 Grupo Casa Saba 5,314
167 184 Cencosud Supermercados 18,726
168 170 Suzano
169 153 Grupo Ultra 6,992
170 179 Industrias Penoles 7,060
171 229 Caemi Mineracao e 3,110
Metalurgia
172 165 Sonae (2) 23,200
173 -- Pan American Energy 1,134
174 189 Minera Mexico (4) 9,313
175 138 Copersucar (1)
176 125 PEMEX Petroquimica 14,900
177 196 Grupo Comercial 15,000
Chedraui (1)
178 -- TIM Cellular
179 167 ExxonMobil de Colombia 510
180 177 Telecom Argentina 13,944
181 166 Grupo Aeromexico 7,539
182 -- Energias do Brasil 3,461
183 187 Almacenes Coppel 22,737
184 154 Carrefour (6)
185 197 Metales Penoles (4) 2,105
186 193 Minera Los Pelambres 517
187 -- Organizacion Terpel 1,800
188 203 Aeropuertos y Servicios
189 -- Dow Brasil 863
190 289 Cencosud Internacional 24,604
191 217 Empresas ICA 10,925
192 192 Robert Bosch 11,838
193 181 Cia.Min.Dona Ines 949
de Collahuasi
194 264 MBR 2,730
195 204 Grupo Sigma 19,463
196 -- Andrade Gutierrez 53
197 202 CGE
198 -- Grupo JBS-Friboi 19,156
199 190 Industrias Unidas
200 163 BASF 4,800
201 178 Mexicana de Aviacion 6,690
202 195 Souza Cruz 5,955
203 172 Louis Dreyfus 7,855
Commodities
204 -- Costco de Mexico 6,540
205 176 Mittal Steel Lazaro
Cardenas
206 194 Almacenes Exito 12,866
207 186 Refinaria Ipiranga 287
208 216 Makro Atacadista 4,744
209 207 Minera Yanacocha 2,935
210 -- Votorantim Metais 7,000
211 306 Industrias CH 3,353
212 209 Entel
213 255 Volvo do Brasil 2,398
214 171 Pequiven 2,588
215 -- Ripley
216 201 Votorantim Celulose 2,930
e Papel
217 175 INTEL 2,900
218 211 Siderar 4,700
219 161 TenarisSiderca (1) 4,300
220 287 Comcel
221 -- GrupoNueva (3) 16,000
222 199 Aracruz 2,000
223 198 CHESF 5,628
224 200 EPM 5,983
225 206 Pao de Acucar 14,580
226 191 Unilever de Mexico (1) 5,000
227 208 Embotelladoras Arca 16,020
228 227 Recope 1,688
229 213 Acesita 3,150
230 214 Bachoco Industrias 19,105
231 -- Louis Dreyfus (1)
232 224 Cigatam Philip Morris
233 219 VBC Energia
234 252 Grupo Schincariol (2) 7,000
235 302 Minera Alumbrera (1) 1,165
236 237 Tenedora Nemak 6,100
237 240 Caiua
238 234 Sodimac 20,000
239 241 Celesc 3,610
240 257 Transpetro 4,969
241 253 Globex 8,300
242 210 Grupo Corvi 5,419
243 248 TIM Participacoes 2,446
244 262 Arcor 18,000
245 225 Ultragaz (3) 4,424
246 230 Farmacias Ahumada
247 -- Oi 1,525
248 239 ANCAP 2,133
249 398 Grupo Simec 1,993
250 232 Autoridad del Canal de 9,223
Panama
251 221 Organizacion Sahuayo (1) 820
252 242 Suzano Bahia
253 275 Lojas Americanas 8,490
254 238 Petroquimica Uniao 560
255 -- Pirelli Pneus 6,798
256 265 Bavaria 2,524
257 272 Chilectra 745
258 182 Aceitera General Deheza 1,850
259 235 Klabin
260 260 Paranapanema
261 245 Coelba 2,776
262 247 Sears Roebuck
263 329 Gol 3,300
264 205 Telefonica CTC Chile
265 228 Vitro Vidrio Plano (3)
266 226 Deacero 4,280
267 261 Tractebel Energia
268 183 Coamo Agroindustrial 5,155
269 -- Liquigas Distribuidora 3,769
270 236 Telefonica de Argentina
271 263 Agrosuper 12,000
272 271 Enami 770
273 283 Weg 12,000
274 280 Comgas 670
275 250 DuPont Mexico (1) 1,500
276 273 SHV Gas Brasil (1) 3,270
277 342 Samarco Mineracao 1,336
278 259 Vitro Envases (3)
279 -- Grupo ICE 13,000
280 -- Grupo Coimex (1) 143
281 233 Telefonica del Peru
282 267 Sanborn Hermanos 22,440
283 251 CVG Edelca 3,792
284 297 Nextel de Mexico (4) 1,800
285 270 Renault do Brasil 2,800
286 -- Grupo Cicsa
287 266 Grupo Nacional de 16,712
Chocolates
288 254 Holcim Apasco (1) 3,581
289 -- Abril 5,472
290 268 Grupo Continental 13,650
291 305 General Motors 1,233
Colmotores
292 -- Grupo Famsa 14,605
293 285 Unipar 180
294 349 Cedae 7,000
295 -- ALE Combustiveis 283
296 -- Gerdau Acos Longos (12)
297 281 Cia. Brasileira de 6,000
Aluminio
298 331 Natura 1,150
299 406 CTI Movil (3)
300 282 Tele Centroeste Celular
301 288 ChevronTexaco Petroleum 360
302 284 Desc Quimico (4)
303 -- Coinbra 5,000
304 -- Alcoa Aluminio 4,447
305 301 Cia. Cervecerias Unidas
306 -- Sigdo Koppers
307 -- Quinsa
308 308 Drummond 2,250
309 318 Corporacion Geo 4,906
310 298 Elektro 2,450
311 299 CompreBem 8,581
312 304 Embotelladora Andina
313 311 Corporativo Fragua 8,280
314 243 Telefonica Moviles 2,000
Mexico (4)
315 -- Telecom Personal
316 335 Organizacion Carulla 12,273
Vivero
317 277 Ampla Energia 1,410
318 279 Saludcoop EPS 21,811
319 269 Colombia Telecom. 4,627
320 300 El Palacio de Hierro 7,376
321 328 Altsa Casas 12,799
Pernambucanas
322 244 Molinos Rio de la Plata
323 -- Entel Telefonia Personal
324 320 AES Gener
325 -- Syngenta Protecao de 942
Cultivos
326 291 SQM 3,418
327 294 Grupo Industrial 10,962
Saltillo
328 309 Tele Sudeste Celular
329 307 Superama
330 310 CAP
331 -- Sivensa (5) 3,270
332 278 Fosfertil 3,009
333 290 Embraco 5,960
334 -- Gaspetro
335 330 Caraiba Metais 850
336 -- Mosaic Fertilizantes 1,050
337 323 Bandeirante Energia
338 378 CCR Rodovias 3,460
339 -- Albras Aluminio 1,295
Brasileiro
340 317 Acindar 4,000
341 312 Avipal 8,820
342 -- PSA Peugeot Citroen 3,600
Argentina
343 350 Randon 2,480
344 -- Grupo Clarin 8,454
345 352 Suzano Petroquimica
346 315 Avianca 5,592
347 -- Entel PCS
348 325 Empresas Navieras
349 -- Mexichem
350 322 CIE 12,582
351 380 Cosan 10,140
352 -- Manaus Energia 529
353 409 Desarrolladora Homex 7,297
354 303 TV Azteca 2,532
355 344 CEEE 3,269
356 332 Ferrocarril Mexicano 6,043
357 -- Nestle 4,200
358 337 CPFL Piratininga 1,055
359 351 Isapre Banmedica
360 348 La Fonte Telecom
361 313 CESP 1,330
362 295 Desc Automotriz (4)
363 314 Codensa 850
364 -- V & M do Brasil 4,294
365 360 Urbi Desarrollos Urbanos 3,565
366 -- Ericsson Telecom (1)
367 319 Corporacion Durango 7,492
368 -- Grupo Ferroviario
Mexicano
369 492 Tenaris Confab
370 375 Carrefour
371 372 Telefonica Moviles de 1,909
Colombia
372 451 Masisa
373 -- Editora Abril
374 339 Acos Villares 3,135
375 274 BP Exploration Company 400
376 387 MRS Logistica 2,981
377 353 Marcopolo 5,460
378 -- Tigre (2) 4,000
379 354 Pfizer (2) 1,800
380 345 Supertiendas Olimpica 3,912
381 -- Construtora Andrade 7,863
Gutierrez
382 357 Infraero 9,500
383 -- Telefonica Movil
de Chile
384 -- Grupo TFM
385 347 Suburbia
386 377 Tupy 8,040
387 363 Madeco
388 382 Gasco
389 324 CMPC Celulosa 1,231
390 343 Oxiteno (3) 1,210
391 -- Grupo Amanco (3) 5,362
392 388 Celpe 1,755
393 364 Supermercados La 3,462
Favorita
394 390 NET 4,181
395 385 Sofasa 1,325
396 399 Coelce 1,340
397 411 Unilever de Argentina 3,500
398 373 Celg 2,240
399 361 Nacobre 6,500
400 327 Avon Cosmetics (1)
401 431 Guararapes
402 376 Cia.Siderurgica 2,440
Huachipato
403 401 UTE 6,304
404 374 Belgo Bekaert Arames 1,545
405 391 Minas Penoles (4) 3,509
406 355 San Luis Corporacion 5,700
407 397 Rio Grande Energia 1,405
408 367 Empresas Carozzi
409 340 Carbones del Cerrejon 3,900
410 371 Cemex Venezuela
411 369 CMPC Papeles 1,788
412 443 Iochpe-Maxion
413 394 Consorcio Ara 9,413
414 333 La Electricidad de 2,549
Caracas
415 370 Grupo Itautec Philco 5,270
416 334 ETB 4,522
417 417 Copasa 10,652
418 368 Mahle Metal Leve 6,820
419 356 Alunorte 1,108
420 365 Scania 2,990
421 -- Conecel (3)
422 258 Imsatec (3)
423 393 Grupo Industrial Maseca 2,711
424 426 Cementos Bio Bio
425 386 Aluar
426 -- Magazine Luiza (13) 9,700
427 -- Saint-Gobain Vidros 3,120
428 433 Renault Argentina
429 389 CCNI 222
430 422 CFLCL
431 -- Siemens Mexico 2,997
432 395 Biper 1,980
433 384 Ripasa 2,730
434 -- Sotreq 2,190
435 423 Grupo Embotelladoras 12,000
Unidas
436 -- Cia.Mega
437 402 Petroflex 610
438 405 Farmacias Benavides 5,036
439 -- Caramuru Alimentos (2) 1,865
440 -- CGE Distribucion
441 381 Wembley
442 383 Coteminas
443 358 Vicunha Textil
444 420 Sao Paulo Alpargatas 10,000
445 400 Emcali
446 404 Grupo Iusacell 1,240
447 -- Ultrafertil
448 410 AES Sul 725
449 -- Lojas Riachuelo 10,000
450 392 UCP Backus & Johnston 1,042
451 -- Varig Logistica 1,365
452 -- Agricultores Federados 1,008
Argentinos
453 -- Mineral Valparaiso
454 -- Spal Ind. Brasileira 2,933
de Bebidas
455 366 Alicorp
456 -- Ceisa
457 396 Lojas Colombo 8,130
458 -- Minera Barrick 941
Misquichilca
459 421 Duratex 5,020
460 -- Boehringer Ingelheim 1,125
461 403 Grupo Herdez 5,854
462 425 Novartis Biociencias 2,171
463 -- Ericsson
Telecomunicacoes
464 419 Elecmetal
465 408 Cerrejon Zona Norte
466 456 Cemat 1,780
467 479 Gradiente
468 -- Mastellone Hermanos
469 338 Escelsa 1,158
470 467 AES Tiete 250
471 415 Solvay Indupa
472 -- 3M do Brasil 2,962
473 464 Sendas 6,189
474 -- Nibrasco
475 457 Colbun
476 444 Transmissao Paulista 2,985
477 362 Yara Brasil 880
Fertilizantes
478 439 CMPC Tissue 2,851
479 -- Amsted Maxion
480 -- Hocol
481 427 Celular CRT
482 -- CTBC Telecom
483 341 Cydsa 4,431
484 438 Politeno 260
485 -- Antel
486 430 Telemig Cellular 2,378
487 -- Novartis Farmaceutica 2,068
488 449 Grupo Posadas 7,911
489 454 Patagonia
490 474 Lojas Renner 5,810
491 -- Construtora 7,450
Queiroz Galvao
492 458 Celpa 2,475
493 -- Bayer 1,877
494 -- Skanska 9,900
495 455 Sanepar 4,669
496 463 Dixie Toga
497 450 Vips
498 460 Alkosto
499 496 Empresas La Polar 3,660
500 -- Axtel
'05 '04 COMPANY WEB SITE
1 1 Petroleos Mexicanos pemex.com.mx
2 2 Petroleos de Venezuela pdvsa.com
3 4 Petrobras petrobras.com.br
4 5 PEMEX Refinacion pemex.com.mx
5 7 Comision Federal de cfe.gob.mx
Electricidad
6 10 America Movil americamovil.com
7 8 Wal-Mart de Mexico walmartmexico.com.mx
8 9 Telmex telmex.com.mx
9 17 Cemex cemex.com
10 11 Petrobras Distribuidora br.com.br
11 13 CVRD cvrd.com.br
12 6 PEMEX Gas y Petroquimica pemex.com.mx
13 24 Organizacion Techint (1) techintgroup.com
14 12 General Motors (1) gm.com.mx
15 -- Empresas Petroleo ipiranga.com.br
Ipiranga
16 16 Codelco codelco.cl
17 14 DaimlerChrysler daimlerchrysler.com.mx
18 15 FEMSA femsa.com
19 22 Ipiranga Distribuidora ipiranga.com.br
20 21 Gerdau gerdau.com.br
21 20 Eletrobras eletrobras.gov.br
22 26 Telcel (3) telcel.com
23 28 Ipiranga Petroquimica ipiranga.com.br
24 19 Odebrecht odebrecht.com.br
25 23 Grupo Votorantim votorantim.com.br
26 18 Bunge Brasil (1) bunge.com.br
27 25 Repsol YPF ypf.com.ar
28 31 Copec copec.cl
29 27 Grupo Carso gcarso.com.mx
30 29 Tele Norte Leste telemar.com.br
31 30 Telemar telemar.com.br
32 33 Volkswagen Mexico vw.com.mx
33 36 Volkswagen do Brasil volkswagen.com.br
34 51 AmBev ambev.com.br
35 33 Ecopetrol ecopetrol.com.co
36 58 Tenaris tenaris.com
37 46 ENAP enap.cl
38 38 Shell Brasil shell.com.br
39 80 General Motors do Brasil chevrolet.com.br
40 37 Grupo Alfa alfa.com.mx
41 43 Enersis enersis.cl
42 41 Telesp telesp.com.br
43 44 Nissan Mexicana (1) nissan.com.mx
44 56 ENAP Refinerias enap.cl
45 34 Hewlett-Packard hp.com.mx
Mexico (1)
46 40 Grupo Salinas (1) gruposalinas.com.mx
47 45 Cia. Brasileira de grupopaodeacucar.com.br
Distribuicao
48 62 Cargill Agricola cargill.com.br
49 50 Braskem braskem.com.br
50 49 Usiminas usiminas.com.br
51 55 Grupo Mexico gmexico.com.mx
52 53 Carrefour carrefour.com.br
53 59 Petroecuador petroecuador.com.ec
54 48 Grupo Industrial Bimbo grupobimbo.com
55 35 Bunge Alimentos bunge.com.br
56 106 Cencosud cencosud.cl
57 42 Vivo (1) vivo-sp.com.br
58 66 Bodega Aurrera walmartmexico.com.mx
59 57 Coca-Cola FEMSA cocacola-femsa.com.mx
60 70 Chevron Brasil texaco.com.br
61 60 Grupo Modelo gmodelo.com.mx
62 81 Arcelor Brasil (7) arcelor.com.br
63 65 Organizacion Soriana soriana.com.mx
64 -- Ternium (8) ternium.com
65 68 Sam's Club sams.com.mx
66 78 Minera Escondida mineraescondida.cl
67 72 Brasil Telecom brasihelecom.com.br
68 67 CSN csn.com.br
69 -- Coca-Cola Brasil (2) cocacolabrasil.com.br
70 89 Fiat Automoveis frat.com.br
71 73 Wal-Mart Supercenter walmartmexico.com.mx
72 157 Southern Copper southemperu.com
73 52 U.S. Commercial gcarso.com.mx
74 79 DaimlerChrysler do daimlerchrysler.com.br
Brasil (1)
75 63 Embraer embraer.com.br
76 96 CSAV csav.com
77 156 Casas Bahia casasbahia.com.br
78 84 Falabella falabella.cl
79 69 Esso Brasileira esso.com.br
de Petroleo
80 74 Cont. Comercial Mexicana comerci.com.mx
81 77 Grupo Cintra cintra.com.mx
82 76 Grupo Imsa grupoimsa.com
83 -- TIM Brasil timbrasil.com.br
84 87 AES Elpa eletropaulo.com.br
85 88 Eletropaulo eletropaulo.com.br
Metropolitana
86 95 Cemig cemig.com.br
87 -- Unilever do Brasil (1) unilever.com.br
88 115 Petrobras Energia pecom.com.ar
89 83 Cia. Luz y Fuerza del lfc.gob.mx
Centro
90 61 Ford Motor Company ford.com.mx
91 85 Alpek alfa.com.mx
92 104 CPFL Energia cpfl.com.br
93 -- Telmex do Brasil (3) telmex.com/br
94 103 Correios e Telegrafos correios.gov.br
95 -- Belgo Siderurgia (3) arcelor.com/br
96 92 Embratel embratel.com.br
97 91 Telesp Celular telespcelular.com.br
(Vivo Part.)
98 82 Cemex Mexico (3) cemex.com.mx
99 64 Gerdau Acominas (9) acominas.com.br
100 Sadia sadia.com.br
101 100 DyS dys.cl
102 94 PepsiCo Mexicana pepsi.com.mx
103 134 Imsa Acero (3) imsa.com.mx
104 97 Grupo Televisa televisa.com.mx
105 110 Cia. Paulista de cpfl.com.br
Forca e Luz
106 99 Puerto de Liverpool liverpool.com.mx
107 130 Procter & Gamble de pg.com.mx
Mexico (1)
108 112 Grupo Elektra grupoelektra.com.mx
109 86 Grupo Gigante grupogigante.com.mx
110 102 Nestle nestle.com.br
111 93 Ford Motor (1) ford.com.br
112 75 Varig varig.com.br
113 -- Grupo Comercial comercialmexicana.com
Mexicana (10)
114 123 Grupo Siemens (5) siemens.com.br
115 146 Grupo Mabe mabe.com.mx
116 -- Grupo Camargo Correa camargoconea.com.br
117 137 Claro (3) claro.com.br
118 120 Extra Hipermercados extra.com.br
119 133 Oxxo (FEMSA tiendasoxxo.com.mx
Comercio) (3)
120 124 Const. Norberto odebrecht.com
Odebrecht
121 116 Empresas Polar (5) empresas-polar.com
122 90 Bunge Fertilizantes bungefertilizantes.com.br
123 119 Itaipu Binacional itaipu.gov.br
124 122 FEMSA Cerveza (3) ccm.com.mx
125 152 Flextronics flextronics.com.mx
Manufacturing (1)
126 136 Grupo Sanborns sanborns.com.mx
127 71 Cargill (1) cargill.com.ar
128 118 Wal-Mart Brasil walmartbrasil.com.br
129 121 Gruma gruma.com
130 129 LAN lanchile.com
131 111 Bunge Argentina (1) bungeargentina.com
132 145 Antofagasta antofagasta.co.uk
133 162 TAM tam.com.br
134 160 Nokia do Brasil (1) nokia.com.br
135 132 Copesul copesul.com.br
136 -- Arcelor Brasil arcelor.com/br
CST (3) (11)
137 346 Globo Comunicacao (14) globo.com.br
138 131 Celulosa Arauco celarauco.cl
139 127 CANTV cantv.com.ve
140 114 Nestle nestle.com.mx
141 128 Desc desc.com.mx
142 98 Petroleos del Peru petroperu.com
143 -- Eletronorte eln.gov.br
144 47 GE Mexico ge.com.mx
145 113 Vitro vto.com
146 143 Cosipa cosipa.com.br
147 169 Grupo Industrial Lala lala.com.mx
148 -- CARHCO walmartcentroamerica.com
149 150 Perdigao perdigao.com.br
150 148 Endesa endesa.cl
151 135 Brasmotor brasmotor.com.br
152 158 Furnas Centrais furnas.com.br
Eletricas
153 147 Refineria La Pampilla relapasa.com
154 173 Neoenergia neoenergia.com
155 151 Altos Hornos de Mexico ahmsa.com.mx
156 142 Empresas CMPC cmpc.cl
157 140 Multibras multibras.com.br
158 164 Sabesp sabesp.com.br
159 246 Molymet molymet.cl
160 174 Light light.com.br
161 -- Southern Peru Copper southernperu.com
162 180 Copel copel.com
163 155 Kimberly Clark de Mexico kimberly-clark.com.mx
164 107 Grupo Condumex condumex.com.mx
165 139 Grupo Xignux xignux.com
166 149 Grupo Casa Saba saba.com.mx
167 184 Cencosud Supermercados cencosud.cl
168 170 Suzano suzano.com.br
169 153 Grupo Ultra ultra.com.br
170 179 Industrias Penoles penoles.com.mx
171 229 Caemi Mineracao e caemi.com.br
Metalurgia
172 165 Sonae (2) walmartbrasil.com.br
173 -- Pan American Energy pan-energy.com
174 189 Minera Mexico (4) southernperu.com
175 138 Copersucar (1) copersucar.com.br
176 125 PEMEX Petroquimica pemex.com.mx
177 196 Grupo Comercial chedraui.com.mx
Chedraui (1)
178 -- TIM Cellular timcelular.com.br
179 167 ExxonMobil de Colombia exxon.com
180 177 Telecom Argentina telecom.com.ar
181 166 Grupo Aeromexico aeromexico.com
182 -- Energias do Brasil energiasdobrasil.com.br
183 187 Almacenes Coppel coppel.com
184 154 Carrefour (6) carrefour.com.ar
185 197 Metales Penoles (4) penoles.com.mx
186 193 Minera Los Pelambres lospelambres.cl
187 -- Organizacion Terpel terpel.com
188 203 Aeropuertos y Servicios asa.gob.mx
189 -- Dow Brasil dowbrasil.com.br
190 289 Cencosud Internacional cencosud.cl
191 217 Empresas ICA ica.com.mx
192 192 Robert Bosch bosch.com.br
193 181 Cia.Min.Dona Ines collahuasi.cl
de Collahuasi
194 264 MBR mbr.com.br
195 204 Grupo Sigma sigma-alimentos.com
196 -- Andrade Gutierrez agsa.com.br
197 202 CGE cge.cl
198 -- Grupo JBS-Friboi friboi.com.br
199 190 Industrias Unidas grupo-iusa.com
200 163 BASF basf.com.br
201 178 Mexicana de Aviacion mexicana.com.mx
202 195 Souza Cruz souzacruz.com.br
203 172 Louis Dreyfus louisdreyfus.com.br
Commodities
204 -- Costco de Mexico costco.com.mx
205 176 Mittal Steel Lazaro mittalsteel.com
Cardenas
206 194 Almacenes Exito exito.com.co
207 186 Refinaria Ipiranga ipiranga.com.br
208 216 Makro Atacadista makro.com.br
209 207 Minera Yanacocha yanacocha.com.pe
210 -- Votorantim Metais votorantim-metais.com.br
211 306 Industrias CH industriasch.com.mx
212 209 Entel entel.cl
213 255 Volvo do Brasil volvo.com.br
214 171 Pequiven pequiven.com
215 -- Ripley ripley.cl
216 201 Votorantim Celulose vcp.com.br
e Papel
217 175 INTEL intel.com
218 211 Siderar siderar.com.ar
219 161 TenarisSiderca (1) siderca.com
220 287 Comcel comcel.com.co
221 -- GrupoNueva (3) gruponueva.com
222 199 Aracruz aracruz.com.br
223 198 CHESF chesf.gov.br
224 200 EPM eeppm.com
225 206 Pao de Acucar paodeacucar.com
226 191 Unilever de Mexico (1) unilever.com
227 208 Embotelladoras Arca e-arca.com.mx
228 227 Recope recope.go.cr
229 213 Acesita acesita.com.br
230 214 Bachoco Industrias bachoco.com.mx
231 -- Louis Dreyfus (1) ldc.com.ar
232 224 Cigatam Philip Morris gcarso.com
233 219 VBC Energia vbc.com.br
234 252 Grupo Schincariol (2) schincariol.com.br
235 302 Minera Alumbrera (1) alumbrera.com.ar
236 237 Tenedora Nemak nemak.com
237 240 Caiua gruporede.com.br
238 234 Sodimac sodimac.cl
239 241 Celesc celesc.com.br
240 257 Transpetro transpetro.com.br
241 253 Globex pontofrio.com.br
242 210 Grupo Corvi grupocorvi.com.mx
243 248 TIM Participacoes timsul.com.br
244 262 Arcor arcor.com.ar
245 225 Ultragaz (3) ultragaz.com.br
246 230 Farmacias Ahumada fasa.cl
247 -- Oi msgcelular.com.br
248 239 ANCAP ancap.com.uy
249 398 Grupo Simec simec.com.mx
250 232 Autoridad del Canal de acp.gob.pa
Panama
251 221 Organizacion Sahuayo (1) sahuayoabarrotes.com.mx
252 242 Suzano Bahia suzano.com.br
253 275 Lojas Americanas americanas.com.br
254 238 Petroquimica Uniao pqu.com.br
255 -- Pirelli Pneus pirelli.com.br
256 265 Bavaria bavaria.com.co
257 272 Chilectra chilectra.cl
258 182 Aceitera General Deheza agd.com.ar
259 235 Klabin klabin.com.br
260 260 Paranapanema paranapanema.com.br
261 245 Coelba coelba.com.br
262 247 Sears Roebuck sears.com.mx
263 329 Gol voegol.com.br
264 205 Telefonica CTC Chile ctc.cl
265 228 Vitro Vidrio Plano (3) vitro.com.mx
266 226 Deacero deacero.com
267 261 Tractebel Energia gerasul.com.br
268 183 Coamo Agroindustrial coamo.com.br
269 -- Liquigas Distribuidora liquigas.com.br
270 236 Telefonica de Argentina telefonica.com.ar
271 263 Agrosuper agrosuper.cl
272 271 Enami enami.cl
273 283 Weg weg.com.br
274 280 Comgas comgas.com.br
275 250 DuPont Mexico (1) dupont.com.mx
276 273 SHV Gas Brasil (1) shvgas.com.br
277 342 Samarco Mineracao samarco.com.br
278 259 Vitro Envases (3) vitro.com.mx
279 -- Grupo ICE grupoice.com
280 -- Grupo Coimex (1) grupocoimex.com.br
281 233 Telefonica del Peru telefonica.com.pe
282 267 Sanborn Hermanos sanborns.com.mx
283 251 CVG Edelca edelca.com.ve
284 297 Nextel de Mexico (4) nextel.com.mx
285 270 Renault do Brasil renault.com.br
286 -- Grupo Cicsa ccicsa.com.mx
287 266 Grupo Nacional de chocolates.com.co
Chocolates
288 254 Holcim Apasco (1) apasco.com.mx
289 -- Abril abril.com.br
290 268 Grupo Continental contal.com
291 305 General Motors chevrolet.com.co
Colmotores
292 -- Grupo Famsa famsa.com.mx
293 285 Unipar unipar.ind.br
294 349 Cedae cedae.rj.com.br
295 -- ALE Combustiveis ale.com.br
296 -- Gerdau Acos Longos (12) gerdau.com.br
297 281 Cia. Brasileira de cba.ind.br
Aluminio
298 331 Natura natura.net
299 406 CTI Movil (3) cti.com.ar
300 282 Tele Centroeste Celular tco.net.br
301 288 ChevronTexaco Petroleum texaco.com.co
302 284 Desc Quimico (4) desc.com.mx
303 -- Coinbra coinbra.com.br
304 -- Alcoa Aluminio alcoa.com.br
305 301 Cia. Cervecerias Unidas ccu.cl
306 -- Sigdo Koppers sigdokoppers.cl
307 -- Quinsa quinsa.com.ar
308 308 Drummond drummondco.com
309 318 Corporacion Geo casasgeo.com
310 298 Elektro elektro.com.br
311 299 CompreBem comprebem.com
312 304 Embotelladora Andina andina.cl
313 311 Corporativo Fragua fragua.com.mx
314 243 Telefonica Moviles telefonica.com.mx
Mexico (4)
315 -- Telecom Personal personal.com.ar
316 335 Organizacion Carulla carullavivero.com
Vivero
317 277 Ampla Energia ampla.com
318 279 Saludcoop EPS saludcoop.com.co
319 269 Colombia Telecom. telecom.com.co
320 300 El Palacio de Hierro elpalaciodehierro.com.mx
321 328 Altsa Casas pernambucanas.com.br
Pernambucanas
322 244 Molinos Rio de la Plata molinos.com.ar
323 -- Entel Telefonia Personal entel.cl
324 320 AES Gener gener.cl
325 -- Syngenta Protecao de syngenta.com.br
Cultivos
326 291 SQM sqm.cl
327 294 Grupo Industrial gis.com.mx
Saltillo
328 309 Tele Sudeste Celular telefonicacelular.com.br
329 307 Superama superama.com.mx
330 310 CAP cap.cl
331 -- Sivensa (5) sivensa.com
332 278 Fosfertil fosfertil.com.br
333 290 Embraco embraco.com.br
334 -- Gaspetro gaspetro.com.br
335 330 Caraiba Metais paranapanema.com.br
336 -- Mosaic Fertilizantes mosaicco.com
337 323 Bandeirante Energia bandeirante.com.br
338 378 CCR Rodovias ccrnet.com.br
339 -- Albras Aluminio albras.net
Brasileiro
340 317 Acindar acindar.com.ar
341 312 Avipal avipal.com.br
342 -- PSA Peugeot Citroen psa-peugeot-citroen.com
Argentina
343 350 Randon randon.com.br
344 -- Grupo Clarin grupoclarin.com
345 352 Suzano Petroquimica suzano.com.br
346 315 Avianca avianca.com.co
347 -- Entel PCS entel.cl
348 325 Empresas Navieras naviera.cl
349 -- Mexichem mexichem.com.mx
350 322 CIE cie-mexico.com.mx
351 380 Cosan cosan.com.br
352 -- Manaus Energia manausenergia.com.br
353 409 Desarrolladora Homex homex.com.mx
354 303 TV Azteca tvazteca.com.mx
355 344 CEEE ceee.com.br
356 332 Ferrocarril Mexicano ferromex.com.mx
357 -- Nestle nestle.cl
358 337 CPFL Piratininga piratininga.com.br
359 351 Isapre Banmedica banmedica.cl
360 348 La Fonte Telecom
361 313 CESP cesp.com.br
362 295 Desc Automotriz (4) desc.com.mx
363 314 Codensa codensa.com.co
364 -- V & M do Brasil vmtubes.com.br
365 360 Urbi Desarrollos Urbanos urbi.com.mx
366 -- Ericsson Telecom (1) ericsson.com/mx
367 319 Corporacion Durango gidusa.com.mx
368 -- Grupo Ferroviario grupomexico.com
Mexicano
369 492 Tenaris Confab confab.com.br
370 375 Carrefour carrefour.com.co
371 372 Telefonica Moviles de telefonica.com.co
Colombia
372 451 Masisa terranova.com
373 -- Editora Abril abril.com.br
374 339 Acos Villares villares.com.br
375 274 BP Exploration Company bp.com
376 387 MRS Logistica mrs.com.br
377 353 Marcopolo marcopolo.com.br
378 -- Tigre (2) tigre.com.br
379 354 Pfizer (2) pfizer.com.br
380 345 Supertiendas Olimpica olimpica.com.co
381 -- Construtora Andrade agsa.com.br
Gutierrez
382 357 Infraero infraero.gov.br
383 -- Telefonica Movil telefonicamovil.cl
de Chile
384 -- Grupo TFM tfm.com.mx
385 347 Suburbia suburbia.com.mx
386 377 Tupy tupy.com.br
387 363 Madeco madeco.cl
388 382 Gasco gasco.cl
389 324 CMPC Celulosa cmpccelulosa.cl
390 343 Oxiteno (3) oxiteno.com.br
391 -- Grupo Amanco (3) amanco.com
392 388 Celpe celpe.com.br
393 364 Supermercados La supermaxi.com
Favorita
394 390 NET globocabo.com.br
395 385 Sofasa sofasa.com.co
396 399 Coelce coelce.com.br
397 411 Unilever de Argentina unilever.com.ar
398 373 Celg celg.com.br
399 361 Nacobre nacobre.com.mx
400 327 Avon Cosmetics (1) avon.com.mx
401 431 Guararapes lojasriachuelo.com.br
402 376 Cia.Siderurgica cap.cl
Huachipato
403 401 UTE ute.com.uy
404 374 Belgo Bekaert Arames belgobekaert.com.br
405 391 Minas Penoles (4) penoles.com.mx
406 355 San Luis Corporacion sanluiscorp.com.mx
407 397 Rio Grande Energia rge-rs.com.br
408 367 Empresas Carozzi carozzi.cl
409 340 Carbones del Cerrejon cerrejoncoal.com
410 371 Cemex Venezuela cemexvenezuela.com
411 369 CMPC Papeles cmpc.cl
412 443 Iochpe-Maxion iochpe-maxion.com.br
413 394 Consorcio Ara consorcioara.com.mx
414 333 La Electricidad de laedc.com.ve
Caracas
415 370 Grupo Itautec Philco itautec.com.br
416 334 ETB etb.com.co
417 417 Copasa copasa.com.br
418 368 Mahle Metal Leve metalleve.com.br
419 356 Alunorte alunorte.net
420 365 Scania scania.com.br
421 -- Conecel (3) conecel.com.ec
422 258 Imsatec (3) imsatec.com.mx
423 393 Grupo Industrial Maseca gruma.com
424 426 Cementos Bio Bio cementos.cl
425 386 Aluar aluar.com.ar
426 -- Magazine Luiza (13) magazineluiza.com.br
427 -- Saint-Gobain Vidros saint-gobain.com
428 433 Renault Argentina renault.com.ar
429 389 CCNI ccni.cl
430 422 CFLCL cataguazes.com.br
431 -- Siemens Mexico siemens.com.mx
432 395 Biper biper.com.mx
433 384 Ripasa ripasa.com.br
434 -- Sotreq sotreq.com.br
435 423 Grupo Embotelladoras geupec.com
Unidas
436 -- Cia.Mega ciamega.com.ar
437 402 Petroflex petroflex.com.br
438 405 Farmacias Benavides benavides.com.mx
439 -- Caramuru Alimentos (2) caramuru.com
440 -- CGE Distribucion cge.cl
441 381 Wembley wembley.com.br
442 383 Coteminas coteminas.com.br
443 358 Vicunha Textil vicunha.com.br
444 420 Sao Paulo Alpargatas alpargatas.com.br
445 400 Emcali emcali.com.co
446 404 Grupo Iusacell iusacell.com.mx
447 -- Ultrafertil ultrafertil.com.br
448 410 AES Sul aessul.com.br
449 -- Lojas Riachuelo lojasriachuelo.com.br
450 392 UCP Backus & Johnston backus.com.pe
451 -- Varig Logistica variglog.com
452 -- Agricultores Federados afascl.com
Argentinos
453 -- Mineral Valparaiso minera.cl
454 -- Spal Ind. Brasileira
de Bebidas
455 366 Alicorp alicorp.com.pe
456 -- Ceisa ceisa.com.ar
457 396 Lojas Colombo colombo.com.br
458 -- Minera Barrick barrick.com
Misquichilca
459 421 Duratex duratex.com.br
460 -- Boehringer Ingelheim boehringer-ingelheim.com.mx
461 403 Grupo Herdez grupoherdez.com.mx
462 425 Novartis Biociencias novartis.com.br
463 -- Ericsson ericsson.com.br
Telecomunicacoes
464 419 Elecmetal elecmetal.cl
465 408 Cerrejon Zona Norte cerrejoncoal.com
466 456 Cemat cemat.com.br
467 479 Gradiente gradiente.com.br
468 -- Mastellone Hermanos laserenisima.com.ar
469 338 Escelsa escelsa.com.br
470 467 AES Tiete aestiete.com.br
471 415 Solvay Indupa solvayindupa.com
472 -- 3M do Brasil mmm.com
473 464 Sendas grupopaodeacucar.com.br
474 -- Nibrasco cvrd.com.br
475 457 Colbun colbun.cl
476 444 Transmissao Paulista cteep.com.br
477 362 Yara Brasil adubostrevo.com.br
Fertilizantes
478 439 CMPC Tissue cmpctissue.com
479 -- Amsted Maxion iochpe-maxion.com.br
480 -- Hocol hocol.com.co
481 427 Celular CRT telefonica-rs.net.br
482 -- CTBC Telecom ctbctelecom.com.br
483 341 Cydsa cydsa.com
484 438 Politeno politeno.com.br
485 -- Antel antel.com.uy
486 430 Telemig Cellular telemigcelular.com.br
487 -- Novartis Farmaceutica novartis.com.mx
488 449 Grupo Posadas posadas.com.mx
489 454 Patagonia laanonima.com.ar
490 474 Lojas Renner lojasrenner.com.br
491 -- Construtora queirozgalvao.com.br
Queiroz Galvao
492 458 Celpa gruporede.com.br
493 -- Bayer bayer.com.br
494 -- Skanska skanska.com.ar
495 455 Sanepar sanepar.com.br
496 463 Dixie Toga dixietoga.com.br
497 450 Vips vips.com.mx
498 460 Alkosto alkosto.com
499 496 Empresas La Polar lapolar.cl
500 -- Axtel axtel.com.mx
NOTES: (1) Estimates (2) Gross revenues (3) EBITDA (Earnings before
interest, taxes, depreciation and amortization) (4) Operating profit
(5) For the fiscal year ending September, 2005 (6) Sales include
value-added tax (VAT) (7) Formerly Companhia Siderurgica Belgo
Mineira (8) New company with controlling stakes on Hylsamex (Mexico),
Siderar (Argentina) and Sidor (Venezuela) (9) Figures adjusted for
Gerdau Acominas restructuring (10) Includes Mega, Comercial Mexicana
and Bodegas (11) Includes CST and Vega do Sul (12) New company created
from Gerdau Acominas restructuring (13) Includes Base, Madol and Killar
(14) Merger of TV Globo and Globo Comunicacoes
SOURCE: Economatica, individual stock exchanges, company reports,
LATIN TRADE
2006F
SALES FORECAST
% growth
Gol (2.00)
Vivo (4.91)
Industrias CH (2.06)
Lojas Americanas (1.62)
Industrias Penoles (2.69)
Caemi (2.55)
America Movil (21.15)
CANTV (2.84)
Southern Copper (4.89)
Cemig (4.16)
LAN (2.92)
Telecom Argentina (2.17)
Tenaris (7.77)
Wal-Mart de Mexico (17.83)
CVRD (16.65)
Falabella (4.42)
Petrobras (66.69)
Sabesp (2.42)
Organizacion Soriana (5.16)
CBD (6.46)
AmBev (7.67)
Grupo Televisa (3.43)
Light (2.33)
CPFL Energia (3.69)
Cemex (17.08)
Energias do Brasil (2.05)
Embraer (4.31)
Aracruz (1.56)
Gruma (2.75)
FEMSA (10.87)
Copel (2.26)
Empresas ICA (1.88)
Vitro (2.46)
Grupo Carso (7.97)
Sadia (3.39)
Comercial Mexicana (4.10)
Klabin (1.25)
Enersis (6.75)
Copesul (2.58)
Perdigao (2.35)
Grupo Modelo (4.97)
Grupo Elektra (3.19)
Cencosud (5.23)
Petrobras Energia (3.71)
Souza Cruz (1.69)
Grupo Ultra (2.12)
Grupo Mexico (5.78)
Endesa (2.32)
Embratel (3.42)
Telemar NL (7.57)
Grupo Bimbo (5.57)
Brasil Telecom (4.56)
DyS (3.28)
Tele Norte Leste (7.52)
Eletropaulo Met. (3.72)
Grupo Gigante (3.02)
Coca-Cola FEMSA (4.89)
Siderar (1.49)
Telesp (6.33)
Kimberly Clark de Mexico (2.11)
Empresas CMPC (2.18)
Desc (2.35)
Braskem (5.65)
Embotelladoras Arca (1.39)
Grupo Alfa (6.59)
Entel (1.51)
Gerdau (9.14)
Grupo Imsa (3.61)
Telmex (15.00)
Usiminas (5.43)
CSN (4.16)
Eletrobras (8.58)
Industrias Bachoco (1.31)
CTC (1.06)
VCP (1.35)
Copec (6.81)
CSAV (3.41)
Lojas Americanas (1.92)
Falabella (5.13)
Gol (2.30)
America Movil (24.05)
Wal-Mart de Mexico (20.12)
Organizacion Soriana (5.83)
Grupo Carso (8.99)
Empresas CMPC (2.42)
CANTV (3.14)
FEMSA (12.02)
LAN (3.23)
Embraer (4.76)
CBD (7.12)
Telecom Argentina (2.37)
DyS (3.58)
Industrias Bachoco (1.42)
Grupo Elektra (3.46)
Cencosud (5.65)
Cemex (18.43)
Comercial Mexicana (4.41)
Perdigao (2.52)
Sadia (3.61)
Grupo Alfa (6.98)
Energias do Brasil (2.17)
CVRD (17.59)
Tenaris (8.21)
Vitro (2.60)
Gruma (2.89)
AmBev (8.03)
CPFL Energia (3.84)
Coca-Cola FEMSA (5.08)
Siderar (1.55)
Copel (2.34)
Grupo Modelo (5.15)
Copec (7.04)
VCP (1.40)
Caemi (2.64)
Vivo (5.07)
Kimberly Clark de Mexico (2.18)
Endesa (2.39)
Cemig (4.28)
Industrias CH (2.12)
Enersis (6.93)
Sabesp (2.47)
Entel (1.54)
Souza Cruz (1.72)
Grupo Bimbo (5.65)
Desc (2.38)
Light (2.36)
Eletrobras (8.67)
CTC (1.07)
Telemar NL (7.60)
Braskem (5.67)
Embotelladoras Arca (1.40)
CSN (4.16)
Grupo Televisa (3.43)
Tele Norte Leste (7.51)
Brasil Telecom (4.55)
Grupo Imsa (3.59)
Eletropaulo Metropolitana (3.69)
Klabin (1.23)
Industrias Penoles (2.65)
Grupo Ultra (2.08)
Telmex (14.68)
Usiminas (5.31)
Aracruz (1.53)
Petrobras Energia (3.62)
Gerdau (8.79)
Telesp (6.09)
Petrobras (63.64)
Embratel (3.24)
Grupo Mexico (5.35)
Empresas ICA (1.74)
Copesul (2.33)
CSAV (3.07)
Southern Copper (4.21)
()=revenues in US$ billions (F)=Forecast
SOURCE: Economatica, Bear Stearns, Citigroup, Deutsche Bank,
JPMorgan, Merrill Lynch, Morgan Stanley, Santander Investment,
Raymond James
Note: Table made from bar graph.
2006F
Total revenues of the top 500: US$1.361 trillion
Number of companies earning more than $1 billion: 289
NET INCOME FORECAST
% growth
Brasil Telecom (122.3)
Grupo Gigante (71.5)
Eletropaulo Metropolitana (178.6)
CANTV (363.5)
Eletrobras (1,223.9)
Light (290.0)
Embratel (198.0)
Grupo Mexico (1,547.9)
CBD (242.4)
Enersis (284.6)
Industrias Penoles (341.2)
AmBev (1,295.8)
Gol (332.8)
Vivo (-105.2)
Embraer (463.9)
Copel (322.6)
CTC (72.3)
CVRD (6,405.6)
DyS (106.2)
Braskem (378.9)
Petrobras (13,665.6)
Organizacion Soriana (262.2)
Southern Copper (1,827.5)
VCP (305.1)
Copec (788.7)
Caemi (954.8)
FEMSA (650.2)
Petrobras Energia (331.1)
Tenaris (1,708.1)
Falabella (387.1)
Desc (35.5)
Grupo Televisa (703.8)
Grupo Bimbo (324.9)
Lojas Americanas (91.8)
Empresas ICA (57.0)
Souza Cruz (356.5)
Energies do Brasil (225.5)
Wal-Mart de Mexico (1,059.8)
Empresas CMPC (283.7)
Industries CH (174.9)
Klabin (152.8)
Cemex (2,408.0)
Cencosud (224.8)
CPFL Energia (488.6)
Kimberly Clark de Mexico (306.0)
Tele Norte Leste (530.9)
Grupo Ultra (142.4)
LAN (162.4)
Sabesp (409.3)
Telesp (1,192.6)
Cemig (936.9)
Grupo Modelo (749.9)
Gerdau (1,298.7)
Comercial Mexicana (187.5)
Copesul (263.5)
America Movil (3,208.6)
Coca-Cola FEMSA (463.6)
Grupo Imsa (191.9)
Perdigao (157.9)
Entel (139.2)
Telmex (2,659.3)
Embotelladoras Arca (182.1)
Endesa (213.4)
Aracruz (484.1)
Grupo Elektra (271.7)
Siderar (327.4)
Sadia (239.1)
Gruma (93.9)
Telemar NL (600.8)
Industries Bachoco (135.2)
CSN (672.0)
Usiminas (1,140.1)
Grupo Carso (475.9)
Grupo Alfa (319.7)
CSAV (55.5)
Telecom Argentina (129.9)
Vitro (-1.8)
Vivo (250.9)
Telecom Argentina (257.2)
CBD (373.6)
Eletropaulo Metropolitana (272.2)
Lojas Americanas (129.0)
Telemar NL (841.5)
Grupo Elektra (373.8)
Brasil Telecom (166.6)
Petrobras Energia (449.7)
Enersis (378.0)
America Movil (4,105.4)
Empresas CMPC (352.8)
Entel (172.8)
CTC (89.6)
Cencosud (278.2)
Gruma (114.3)
Industries Bachoco (164.5)
Gol (403.9)
Empresas ICA (68.7)
FEMSA (775.4)
Tele Norte Leste (631.1)
Grupo Alfa (377.4)
Grupo Carso (560.6)
Tenaris (2,008.2)
Falabella (446.9)
Embraer (535.5)
Wal-Mart de Mexico (1,220.5)
LAN (185.7)
Sabesp (465.0)
CSAV (63.0)
Comercial Mexicana (212.6)
CSN (759.3)
CPFL Energia (551.6)
DyS (119.5)
Grupo Bimbo (363.6)
Grupo Ultra (158.3)
Copec (875.4)
Coca-Cola FEMSA (513.8)
Organizacion Soriana (288.8)
Grupo Modelo (824.5)
Endesa (234.1)
Energias do Brasil (246.9)
CANTV (396.0)
CVRD (6,903.5)
AmBev (1,391.2)
Eletrobras (1,312.0)
Cemex (2,557.9)
Cemig (990.2)
Embratel (208.8)
Perdigao (166.1)
Souza Cruz (374.3)
Embotelladoras Arca (187.7)
Kimberly Clark de Mexico (313.7)
Sadia (243.3)
Aracruz (489.9)
VCP (308.5)
Klabin (153.7)
Caemi (953.1)
Industries Penoles (339.8)
Gerdau (1,292.5)
Telmex (2,603.9)
Telesp (1,155.2)
Siderar (316.6)
Grupo Televisa (676.2)
Grupo Imsa (184.1)
Petrobras (12,862.3)
Usiminas (1,045.2)
Copesul (241.5)
Copel (290.1)
Industries CH (157.1)
Desc (31.7)
Braskem (337.3)
Light (242.1)
Grupo Mexico (1,233.1)
Southern Copper (1,432.7)
()=net income in US$ millions F=Forecast
Note: Table made from bar graph.
2006F
Number of companies that sold more than US$5 billion in 2005: 54
Number of those companies in the energy industry: 20
EARNINGS PER SHARE FORECAST
% growth
Brasil Telecom (2.20)
Grupo Gigante (0.05)
Eletropaulo Metropolitana (1.43)
Embratel (0.96)#
Enersis (0.51)#
CBD (1.75)#
Vivo (-0.03)
Gol (2.19)#
CTC (0.09)
Industries Penoles (0.64)
AmBev (1.77)#
Lojas Americanas (1.70)#
Braskem (1.99)#
Endesa (1.16)
Grupo Mexico (0.60)#
Copel (1.12)
Tenaris (3.04)#
Empresas CMPC (1.63)
Eletrobras (2.26)
Grupo Televise (1.25)#
CVRD (5.46)
Cencosud (0.13)
Perdigao (4.29)
Organizacion Soriana (0.43)
Caemi (0.25)
Petrobras (11.52)#
DyS (0.98)#
VCP (7.73)#
Comercial Mexicana (0.20)
Tele Norte Leste (1.53)#
Copec (0.59)#
Grupo Ultra (1.86)#
Wal-Mart de Mexico (1.22)#
Petrobras Energia (1.59)#
Southern Copper (11.59)#
Falabella (0.16)#
Aracruz (3.99)#
LAN (2.77)#
Desc (0.08)
Klabin (0.17)
Grupo Bimbo (0.27)
Industrias CH (0.40)
Grupo Imsa (0.34)
America Movil (1.85)#
Telesp (2.45)#
Entel (0.68)
Embraer (2.91)#
Sabesp (3.56)#
Cemex (6.87)#
CPFL Energia (2.69)#
Kimberly Clark de Mexico (0.26)#
FEMSA (4.77)#
Souza Cruz (1.07)#
Grupo Modelo (0.23)
Coca-Cola FEMSA (2.43)#
Copesul (1.73)
Empresas ICA (1.73)#
Cemig (5.42)#
Sadie (3.04)#
Telmex (2.40)#
CANTV (3.96)#
Gerdau (3.01)
CSN (2.81)#
Embotelladoras Arca (0.22)
Energies do Brasil (1.09)
Siderar (1.05)
Gruma (0.81)#
Telemar NL (2.66)
Grupo Elektra (0.97)
Usiminas (5.88)#
Grupo Carso (0.25)
Industries Bachoco (2.34)#
Grupo Alfa (0.54)
CSAV (0.07)
Telecom Argentina (0.41)
Vitro (-0.45)
Vivo (0.15)#
Telecom Argentina (0.99)#
Eletropaulo Metropolitana (3.28)#
Vitro (-0.01) #
Grupo Elektra (1.47)
America Movil (2.47)#
Empresas ICA (2.28)#
Brasil Telecom (2.89)#
Gol (2.87)#
Petrobras Energia (1.99)#
Energies do Brasil (1.37)#
Industries Bachoco (2.89)#
AmBev (2.78)#
Cencosud (0.16)
Lojas Americanas (2.08)
CBD (2.14)
Telemar NL (3.23)
CTC (0.11)
Tele Norte Leste (1.85)#
Wal-Mart de Mexico (1.48)#
Endesa (1.40)#
Falabella (0.19)#
DyS (1.14)#
Grupo Alfa (0.63)
Gruma (0.93)#
Grupo Bimbo (0.31)
Copec (0.67)
FEMSA (5.42)#
CPFL Energia (2.99)#
Vapores (0.08)
Aracruz (4.44)#
Embraer (3.24)#
CowCola FEMSA (2.70)#
Sabesp (3.95)#
Tenaris (3.37)#
Grupo Ultra (2.05)#
Grupo Modelo (0.25)#
Entel (0.74)
Organizacion Soriana (0.47)
Klabin (0.19)
Desc (0.08)
Santa Cruz (1.13)
CVRD (5.72)
LAN (2.89)#
VCP (1.80)#
Cemex (7.11)#
Grupo Carso (0.26)
Kimberly Clark de Mexico (0.27)
Telmex (2.46)#
Cemig (5.50)
Braskem (2.02)#
Usiminas (5.95)#
Comercial Mexicana (0.20)
Embotelladoras Arca (0.22)
Caemi (0.25)
Empresas CMPC (1.62)
Eletrobras (2.25)
Embratel (0.95)#
Industries Penoles (0.63)
Grupo Imsa (0.33)
Copel (1.09)
Sadia (2.96)
Grupo Televise (1.21)#
Perdigao (4.13)
Petrobras (11.04)
Telesp (2.34)#
CSN (2.64)#
Siderar (0.98)
Industries CH (0.37)
CANTV (3.57)
Gerdau (2.62)
Copesul (1.45)
Light (1.81)
Southern Copper (9.43)#
Enersis (0.41)#
Grupo Mexico (0.48)
()=earnings per share in US$ F=Forecast italics=earnings per ADR
Note: Table made from bar graph.
FORECAST 100
F=FORECAST
SALES NET INCOME
2005 30.4 4.9%
2006F 9.5 23.4%
2007F 3.0% 5.3%
Note: Table made from bar graph.
BY COUNTRY
Number of companies by country
Brazil 223
Mexico 129
Chile 56
Argentina 34
Colombia 27
Peru 9
Venezuela 8
Other 14
Note: Table made from bar graph.
BY SECTOR
Percentage of total sales
Other 11%
oil, gas 29%
retail 10%
telecom 9%
electricity 7%
automotive 6%
holding 5%
steel 5%
mining 5%
beverage 4%
chemical 4%
food 3%
aviation 2%
Note: Table made from pie chart.
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