Forbes compiles a listing of top largest companies in their Global 2000 List. In the latest Global 2000 List, 15 Mexican companies made the list. Those Mexican companies had a combined market value of $226.7 billion. This article will showcase the top 10 largest company success stories in Mexico as detailed in that listing.
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10. Grupo Carso
It is a global business conglomerate engaged in the industrial, retail, infrastructure and construction sectors. The diversified nature of its interests mean the company is active in a lot of different fields including: energy, automotive, mining, department stores, civil construction and housing. The company is owned by the 7 richest man on the planet Carlos Slim who has an estimated net worth of $50 Billion. It has a market value of $10.5 Billion.
9. Arca Continental
Arca Continental bottles and distributes Coca-Cola products throughout Mexico, Central America and the United States. It’s the second largest Coca-Cola distributor in South America and the third largest in the world. It has a market value of $11.3 Billion.
8. Grupo Inbursa
The company ranking as the 8th largest in Mexico is Grupo Inbursa. This company provides banking and financial services in Mexico. They have subsidiaries which provide services in the following areas: general insurance, investment funds, car insurance, health insurance, mortgages, commercial banking and retirement funds. The market value of the company is $13.3 billion.
7. Grupo Bimbo
Bimbo is a Mexican baking company that operates in 22 different countries. It has one of the largest distribution networks in Mexico and the U.S. that has allowed it to become the world's largest baking company. It completely dominates the Mexican market, and it's estimated that the company has a stake in roughly 90% of the baking industry. It has a market value of $13.5 Billion.
Grupo Financiero Banorte was founded in 1899 and is headquartered in Monterrey, Mexico. The company provides banking and financial services to commercial and retail businesses as well as to private individuals. The operation consists of the following services: banking, long-term savings, brokerage, and other financial services like leasing, warehousing, car leasing, factoring, financing and mortgages. The market value of the company is $15.2 billion.
5. Grupo Televisa
Grupo Televisa is a multimedia company headquartered in Mexico. The company is the largest in Latin America and is also the first type of its kind in the Hispanic-speaking world. The business has reached success as a major international entertainment business. The majority of the programming airs in the US on Univision and Grupo Televisa has an exclusive contract with this broadcasting station. The market value is $15.6 billion.
4. El Puerto de Liverpool
More commonly known as Liverpool, the company is primarily engaged in the retail sector and owns the largest chain of department stores in Mexico. The company has two divisions commercial and real estate. The commercial wing is responsible for selling and promoting products in its department and duty-free stores. The real estate arm builds, operates and leases commercial space. The companies market value is $15.9.Billion.
3. Grupo Mexico
Making the third ranking in the list is Grupo Mexico, which is the largest mining company in Mexico. This company is also the largest producer of copper in the globe. Grupo Mexico has a subsidiary mining company, ASARCO, LLC, which is located in Tucson, Arizona. Additionally, the company’s rail transport division, Ferrocarril Mexicano, operates the largest rail fleet in Mexico. The company’s market value is $18.5 billion.
FEMSA, otherwise known as, Fomento Economico Mexicano, S.A.B., made the list at number two of the largest companies in Mexico. This company is currently the largest beverage business in Mexico as well as in Latin America. Additionally, as of September 2011, FEMSA has become the largest independent bottler of Coca-Cola in the world. The company has a market value of $33.6 billion.
1. America Movil
America Movil made the top of the list of largest companies in Mexico. The company ranked 142 out of 2000 globally with a market value of $51.9 billion. America Movil is a Mexican telecommunication company which is located in Mexico City.
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The top ten largest companies in Mexico have succeeded due to excellent leadership and strict adherence to a culture of innovation and expertise.
Due you think we missed any companies? Let us know in the comments...
This article was origianlly published in March 2015.