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Are the ten largest companies in Latin America Economy | news



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As the first economy in the region, Brazil is the country with the largest number of corporate giants in Latin America, but it is not the only one.

Among the 10 largest companies in the region, there are those who come Mexico and Colombiaaccording to the Global 2000 ranking list prepared by Forbes magazine, which includes the 2,000 largest companies in the world.

How do they determine who's the biggest?

The group of analysts qualifies companies – publicly traded – taking into account four factors: sales, profit, assets and market value.

Following these criteria, Global 2000 analyzes firms from 60 countries.

For the first time since 2015, China and the United States The top ten deals.

But the US still dominates the number of corporations involved in ranking, with 30% of the total.

The first place on the list is taken by the Chinese bank ICBC, followed by China Construction Bank and American JPMorgan Chase.

At the Latin American level, these are the ten largest companies: Itau Unibanco Holding, Bradesco, Vale, Banco do Brasil, Petrobras, Ecopetrol, America Movil, Femsa, GF Norte and Grupo Mekico.

1. Itau Unibanco Holding

  • Sales: US $ 62,300 million

  • Earnings: US $ 7.500 million

  • Assets: $ 437.6 million

  • Market value: $ 87,000 million

After joining Unibanco, Itau became a banking giant.

The headquarters in Sao Paulo employs 99,300 people, and Candido Bracher is the executive director.

Banco Itau became one of the largest financial conglomerates in the southern hemisphere when Unibanco bought it in 2008.

It offers services to individuals and corporate clients. It owns Reda, one of the largest payment systems in Brazil.

2. Banco Bradesco

  • Sales: US $ 76,500 million

  • Earnings: US $ 4,700 million

  • Assets: US $ 370,600 million

  • Market value: $ 61,300 million

It is the second largest bank in Latin America at market value.

With 98,800 employees, Bredesco operates in the financial market through two segments: banking services and insurance, pension and bonus capitalization.

It is the second largest bank in Latin America at market value.

Its CEO, Octavio de Lazari, announced that he would raise the loan level by at least 10% next year, expecting the new government to promote a policy that favors the market.

3. Ok

  • Sales: $ 34,100 million

  • Earnings: $ 4,600 million

  • Assets: US $ 94,400 million

  • Market value: US $ 77,400 million

Vale is the world's largest iron ore producer.

Vale is one of the largest mining companies in the world – with operations in 30 countries – and the largest iron ore producer.

The headquarters in Rio de Janeiro, employs 69,300 people, and chief executive Fabio Schvartsman.

In 2015, he was convicted for his alleged responsibility in the socio-ecological disaster caused by the destruction of the waste material from the Minas Gerais mine.

4 Banco do Brasil

  • Sales: $ 55,000 million

  • Earnings: $ 3,400 million

  • Assets: US $ 412,800 million

  • Market value: US $ 27,800 million

Banco do Brasil S.A. It is a mixed financial institution.

Banco do Brasil S.A. it is a mixed financial institution, in which the federal government is the majority owner.

Its shares are traded on the Sao Paulo stock exchange. Its executive director is Paulo Caffarelli, and the number of employees reaches 100.622 people.

Former president of state banks Banco do Brasil and Petrobras, Aldemir Bendine, was sentenced to 11 years in prison for crimes of corruption and money laundering.

5. Petrobras

  • Sales: $ 90,000 million

  • Earnings: $ 642 million

  • Assets: $ 248,000 million

  • Market value: $ 92.600 million

State Petrobras was in the center of the scandal over the bribe of the construction company Odebrecht.

One of the world's largest oil companies, British Petrobras, is a state-owned company.

Petrobras was founded in 1953 and has become proud of the country for decades, until gigantic corruption has been discovered to pay bribes from the construction company Odebrecht for the purpose of obtaining public contracts.

Aldemir Bendine, who chaired Petrobras between 2015 and 2016, was convicted of his involvement in a scandal whose epicenter was in Brazil but which expanded into several Latin American countries.

6. Ecopetrol

  • Sales: US $ 19,400 million

  • Earnings: US $ 2,800 million

  • Assets: US $ 42,500 million

  • Market value: $ 45,700 million

Ecopatrol is one of the major oil companies in Latin America.

The Colombian company from the oil and gas sector, employs 8,800 people. It is headquartered in Bogota, and executive director Felipe Pardo.

The company operates in three commercial areas: research and production; purification and petrochemicals; transport and logistics services.

It is one of the major oil companies in Latin America, constituted as a state-owned public company, linked to the Ministry of Mining and Energy.

7. America Movil

  • Sales: $ 54,600 million

  • Earnings: US $ 624 million

  • Assets: $ 78,700 million

  • Market value: US $ 57,800 million

America Movil is known in Mexico for the brand of Telcell phones.

Mexican company in the telecommunications sector, in particular telephony and pay television. It has more than 190,000 employees, and the executive director is Daniel Aboumrad.

In Mexico, it is known for the Telcel brand.

It is present in the region in Brazil, Colombia, Argentina, Paraguay, Uruguay, Chile, Peru, Ecuador, Peru, Guatemala, El Salvador, Honduras, Nicaragua, Panama, Costa Rica, the Dominican Republic and Puerto Rico. He also developed business in the United States.

8. Femsa

  • Sales: US $ 25,200 million

  • Earnings: $ 2,100 million

  • Assets: US $ 31,300 million

  • Market value: US $ 31,200 million

One of the leading FEMSA companies in Mexico is the sale of Coca-Cola.

Fomento Economico Meccano has 295,000 employees and is headquartered in Monterrey, Mexico. Its executive director is Miguel Silva.

It mainly deals with the production, distribution and marketing of beverages. Sell ​​brands of huge Coca Cola, including soft drinks, water, juices, coffee, milk and other products.

The company also manages the OKSKSO chain of stores in Mexico and other retail businesses.

Femsa also offers logistics and vehicle maintenance services. He sells refrigerators for companies selling beverages and for the food industry.

It has operations in Mexico, Central America, Colombia, Venezuela, Brazil, Argentina, Costa Rica, Guatemala, Nicaragua, Panama and the Philippines.

9. GFNorte

  • Sales: US $ 9,100 million

  • Earnings: $ 1,400 million

  • Assets: US $ 76,200 million

  • Market value: US $ 16,100 million

Banort has a market value of around $ 16,100 million.

Grupo Financiero Banorte SAB de CV operates in the banking sector. Its services include commercial banking, life insurance and damage and management of pension funds.

It also manages the financial resources of individuals and corporations through the Casa de Bolsa Banorte Ike and the Banorte Ike Fond Operator.

It's headquarters in Monterrey. It employs nearly 30,000 people.

10. Grupo Mekico

  • Sales: US $ 10,200 million

  • Earnings: $ 1,700 million

  • Assets: $ 26,700 million

  • Market value: $ 22.600 million

Grupo Mekico is a giant of mining.

It is a mining company based in Mexico City that employs more than 30,000 people.

Grupo Mekico develops commercial activities in metallurgical mining, exploration, exploitation of metal and non-metallic minerals. It provides transport services to the railway sector and develops infrastructure projects.

It has jobs in drilling of oil, construction of power plants and services in the construction industry in general. (I)

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