Are the ten largest companies in Latin America Economy | News


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

Among the 10 largest companies in the region there are those from whom they come from Mexico and Colombia, according to the Global 2000 chart, prepared by the Forbes magazine, which includes the 2,000 largest companies in the world.

How do they determine which ones are the biggest?

The group of analysts qualifies companies that are traded on the stock market, taking into account four factors: sales, profit, assets and market value.

Global 2000 according to these criteria is analyzed by companies from 60 countries.

For the first time since 2015, China and the United States The top ten are dealt with.

But the United States continues to dominate over the number of corporations included in the ranking, with 30% of all.

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

At the Latin American level, these are the ten largest companies: Itaú Unibanco Holding, Bradesco, Vale, Banco do Brasil, Petrobras, Ecopetrol, América Móvil, Femsa, GF Norte and Grupo México.

1. Itaú Unibanco Holding

  • Sales: $ 62,300 million

  • Earnings: US $ 7500 million

  • Funds: $ 437,600 million

  • Market value: 87,000 million US dollars

After merging with Uniban, Itaú became a bank giant.

With its headquarters in Sao Paulo, it employs 99,300 people, and its executive director is Candido Bracher.

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

It offers services to individuals and businesses. It is owned by Rede, one of the largest payment systems in Brazil.

2. Banco Bradesco

  • Sales: $ 76,500 million

  • Earnings: $ 4,700 million

  • Funds: $ 370,600 million

  • Market value: $ 61,300 million

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

With 98,800 employees, Bradesco operates on 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.

The executive director, Octávio de Lazari, announced that this year will increase the level of loans by at least 10%, with the expectation that the new government will promote policies that favor the market.

3. Ok

  • Sales: $ 34,100 million

  • Earnings: $ 4,600 million

  • Funds: $ 94,400 million

  • Market value: US $ 77,400 million

Vale is the largest producer of iron ore in the world.

Vale is one of the largest mining companies in the world – operating in 30 countries – and the largest producers of iron ore.

Its headquarters in Rio de Janeiro employs 69,300 people and its executive director is Fábio Schvartsman.

In 2015, she was charged with alleged responsibility in the socio-environmental disaster caused by the breakdown of waste material from a Minas Gerais mine.

4 Banco do Brasil

  • Sales: $ 55,000 million

  • Earnings: 3,400 million US dollars

  • Funds: 412,800 million dollars

  • Market value: 27,800 million dollars

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 shareholder.

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 chairman of state-owned Banco do Brasil and Petrobras Aldemir Bendine was sentenced to 11 years in prison for corruption and money laundering crimes.

5. Petrobras

  • Sales: $ 90,000 million

  • Earnings: $ 642 million

  • Funds: $ 248,000 million

  • Market value: $ 92,600 million

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

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

Petrobras was founded in 1953 and has become a state pride for decades, until huge corruption has been discovered to pay bribes from the construction company Odebrecht to obtain public procurement.

Aldemir Bendine, who held the presidency of Petrobras between 2015 and 2016, was convicted of his involvement in the scandal, the epicenter of which was in Brazil, but spread to several Latin American countries.

6. Ecopetrol

  • Sales: 19,400 million dollars

  • Earnings: US $ 2,800 million

  • Funds: $ 42,500 million

  • Market value: $ 45,700 million

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

The Colombian company in the field of oil and gas employs 8,800 people. He is headquartered in Bogotá, and its executive director is Felipe Pardo.

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

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

7. América Móvil

  • Sales: 54,600 million dollars

  • Earnings: $ 624 million

  • Funds: 78,700 million USD

  • Market value: $ 57,800 million

América Móvil is known in Mexico for the trademark Telcel.

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

Mexico is known for its trademark Telcel.

The region is present 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: 25,200 million dollars

  • Earnings: $ 2,100 million

  • Funds: 31,300 million dollars

  • Market value: $ 31,200 million

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

Fomento Económico Mexicano has 295,000 employees and is based in Monterrey, Mexico. His executive director is Miguel Silva.

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

The company also manages the OXXO chain in Mexico and other retail businesses.

Femsa also offers logistics and vehicle maintenance services. Sell ​​coolers for companies that sell 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: $ 9,100 million

  • Earnings: $ 1,400 million

  • Funds: $ 76,200 million

  • Market value: 16.100 million dollars

The Banorte financial group has a market value of approximately $ 16,100 million.

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

It also manages the financial resources of individuals and businesses through Casa de Bolsa Banorte Ixe and the manager of the Banorte Ixe.

His seat is in Monterrey. It employs nearly 30,000 people.

10. Grupo México

  • Sales: $ 10,200 million

  • Earnings: $ 1,700 million

  • Funds: $ 26,700 million

  • Market value: $ 22,600 million

Grupo México is a giant of mining.

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

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

It has oil companies, construction of power stations and services in the construction sector in general. (I)


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