The Large Public Companies Of Mexico

In the area of telecommunications in Mexico, business is especially big

. America Movil is the largest publicly traded company in the country. The company, according to a 2011 Forbes report, made $49.9 billion in sales and employs in the neighborhood of 150,000 people, while also holding a market value of $110 billion. America Movil is the largest public player while Telmex is the biggest telecommunications company in Mexico

Just a warning, there is a considerable gap between number one and number two on this list. Beverage purveyor, Femsa, is the second largest publicly traded company in Mexico with a market value of $18.6 billion and sales of $13.7 billion. Femsa is heavily involved with Coca Cola and Pepsi, referring to them as 'sub-holding companies'. Basically it means Femsa can take over the manufacture and distribution of heavily patented products, and clearly make a great deal of money doing it.

Grupo Mexico is third from the top, with a valuation in the market of $27.6 billion, but with just $8.3 billion in annual sales. This company is run by the very media shy German Larrea Mota Velasco, who himself is among the top five billionaire Mexicans. Grupo Mexico is in the business of mining, mostly of copper. Since 1942 the company has explored, mined and processed various minerals including coal. Through their operations they have also built up a business of freight railway services.

The fourth largest publicly traded company in Mexico makes a product that is well known the world over. In fact, this particular beverage has become one of the icons of Mexican vacations: Corona. That's right Grupo Modelo is the beverage manufacturer and distributor of Corona beer, along with many other brands. The company's value is currently pegged at $19.7 billion and reports annual sales of just $6.8 billion. Next time you crack open a Corona Extra, think of the 36,700 people you are helping to keep employed at Grupo Modelo.

Finally, we come to the fifth largest publicly traded company in Mexico: Grupo Financiero Banorte SAB de CV, or GFNorte for short. A player in the Mexican banking sector, it's business is financial services and they operate various holding companies as well. GFNorte has a market value of $8.96 billion, $4.38 billion in annual sales and employs just over 19,000 people. Personal banking and investment, credit financing, credit cards, and insurance, are the main interests of GFNorte. As previously stated, business is big in Mexico. Perhaps not on the same scale as the US or Canada, but considering the modern age is still quite young within the borders of Mexico, they are doing quite well.

by: Robert Nickel

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