Are the 10 biggest companies in Latin America Economy | News

As the first economy in the region, Brazil is the country that has 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 also those from Mexico and Colombia, according to the Global 2000 ranking prepared by Forbes magazine, which covers the 2,000 largest companies in the world.

How do they determine which is the biggest?

A group of analysts meet company requirements – publicly traded – consider four factors: sales, profits, assets, and market value.

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

For the first time since 2015, China and the United States Ten large shares.

But the United States continues to dominate the number of companies included in the ranking, with 30% of the total.

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

At the Latin American level, these are the 10 largest companies: Itaú Unibanco Holding, Bradesco, Vale, Banco do Brasil, Petrobras, Ecopetrol, América Móvil, Femsa, GF Norte and Grupo México.

1. It is Unibanco Holding

• Sales: US $ 62,300 million

• Income: US $ 7,500 million

• Assets: US $ 437,600 million

• Market Value: US $ 87,000 million

After merging with Unibanco, Itaú became a banking giant.

With headquarters in Sao Paulo, the company 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 it acquired Unibanco in 2008.

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

2. Banco Bradesco

• Sales: US $ 76,500 million

• Income: US $ 4,700 million

• Assets: US $ 370,600 million

• Market Value: US $ 61,300 million

This is the second largest bank in Latin America based on market value.

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

This is the second largest bank in Latin America based on market value.

Its executive director, Octávio de Lazari, announced that they will increase the loan rate by at least 10% next year, amid hopes that the new government will promote policies that support the market.

3. OK

• Sales: US $ 34,100 million

• Income: US $ 4,600 million

• Assets: US $ 94,400 million

• Market Value: US $ 77,400 million

Vale is the largest iron ore producer in the world.

Vale's company is one of the largest mining companies in the world – operating in 30 countries – and the largest producer of iron ore.

Headquartered in Rio de Janeiro, he employs 69,300 people and his executive director is Fábio Schvartsman.

In 2015 it was criticized for being accused of being responsible for socio-environmental disasters caused by the termination of dam material waste from mines in the state of Minas Gerais.

4 Banco do Brasil

• Sales: US $ 55,000 million

• Income: US $ 3,400 million

• Assets: US $ 412,800 million

• Market value: US $ 27,800 million

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

Banco do Brasil S.A. it is a mixed financial institution, where the federal government is the majority shareholder.

Its shares are traded on the Sao Paulo Stock Exchange. The executive director is Paulo Caffarelli and the number of employees reaches 100, 622.

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

5. Petrobras

• Sales: US $ 90,000 million

• Income: US $ 642 million

• Assets: US $ 248,000 million

• Market Value: US $ 92,600 million

The state-owned Petrobras is at the center of Odebrecht's construction company bribery scandal.

One of the largest oil companies in the world, Petrobras Brasil, is a state-owned company.

Petrobras was founded in 1953 and for decades was the pride of the country, until a giant corruption plot was found for bribe payments from the construction company Odebrecht to get a public contract.

Aldemir Bendine, who led Petrobras between 2015 and 2016, was criticized for his participation in the epicenter scandal in Brazil, but spread to several countries in Latin America.

6. Ecopetrol

• Sales: US $ 19,400 million

• Income: US $ 2,800 million

• Assets: US $ 42,500 million

• Market Value: US $ 45,700 million

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

Colombian companies in the oil and gas sector, employ 8,800 people. The head office is in Bogotá and the executive director is Felipe Pardo.

The company operates in three commercial areas: exploration and production; refinement and petrochemicals; transportation and logistics services.

This is one of the major oil companies in Latin America, which was established as a public state company, related to the Ministry of Mines and Energy.

7. América Móvil

• Sales: US $ 54,600 million

• Income: US $ 624 million

• Assets: US $ 78,700 million

• Market value: US $ 57,800 million

América Móvil is known in Mexico for the Telcel telephone brand.

Mexican companies in the telecommunications sector, especially telephone and pay television. It has more than 190,000 employees and its executive director is Daniel Aboumrad.

In Mexico it is known as the Telcel brand.

In this region are 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 has also developed a business in the United States.

8. Femsa

• Sales: US $ 25,200 million

• Income: US $ 2,100 million

• Assets: US $ 31,300 million

• Market value: US $ 31,200 million

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

Fomento Económico Mexicano has 295,000 employees and its headquarters in Monterrey, Mexico. The executive director is Miguel Silva.

It is mainly engaged in the production, distribution and marketing of beverages. Sell ​​giant brands of Coca Cola, including soft drinks, water, juice, coffee, milk and other products.

The company also operates a network of OXXO stores in Mexico and other retail businesses.

Femsa also offers logistics services and vehicle maintenance. It sells refrigerators for companies that sell drinks and for the food industry.

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

9. GFNorte

• Sales: US $ 9,100 million

• Income: US $ 1,400 million

• Assets: US $ 76,200 million

• Market Value: US $ 16,100 million

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

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

It also manages individual and corporate financial resources through Casa de Bolsa Banorte Ixe and Banorte Ixe Fund Operators.

The head office is in Monterrey. It employs nearly 30,000 people.

10. Grupo México

• Sales: US $ 10,200 million

• Income: US $ 1,700 million

• Assets: US $ 26,700 million

• Market Value: US $ 22,600 million

Grupo México is a mining giant.

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

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

It has an oil drilling business, construction of power plants and services in the construction sector in general. (I)