|Cemex plant, Cheshire, England (Wikimedia Commons)|
LATAM AIRLINES (Chile) – LATAM Airlines Group is airline holding company with subsidiaries throughout South America. The air carrier was formed in 2010 following the merger of Chile’s LAN and Brazil’s TAM. Annual revenues are over US$13 billion, more than triple that of the next largest airline holding consortium in Latin America, Colombia’s Avianca-TACA group.
Germán Efromovich, a Bolivian-born son of Polish Jewish immigrants who holds citizenships in Brazil, Colombia, and Poland.
TELMEX (Mexico) – Mexico’s telecommunications giant has had tight control over the Mexican telecommunications market for years, but its monopoly is coming to an end. Company chairman Carlos Slim Helu, a Mexican of Lebanese descent, and his family has frequently made the Forbes Magazine list of the world's wealthiest individuals.
GRUPO BIMBO (Mexico) – Mexico’s largest baking company also has a broad presence in global markets. The company, which owns Thomas' English Muffins and Entenmann's cakes, is evolving into a dominant player in the US bakery market with its planned acquisition of Sara Lee's North American bakery business for US$959 million.
BRIGHTSTAR (Bolivia) – Bolivia’s only multinational to make an appearance on América Economía's power rankings, this telecomm growing giant was founded by the current CEO of Sprint, Marcelo Claure, in 1997. With headquarters in South Florida, the La Paz native grew Brightstar into a multibillion dollar multinational by focusing on developing markets in Bolivia, Paraguay and the Caribbean during the late 1990s. The company then struck a deal with Motorola Latin America in 2000, which opened up markets in the rest of the region.
|Citgo Station, Tankstelle, Germany (Wikimedia Commons)|
SUDAMERICA DE VAPORES (Chile) – Compañia Sudamerica de Vapores (CSAV), founded in 1872, is the largest shipping company in Latin America and one of the oldest multinationals in the region. CSAV, which has the world’s 20th largest shipping fleet, expanded rapidly after the 1914 opening of the Panama Canal, making large gains on the coastal routes from western South American to Panama. After a century of unprecendented growth, CSAV entered into a merger agreement with German shipping giant Hapag-Lloyd, another shipping firm that earned its stripes during the global trade during World War I.
GRUMA (Mexico) – The world’s largest producer of corn and flour tortillas is headquartered in San Pedro Garza García, just outside of Monterrey. Gruma owns a variety of brand names that sell well in US, China, England, Central America, and Venezuela. The Mexican multilatina has drawn wide attention in global stock markets, as Gruma's shares gain value in accordance with the worldwide increase in tortilla consumption.
Also in LADB on March 4-6
- Right’s "Pink Party" Experiment Unlikely To Unseat FA In Montevideo
- Fired Honduran Judges Question Effect of Negative Human Rights Court Ruling on Government
- Guatemalan Government Blames Gangs for Latest Spate of Violence
- Construction of Natural Gas Pipeline in Chihuahua Encounters Resistance From Some Raramuri Communities
- Low-Key Election of Supreme Court President Overshadowed by Nominations for Open Seat
(Subscription required to read full LADB articles. Click here for subscription information)