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Balance Sheet Cash Flow Statement Calzada Lázaro Cárdenas, 601, Colonia La Nogalera 44440 Guadalajara, Jalisco, Mexico Tel. +52-33-1057-5757 Fax +52-33-1057-5726 |
Type: Public
On the web:
http://www.gsimec.com.mx
Employees:
4,823
Employee growth: 8.7%
Grupo Simec gives new life to scrap steel. The company makes non-flat, structural steel products at its minimills in Guadalajara and Mexicali, Mexico as well as plants in the US. The company's billets are used to manufacture angles, channels, flat bar, I-beams, rebar, and structural angles. Subsidiary Procarsa makes electric resistance welded (ERW) steel pipes and other tubular prducts. Simec's customers include construction contractors, metal fabricators, and steel service centers. The company sells its steel products throughout Mexico and exports to the US. Canada, Central and South America, and Europe are also buyers of Simec's steel products. Industrias CH owns around 85% of the company.
Key numbers for fiscal year ending December, 2008:
Sales: $2,553.4M
One year growth: 15.7%
Net income: $137.9M
Income growth: (7.3%)
Officers:
Chairman: Rufino Vigil González
CEO: Luis García Limón
COO: Juan José Acosta Macias
Competitors:
AHMSA
Nucor
Ternium Mexico
