Top 10 Largest Companies in Chile

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Chile is one of the most prosperous countries in Latin America, with a dynamic economy and a thriving business sector. The country is home to several large ... read more...

  1. Top 1

    Sociedad Química y Minera

    SQM, a multinational mining firm with operations in northern Chile, is active in sectors that are crucial for sustainable development, including food, technology, health, and clean energy. Within each of its five business segments, it leads the world: Iodine and derivatives, lithium and derivatives, specialty plant nutrition, and potassium and solar salts.


    SQM has moved forcefully on innovation and technical advancement as it celebrates its 52nd anniversary, in keeping with its corporate values of Excellence, Safety, Integrity, and Sustainability. It has changed its production, commercial, logistics, and management operations to the changing global market conditions, guaranteeing operational continuity while adhering to strict sustainability standards. As a result, it achieves better results and adds more value to its customers, shareholders, and the community in which it operates.


    SQM is a multinational organization with a staff dedicated to excellence. Its primary focus is the extraction of minerals that can be carefully incorporated into the production and sale of goods for sectors that are crucial to the advancement of humanity. SQM aspires to be a globally recognized firm known for its competitiveness, excellence, and innovation across all of its business lines. It is committed to the development of goods that are crucial for human growth while operating with the greatest levels of integrity. SQM's goods are made from caliche ore and brines mined from natural deposits in northern Chile's Antofagasta and Tarapacá areas.


    Founded: 1968

    Headquarters: Santiago, Chile

    Website: https://www.sqm.com

    Photo on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:SQM_E650_Quillagua_-_Barriles.jpg)
    Photo on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:SQM_E650_Quillagua_-_Barriles.jpg)
    SQM de Chile al mundo

  2. Top 2

    Enel Américas

    Argentina, Brazil, Colombia, Peru, Costa Rica, Panama, and Guatemala are all part of the conglomerate of electric energy firms known as Enel Américas. It produces, transmits, and distributes electric electricity via its affiliates.

    By the end of 2022, Enel Américas will have 16,116 MW of net installed capacity, serving more than 23.3 million users. Enel S.p.A., a multinational energy corporation and one of the most integrated operators in the energy sector globally, holds the majority of its stock. As of March 2022, Enel Américas, one of the biggest private enterprises in Latin America, has installed capacity reaching 15,965 MW and served more over 26.3 million consumers.


    Enel Américas was reconfirmed in The Sustainability Yearbook in January 2023, an annual research that evaluates the sustainability performance of publicly traded corporations based on a stringent and competitive review. The company has been included in this list since 2019, and this year was recognized for the first time in the Top 5% S&P Global ESG Score category, putting it among the most sustainable corporations in the global power industry.


    Founded: 1889

    Headquarters: Santiago, Chile

    Website: https://www.enelamericas.com

    Photo on Wikimedia Commons
    Photo on Wikimedia Commons
    enelvideo
  3. Top 3

    Banco de Chile

    Santiago serves as the home base for the Chilean bank and financial services corporation known as Banco de Chile (English: Bank of Chile). It is a commercial bank that offers customers a variety of financial services. Banco de Chile has a nationwide network of 434 branches, 1,915 ATMs, and other electronic means of distribution as of December 31, 2012.

    After signing a cooperation agreement with Standard Chartered Bank on December 9, 2004, Banco de Chile became the first Chilean financial institution to conduct business in the Asian markets. The Chilean company Quiñenco group and the US bank Citigroup have shared control of it since 2008. Citigroup expanded its stake in LQIF to 50% by exercising its two unused options in April 2010.


    Large corporations, SMEs, individual clients, consumer finance, international banking, and capital markets are the six primary commercial segments. Furthermore, subsidiaries provide securitization, securities brokerage, mutual investment and brokerage, insurance, and factoring, among other services. Outside of Chile, the bank has had a branch in New York City for over 20 years and has foreign branches in Miami, So Paulo, Buenos Aires, Mexico City, and Hong Kong.


    Founded: 1893

    Headquarters: Santiago, Chile

    Website: https://bancochile.cl

    Photo on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Matriz_Banco_de_Chile_con_Telet%C3%B3n.JPG)
    Photo on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Matriz_Banco_de_Chile_con_Telet%C3%B3n.JPG)
    bancodechile
  4. Top 4

    Banco Santander-Chile

    Banco Santander-Chile is a subsidiary of the Santander Group, a multinational financial institution based in Spain. The bank operates in Chile and is one of the largest banks in the country in terms of assets and market share. By loans and deposits, Banco Santander-Chile is the biggest bank in Chile. The bank has a network of 504 branches. Banco de Chile, Ita Corpbanca, and BCI are its main rivals.


    It offers its customers commercial and retail banking services, including loans in Chilean pesos and foreign currencies to support commercial activities, trade, foreign currency forward contracts, and credit lines, as well as retail banking services such as home financing. The bank provides financial services in addition to standard banking activities, such as financial leasing, financial advice services, mutual fund management, securities brokerage, insurance brokerage, and investment management.

    It divides its clientele into three categories: retail, middle-market, and global banking and markets. It is also committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility. Banco Santander-Chile is listed on the Santiago Stock Exchange and is part of the IPSA index, which is a benchmark index of the Chilean stock market.


    Founded: 1978

    Headquarters: Santiago, Chile

    Website: https://www.santander.cl

    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/2/2e/Bancosantander.JPG)
    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/2/2e/Bancosantander.JPG)
    SantanderChile
  5. Top 5

    Quiñenco

    Quiñenco S.A., a company with operations in Chile, invests in businesses operating in the financial and industrial sectors. With US$71 billion in assets under control, it is one of Chile's greatest commercial giants. Grupo Luksic in Chile owns Quienco, which was founded in 1957 by Andrónico Luksic.81% of Quiñenco's shares are owned by the Luksic family. According to a Forbes report, the Luksic family is the fourth wealthiest family in Latin America. In 2013, Andrónico Luksic Craig was elected chairman of the holding company Quiñenco. In 1978, he was initially named a director of Quiñenco.


    One of Quiñenco's main subsidiaries is Banco de Chile, which is one of the largest banks in Chile in terms of assets and market share. The bank offers a wide range of financial products and services to individuals and businesses, including savings accounts, checking accounts, loans, credit cards, insurance, and investment services. Another significant subsidiary of Quiñenco is CCU, which is a leading brewer and beverage company in Latin America. CCU produces and distributes beer, soft drinks, bottled water, and other alcoholic and non-alcoholic beverages in Chile, Argentina, Uruguay, and Paraguay. Quiñenco also has investments in other companies, including Enex, which operates a chain of fuel stations in Chile, and Madeco, which manufactures and distributes copper products, including wire, tubing, and strips.

    The company is listed on the Santiago Stock Exchange and is a constituent of the IPSA index, which is a benchmark index of the Chilean stock market.


    Founded: 1957

    Headquarters: Santiago, Chile

    Website: https://www.quinenco.cl

    Screenshot of quinenco.cl
    Screenshot of quinenco.cl
    Quiñenco
  6. Top 6

    Falabella

    Falabella is a Chilean multinational retail company that operates in various countries in South America, including Chile, Peru, Colombia, Argentina, and Brazil. The company was founded in 1889 and is headquartered in Santiago, Chile. Falabella is listed on the Santiago Stock Exchange and is a constituent of the IPSA index, which is a benchmark index of the Chilean stock market.

    Falabella
    operates department stores, home improvement stores, supermarkets, and financial services. Its retail operations include various brands such as Falabella, Sodimac, Tottus, and Open Plaza. Falabella's department stores offer a wide range of products, including clothing, electronics, furniture, and home appliances. Sodimac is a home improvement store that sells construction materials, tools, and household items. Tottus is a supermarket chain that offers food, beverages, and other household products. Falabella also provides financial services such as credit cards, insurance, and banking services through Banco Falabella. The bank offers personal and business banking services, such as loans, savings accounts, and investment products.

    In recent years, Falabella has expanded its e-commerce operations, allowing customers to purchase products online through its website and mobile app. The company is also committed to sustainability and has implemented various initiatives to reduce its environmental impact and promote social responsibility.


    Founded: 1889

    Headquarters: Santiago, Chile

    Website: https://www.falabella.com/

    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/0/00/Tienda_Falabella_Talca.jpg)
    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/0/00/Tienda_Falabella_Talca.jpg)
    Falabella Chile
  7. Top 7

    Cencosud

    Cencosud is one of Latin America's largest and most recognized retail corporations. They are currently engaged in Argentina, Brazil, Chile, Peru, and Colombia. Their daily efforts include a successful multi-format strategy that results in job chances for over 100,000 employers.


    Its present retail businesses span a variety of business models, including supermarkets, home improvement stores, department stores, commercial arcades, and financial services. They have become the most broadly diversified company operating in the Latin American Southern Cone markets because to this distinctive blend. The business stands out for having the greatest square meters of surface area devoted to the exhibition of goods and being wholly supported by Latin American financial sources. Aside from the aforementioned major business lines, Cencosud also engages in additional business ventures like family entertainment/amusement centers and insurance brokerage. All of the aforementioned currently enjoy a high level of awareness and reputation among consumers and include brand names with unquestionably great standards for quality, service, and customer satisfaction.


    Their primary business goal is to become the largest Latin American retail conglomerate aimed at meeting the exacting requirements of their customers - which currently exceed 100,000 - through a unique blend of the highest levels of quality service, excellence, and commitment; all of which are invariably rated as second to none.


    Founded: 1960

    Headquarters: Santiago, Chile

    Website: https://www.cencosud.com

    Screenshot of www.cencosud.com
    Screenshot of www.cencosud.com
    Screenshot of www.cencosud.com
    Screenshot of www.cencosud.com
  8. The Chilean bank Banco de Crédito e Inversiones (BCI) specializes in asset management, insurance, securities brokerage, and savings and deposits. The Latin American affiliate of Bear Stearns was BCI. The Yarur family founded and currently owns BCI. Juan Yarur Lolas established the Bank in 1937 with the goal of assisting Chile's small and medium-sized businesses. Until his passing in 1991, his son Jorge Yarur Banna presided as the second president. In the meantime, a branch was bombed in Santiago in 1970. Third generation Yarur family member Luis Enrique Yarur Rey serves as the country's president at the moment.


    BCI's main business segments include commercial banking, corporate banking, investment banking, and insurance. The bank offers a variety of financial products, such as savings accounts, checking accounts, credit cards, personal loans, mortgages, investment products, and insurance policies. BCI also provides banking services to businesses, including financing, cash management, foreign exchange, trade finance, and leasing. The bank's investment banking division provides advisory services for mergers and acquisitions, capital raising, and other corporate finance transactions.


    BCI is a member of the multinational Confederation of Popular Banks (CIBP), a Brussels-based multinational organization that links together cooperative banks from throughout the world. BCI is currently the third largest private bank in terms of loans and the fourth largest in terms of client base, trailing private banks Banco Santander Chile and Banco de Chile, as well as the state-owned Banco Estado.

    BCI has a strong presence in Chile, with over 300 branches and more than 10,000 employees. The bank has also expanded its operations in other countries, including Peru, Colombia, the United States, and China. BCI paid $882 million to Spanish lender Bankia in 2013 for Miami, Florida-based City National Bank of Florida. In South Florida and Orlando, City National has 26 locations.


    Founded: 1937

    Headquarters: Santiago, Chile

    Website: https://www.bci.cl

    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/c/c1/Talca%2C_Banco_BCi_%2815122419005%29.jpg)
    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/c/c1/Talca%2C_Banco_BCi_%2815122419005%29.jpg)
    Banco Bci
  9. Top 9

    LATAM Airlines

    LATAM Airlines Group is a Chilean airline holding company that was formed through the merger of Chilean airline LAN Airlines and Brazilian airline TAM Airlines in 2012. The company is headquartered in Santiago, Chile, and operates flights to various destinations in South America, North America, Europe, and Oceania.

    LATAM Airlines Group is one of the largest airline groups in the world and has a fleet of over 300 aircraft. The company operates passenger and cargo flights, and its main subsidiaries include LATAM Airlines, LATAM Airlines Brazil, LATAM Airlines Argentina, LATAM Airlines Colombia, and LATAM Airlines Ecuador. The company offers various classes of service, including economy, premium economy, business, and first class. Passengers can also earn and redeem frequent flyer miles through the company's loyalty program, LATAM Pass.


    In May 2020, the company filed for Chapter 11 bankruptcy protection in the United States, which allowed it to restructure its debt and operations. Despite these challenges, LATAM Airlines Group has continued to operate flights to various destinations in South America, North America, Europe, and Oceania. The company has implemented various health and safety measures to protect passengers and employees during the pandemic, including mandatory mask-wearing, enhanced cleaning procedures, and social distancing protocols. LATAM Airlines Group has also been working to improve its financial position through various initiatives, such as reducing its fleet size, cutting costs, and renegotiating contracts.


    LATAM Airlines Group is committed to sustainability and has implemented various initiatives to reduce its environmental impact, including investing in more fuel-efficient aircraft and reducing carbon emissions through operational improvements.


    Founded: 2012

    Headquarters: Santiago, Chile

    Website: https://www.latam.com

    Photo on Flickr (https://live.staticflickr.com/65535/49532831596_c834f934c3_b.jpg)
    Photo on Flickr (https://live.staticflickr.com/65535/49532831596_c834f934c3_b.jpg)
    LATAM Airlines
  10. Top 10

    Empresas CMPC

    Empresas CMPC is a Chilean company that is primarily engaged in the production of pulp and paper products. The company was founded in 1920 and is headquartered in Santiago, Chile. According to Forbes Global 2000 2018 rating, CMPC was the largest company globally. The most recent financial reports from Empresas CMPC show that the company's current revenue (TTM) is $7.82 Billion. The company generated $6.32 billion in revenue in 2021, an increase from $5.28 billion in revenue in 2020. Empresas CMPC's market valuation was $3.90 billion as of April 2023. Empresas CMPC is now the 2728th most valuable corporation in the world according to market capitalization.

    Empresas CMPC
    operates in various countries, including Chile, Argentina, Brazil, Colombia, Peru, Uruguay, Mexico, and the United States. The company's main business segments include pulp, paper, tissue, and packaging.

    The pulp segment produces and sells pulp products, which are used in the manufacture of various paper products, such as printing paper, tissue paper, and packaging materials. The paper segment produces and sells a wide range of paper products, including printing paper, writing paper, and packaging paper. The tissue segment produces and sells tissue products, such as toilet paper, facial tissues, and paper towels. The packaging segment produces and sells corrugated boxes and other packaging materials.


    Founded: 1920

    Headquarters: Santiago, Chile

    Website: https://www.cmpc.cl

    Photo by Mirko Kaminski from Pixabay
    Photo by Mirko Kaminski from Pixabay
    Somos CMPC



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