Top 10 Largest Mexican Companies

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Mexico is home to many large and successful companies across various industries, ranging from telecommunications to food and beverage. Understanding the ... read more...

  1. Top 1

    Walmex

    Walmart de México y Centroamérica, or Walmex, is the Mexican and Central American division of Walmart. Walmart de México y Centroamérica is Walmart's largest division outside the United States, with 2,804 locations across the country as of October 31, 2022, including 300 Walmart Supercenter stores and 167 Sam's Club stores. Since 1977, it has been traded on the Mexican Stock Exchange (as Cifra). Walmart de México y Centroamérica is Latin America's largest retailer.


    Under the names of Walmart Supercenter, Sam's Club, Bodega Aurrerá, Mi Bodega Aurrera, Walmart Express, and Bodega Aurrerá Express, Walmart operates 2,804 retail locations in Mexico as of October 31, 2022. With 209,000 workers, the firm was the largest employer in the private sector in Mexico as of 2012. Mexico is home to almost one-fifth of all Walmart stores worldwide. Its rivals include Calimax, H-E-B, Casa Ley, S-Mart, Soriana, La Comer, and Chedraui.

    Alsea, a Mexican restaurant chain, purchased Vips, the restaurant section of Walmex, in September 2013 for about $626 million. Liverpool purchased the Suburbia chain of department stores, which was also run by Walmex, in 2016. Walmex has a market capitalization of $69.62 billion as of April 2023. according to companiesmarketcap.com. This places Walmex as the 212nd most valuable business in the world by market cap.


    Founded: 1952

    Headquarter: Mexico City, Mexico

    Website: https://www.walmex.mx/

    Screenshot of www.walmartmexico.com
    Screenshot of www.walmartmexico.com
    Walmart de México y Centroamérica

  2. Top 2

    América Móvil

    América Móvil is a Mexican multinational telecommunications company that provides mobile and fixed-line voice and data services, internet access, and digital television services in various countries throughout the Americas and Europe.

    América Móvil
    has operations in over 20 countries, including Mexico, Brazil, Colombia, Argentina, Peru, Chile, Ecuador, Uruguay, the United States, and several countries in Central America and the Caribbean. The company operates under several brands, including Telcel, Claro, and Tracfone.

    América Móvil is the largest telecommunications company in Latin America by both market capitalization and number of subscribers. It is also one of the largest mobile network operators in the world, with over 280 million wireless subscribers as of 2021. In addition to its telecommunications services, América Móvil also offers a range of digital services, such as mobile payments and e-commerce solutions.


    Founded: 2001

    Headquarter: Plaza Carso, Mexico City

    Website: https://www.americamovil.com

    Photo on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Plaza_Carso_Mexico.jpg)
    Photo on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Plaza_Carso_Mexico.jpg)
    Photo on Flickr (https://live.staticflickr.com/5540/29397728083_0b8ae003d2_b.jpg)
    Photo on Flickr (https://live.staticflickr.com/5540/29397728083_0b8ae003d2_b.jpg)
  3. Top 3

    Grupo México

    The mining company Minera Mexico, the transportation company GMxT, the infrastructure company Fundacion Grupo Mexico, and other divisions make up the Mexican conglomerate Grupo México. Through ASARCO, its mining division ranks as the top copper producer in Mexico and the third largest in the world. With over 800 engines and 26,300 carriages operating on 11,000 km of track, it operates the largest rail fleet in Mexico. It connects 13 seaports (5 on the Pacific Ocean, and 8 on the Gulf of Mexico), five cities along Mexico's border with the United States, and five significant inland cities.


    Grupo México is a mining company founded in 1978 by Raúl Antonio Escobedo and Larrea Mota Velasco. The company purchased key Mexican copper mines in Cananea and Nacozari, as well as numerous other mining sites. By 2000, Grupo México was responsible for 87.5% of Mexico's copper production and is the world's third-largest copper producer. However, the company has been in continual conflict with Local 65, the Cananea branch of the Mexican Mine Workers' Union. In 2004, Grupo México purchased a controlling interest in the Southern Peru Copper Corporation. The SPCC equity sale is subject to a litigation between Grupo México and ASARCO pending in the U.S. District Court for the Southern District of Texas under District Court Judge Andrew Hanen. As of September 2009, Grupo México's $2.5 billion bid for ASARCO was recommended by U.S. Bankruptcy Judge Richard Schmidt to U.S. District Judge Andrew Hanen as it prepared to come out of bankruptcy.


    Grupo México has a market capitalization of $37.10 billion as of April 2023. Grupo México is now the world's 475th most valuable business by market capitalization.


    Founded: 1978

    Headquarter: Mexico City, México

    Website: https://www.gmexico.com

    Screenshot of www.gmexico.com
    Screenshot of www.gmexico.com
    Grupo México
  4. Top 4

    Fomento Económico Mexicano

    FEMSA is a global Mexican beverage and retail firm with its headquarters in Monterrey, Mexico. Its full name is Fomento Económico Mexicano, S.A.B. de C.V. It runs the biggest independent Coca-Cola bottling company in the world as well as Mexico's biggest chain of convenience stores. Additionally, it owns shares in Heineken N.V.


    FEMSA recorded revenues of US$26.9 billion in 2019, making it Mexico's seventh largest enterprise. It operates primarily in Latin America through bottling factories, convenience stores, drugstores, petrol stations, and third-party logistic services, as well as in the United States, where it is involved in the jan-san distribution industry. It is well-known in Mexico for its convenience store chain Oxxo, its past ownership of the Cuauhtémoc Moctezuma Brewery (exchanged in 2010 for a 20% interest in Heineken N.V.), and its ownership of the C.F. Monterrey football team in Mexico's First Division.


    Since 1978, FEMSA has had an ADR listing on the NYSE, and since 1998, it has had an ADR listing on the Mexican Stock Exchange. It is a component of the S&P Latin America 40, which contains well-known, blue-chip businesses from Latin America, as well as the IPC, the primary benchmark index of the Mexican Stock Exchange.


    Founded: 1890

    Headquarter: Monterrey, Nuevo León

    Website: https://femsa.com

    Screenshot of www.femsa.com
    Screenshot of www.femsa.com
    FEMSA
  5. Top 5

    Banorte

    Grupo Financiero Banorte, also known as Banorte and Ixe, is a Mexican banking and financial services holding company headquartered in Monterrey and Mexico City. With over 1,200 branches and 7,200 ATMs throughout the country, Banorte is one of the four largest commercial banks in Mexico by assets and loans. In addition to offering traditional banking services, Banorte also provides insurance, pension, leasing, and brokerage activities to its customers.

    Banorte's commercial bank, operating under the Banorte and Ixe brands, offers a wide range of financial products and services, including savings accounts, credit cards, payday loans, mortgages, commercial loans, and auto loans. As of 2014, the bank's performing loan portfolio was valued at $35 billion. Banorte also partners with over 5,200 commercial establishments, such as drug stores, convenience stores, and supermarkets, to receive deposits from customers.

    As a publicly traded company, Grupo Financiero Banorte is listed on the Mexican Stock Exchange, the Latibex, and the U.S. OTC securities market through ADRs. It is a constituent of the IPC, the main benchmark index of the Mexican Stock Exchange, and the S&P Latin America 40, a collection of blue-chip companies from Latin America. With a strong presence throughout Mexico and a diverse range of financial offerings, Banorte is a leading player in the country's banking and financial services industry.


    Founded: 1899

    Headquarter: Monterrey, Mexico

    Website: https://www.banorte.com

    Photo on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Banorte-logo.jpg)
    Photo on Wikimedia Commons (https://commons.wikimedia.org/wiki/File:Banorte-logo.jpg)
    Banorte
  6. Top 6

    Grupo Bimbo

    Grupo Bimbo, S.A.B. de C.V. (commonly known as Bimbo) is a Mexican multinational food corporation. It is one of the largest food companies in the world and the largest bakery company globally. Headquartered in Mexico City, the company operates in over 33 countries and has more than 100 brands in its portfolio. In Mexico, Grupo Bimbo is a household name, known for its popular bread, pastries, and other baked goods. The company employs over 130,000 people worldwide and has a strong presence throughout Mexico, making it one of the largest and most recognizable companies in the country. It has a 15-billion-dollar yearly sales volume and is traded on the Mexican stock exchange under the ticker BIMBO.


    Grupo Bimbo has 196 baking units, 3 million points of sale, and a global delivery network with 57 thousand routes. Bimbo, Ta Rosa, Entenmann's, Pullman, Rainbo, Nutrella, Marinela, Oroweat, Sara Lee, Thomas', Arnold, and Barcel are among the company's more than 100 brands and 13 thousand products. Among its strategic partners are Alicorp (Peru); Blue Label (Mexico); Fincomn, Galletas la Moderna, Grupo Nutresa (Colombia); and Mundo Dulce (Argentina).


    Grupo Bimbo's capitalization was $21.38 billion as of April 2023. By market cap, Grupo Bimbo is now the 815th most valuable corporation in the world.


    Founded: 1945

    Headquarter: Mexico City, Mexico

    Website: https://grupobimbo.com

    Photo on Flickr (https://live.staticflickr.com/2216/2965228082_764ebb2c35_c.jpg)
    Photo on Flickr (https://live.staticflickr.com/2216/2965228082_764ebb2c35_c.jpg)
    Grupo Bimbo
  7. Top 7

    Coca-Cola FEMSA

    Coca-Cola FEMSA, S.A.B. de C.V., abbreviated as KOF, is a Mexican multinational beverage business headquartered in Mexico City. It is a subsidiary of FEMSA, which owns 47.8% of the company's shares, with the other 25% held by fully owned subsidiaries of The Coca-Cola Company and listed publicly on the Mexican shares Exchange (since 1993) and the New York Stock Exchange (since 1998). It is the world's largest franchise Coca-Cola bottler, with operations in Latin America, while Mexico is its largest and most profitable region.


    Coca-Cola FEMSA was established as a partnership with The Coca-Cola Company in 1991, with FEMSA owning 51% of the shares. In 2003, it started expanding globally through the acquisition of Panamerican Beverages and other bottling companies in Brazil and the Philippines. Over the years, it also acquired several other bottlers in Latin America and opened new bottling plants in Brazil and Colombia. In 2018, the company continued its expansion by acquiring bottlers in Guatemala and Uruguay. It has also acquired other companies, such as Jugos del Valle, Refrigerantes Minas Gerais, and Grupo Industrias Lacteas, through joint ventures with The Coca-Cola Company.


    The market capitalization of Coca-Cola FEMSA is currently $17.11 billion. This value represents the total dollar market value of all outstanding shares of the company's stock. Market capitalization is often used as a measure of a company's size and overall worth in the financial markets.


    Founded: 1993

    Headquarter: Mexico City, Mexico

    Website: https://coca-colafemsa.com

    Photo on Flickr (https://live.staticflickr.com/1693/26112040703_33d4c48e81_b.jpg)
    Photo on Flickr (https://live.staticflickr.com/1693/26112040703_33d4c48e81_b.jpg)
    FEMSA
  8. Top 8

    Arca Continental

    Located in Mexico, Inalecsa in Ecuador, and Wise and Deep River in the United States, Arca Continental is a worldwide firm that manufactures, distributes, and markets beverages under the The Coca-Cola firm brand as well as snacks. The second-largest Coca-Cola bottler in Latin America is Arca Continental. by means of its Coca-Cola franchise. More than 123 million people are served by the corporation throughout Mexico's northern and western areas, as well as in Ecuador, Peru, northern Argentina, and the southwestern United States.


    Arca Continental was formed in 2001 by the amalgamation of three of Mexico's oldest bottlers: Argos, Arma, and Procor. This merger created Mexico's second-largest Coca-Cola bottler. The company distributed its wares in Northern Mexico during the time. Arca and Grupo Continental, a Coca-Cola bottler headquartered in Tampico, Tamaulipas, decided to join in 2011. Sales were estimated to be over 1.2 billion at the time of the merger.


    Embotelladoras Arca Continental bought businesses in Mexico, Argentina, and Ecuador to drive its expansion in the 2000s. 2017 saw the announcement by Arca Continental of the completion of a deal with The Coca-Cola Company to purchase Great Plains Coca-Cola Bottling Company. The Southwestern United States, including Texas, some of Oklahoma, New Mexico, and Arkansas, are served by this acquisition. The first brand-new bottling facility to be built in the US in more than ten years will be opening in May 2018, according to Arca Continental. Since March 2020, the new $250 million plant has been completely functioning.


    Founded: 2001

    Headquarter: Monterrey, Mexico

    Website: https://arcacontal.com

    Photo on Flickr (https://live.staticflickr.com/8649/28045740320_082be19d83_b.jpg)
    Photo on Flickr (https://live.staticflickr.com/8649/28045740320_082be19d83_b.jpg)
    Arca Continental
  9. Top 9

    Grupo Elektra

    Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA*; Latibex (XEKT) is Latin America's premier provider of financial and specialty trade services, as well as the largest provider of short-term non-bank loans in the United States. The company was started in 1950 as a manufacturer of radio transmitters and began operations as a marketer in 1957 with the opening of its first Elektra store. It currently has over 6,000 points of contact through its Elektra, Salinas y Rocha, Banco Azteca, and Purpose Financial branches, with over 5,000 in five Latin American countries: Mexico, Guatemala, and Honduras, and over a thousand in the United States.


    Utilizing its dominant position as a distributor of goods such as electronics, white goods, appliances, furniture, motorcycles, cell phones, computers, and electronic money transfer services in Mexico, Central America, and South America, Grupo Elektra seeks to expand its sales and profitability by offering cutting-edge financial products and services and thus taking advantage of business opportunities.


    In Latin America, the corporation will continue to focus on the bottom of the pyramid and the various niches that comprise it. It will also continue to expand its international presence. In the United States, it will continue to grow its product offering in order to give working families with short-term, accessible, and reliable sources of finance. It will also remain committed to providing high-quality service to its clients.


    Founded: 1950

    Headquarter: Mexico City, Mexico

    Website: https://www.grupoelektra.com.mx

    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/0/08/Torres_corporativas_Grupo_Elektra.jpg)
    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/0/08/Torres_corporativas_Grupo_Elektra.jpg)
    Grupo Elektra
  10. Mexican airport manager Grupo Aeroportuario del Pacifico, S.A.B. de C.V. ("Pacific Airports Group, LLC") is based in Guadalajara, Mexico. It runs 12 airports in the western states of Mexico and 2 in Jamaica, including those serving the popular tourist destinations of Los Cabos and Puerto Vallarta as well as two major towns in Mexico, Guadalajara and Tijuana. According to the number of passengers, it is Mexico's second-largest airport services provider. Only the operator of Mexico City International Airport handles more passengers than the airport's roughly 27 million annual travelers.


    Since 2011, there has been a disagreement between GAP and one of its key owners, Grupo México, which owns more than 20% of the company and indicated plans to buy at least 30% of the company. According to GAP bylaws, shareholders cannot own more than 10% of the company's stock. Grupo México announced in 2015 that it had reduced its interest in GAP, but not to the extent required by GAP bylaws.

    Since 2006, GAP has been listed on the Mexican Stock Exchange and the New York Stock Exchange through ADRs. It is a component of the IPC, the Mexican Stock Exchange's primary benchmark index.


    Founded: 1998

    Headquarter: Guadalajara, Mexico

    Website: https://aeropuertosgap.com.mx

    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/4/40/Logo_Fundaci%C3%B3n_GAP.jpg)
    Photo on Wikimedia Commons (https://upload.wikimedia.org/wikipedia/commons/4/40/Logo_Fundaci%C3%B3n_GAP.jpg)
    Aeroportuario SAP



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