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Grupo México S.A.B de C.V.

Company Detail

Description

Mexican conglomerate Grupo México (GMexico) has operations in the mining, transportation and infrastructure services. Its mining division comprises US-based Southern Copper Corp. (SCC), whose operations in Peru are comprised of two open pit mines (Toquepala and Cuajone) and one metallurgical complex (Ilo). The mining operations in Mexico consist of two open pit copper mines (La Caridad and Cananea), several underground silver and zinc mines and a large metallurgical complex (also at La Caridad). The company's railroad division includes the railway operator Ferrocarril Mexicano S.A. de C.V.. (Ferromex), which connects to five border points with the US, four ports in the Pacific Ocean and two in the Gulf of Mexico. It operates the country's largest railroad, with a network of 10,570km, covering approximately 71% of the geographical area of the country, and almost 80% of the industrial and commercial areas in Mexico. Lastly, its infrastructure division is comprised of three companies: México Compañía Constructora S.A. de C.V. (MCC), Perforadora Mexico S.A de C.V. (Pemsa) and Consutec. Their principal activities are engineering, procurement and construction services for large scale projects. The group was founded in 1942 and is based in Mexico City.

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