Grupo Carso is a Mexican diversified industrial conglomerate comprising four business lines: industrial, infrastructure, retail and energy, with activities in Mexico, Spain, and Central and South America. Its industrial and manufacturing area operates through Grupo Condumex, a holding company that provides products for the telecom, mining, energy, power, automotive, and construction sectors. It includes brands such as Condumex, LatinCasa, Sitcom, Sinergia, Equiter, Logtec, and Precitubo. In the infrastructure and construction sector, the company provides services to the oil and chemical industries, builds pipelines, industrial facilities, and platforms, and develops civil construction and housing projects. One of its main local units is Carso Infraestructura y Construcción (CICSA). Its subsidiary and retail holding company Grupo Sanborns manages department stores, restaurants, boutiques and electronics stores, representing brands such as Sears, Sanborns, iShop, MixUP and Saks Fifth Avenue in Mexico, El Salvador and Panamá. Grupo Carso reorganized its power assets into Carso Energy, which has two units: Carso Oil & Gas and Carso Electric. These divisions operates and builds oil pipelines, leases jack-ups drilling platforms, and develops power generation projects. Established in 1980, Grupo Carso is controlled by Mexican billionaire Carlos Slim.