Maxico’s highest-grossing companies

Maxico’s highest-grossing companies

Mexico’s highest-grossing companies span diverse industries, reflecting the country’s vibrant economy. These corporations are not only leaders domestically but also have significant international presence. Below are some of the most prominent companies:

1. América Móvil

América Móvil, owned by Carlos Slim, is a telecommunications giant and one of the largest companies in Latin America. It provides mobile, internet, and television services across Mexico and many other countries. Its subsidiaries, including Telcel and Telmex, dominate the Mexican telecom market. In 2023, América Móvil generated over $40 billion in revenue, making it a critical player in the global telecom industry.

2. Grupo Bimbo

Grupo Bimbo is the largest bakery company globally, with a presence in over 30 countries. Known for its wide range of products, including bread, cakes, and snacks, Bimbo owns brands like Sara Lee, Entenmann’s, and Thomas’. It reported revenues exceeding $20 billion in 2023. The company’s innovation in food processing and extensive distribution network have cemented its position as a market leader.

3. Cemex

Cemex is a multinational building materials company and one of the world’s largest cement producers. It operates in over 50 countries, supplying cement, concrete, and aggregates. Cemex plays a pivotal role in infrastructure development globally, with revenues surpassing $15 billion in recent years. Its commitment to sustainability and innovation has been a cornerstone of its growth.

4. Grupo Modelo

Grupo Modelo, famous for its flagship beer brands like Corona, Modelo, and Pacifico, is a subsidiary of Anheuser-Busch InBev. As one of the largest beer exporters, Grupo Modelo contributes significantly to Mexico’s economy. Its products are distributed in over 180 countries, with annual revenues exceeding $10 billion.

5. FEMSA (Fomento Económico Mexicano)

FEMSA operates in the beverage and retail sectors and is a key player in Coca-Cola’s Latin American distribution. Additionally, it owns the OXXO convenience store chain, one of the largest in the world, with over 20,000 locations. FEMSA’s revenue was over $27 billion in 2023, showcasing its diverse business operations.

6. Grupo Carso

Grupo Carso, another conglomerate owned by Carlos Slim, has interests in retail, industrial, and infrastructure sectors. Its subsidiaries, like Sears Mexico and Condumex, contribute significantly to its revenues. Grupo Carso is a vital driver of Mexico’s industrial growth, with revenues of approximately $5 billion.

7. Alsea

Alsea is the leading operator of international restaurant chains in Mexico, including Starbucks, Domino’s Pizza, and Burger King. Its robust business model and expansion into other Latin American markets have made it a top-performing company, with revenues exceeding $3 billion.

8. Pemex (Petróleos Mexicanos)

Pemex, Mexico’s state-owned oil company, has historically been a cornerstone of the nation’s economy. Despite challenges in recent years, it remains a major contributor to government revenues and the energy sector. In 2023, Pemex reported revenues exceeding $70 billion, driven by oil exports and refining activities.

9. Industrias Peñoles

Industrias Peñoles is a leading mining company specializing in the production of silver, gold, and base metals. It is the world’s largest producer of refined silver. The company also operates Fresnillo PLC, a major gold producer, and generates revenues of approximately $6 billion annually.

10. Grupo Elektra

Grupo Elektra operates in retail and financial services. It owns Banco Azteca and is a leader in consumer electronics and appliance sales. Its innovative credit offerings make it a vital player in Mexico’s economy, with annual revenues of over $5 billion.

These companies are not only the highest-grossing in Mexico but also embody the nation’s economic dynamism. Through innovation, international expansion, and strategic leadership, they have made significant contributions to Mexico’s global economic footprint.