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Home > Company Index > Metals & Mining > Steel Production > Grupo Simec, S.A. de C.V.

Grupo Simec, S.A. de C.V.
AMEX: SIM
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 PROFILE
Grupo Simec gives new life to scrap steel. The company makes non-flat, structural steel products at its mini-steel mills in Guadalajara and Mexicali, Mexico. The company sells its steel products to the auto, farm, and construction industries in Mexico, Central America, the Caribbean, and the US. In connection with efforts to restructure debt, Grupo Simec is selling subsidiary Estral, which makes light steel racks used in warehouses. Grupo Simec sold Simec Moly-Cop, maker of grinding balls for the mining industry. The firm also sold its aluminum subsidiary, Aluminio Conesa. Holding company Grupo Sidek controls Grupo Simec.

 COMPETITION
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 226.30
1-Yr. Sales Growth: (10.8)%
Employees: 1,906
Revenue per employee: $118,730.33

 KEY PEOPLE
• Luis García Limón
    CEO
• Francisco Padilla Argotte
    CFO

 CONTACT INFO
Calzada Lázaro Cárdenas, 601
44440 Guadalajara, Mexico
Phone: 52-3-669-5757
Fax: 52-3-669-5753
Online: Web Site

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