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Home > Company Index > Real Estate > Residential Construction > Consorcio ARA, S.A. de C.V.

Consorcio ARA, S.A. de C.V.
 PROFILE
Su casa es Consorcio ARA's business. One of Mexico's top builders of affordable housing, the real estate and construction partnership has built more than 37,000 homes in residential developments ranging from 50 to 20,000 houses. The low-cost homes are typically one or two levels with two or three bedrooms. Consorcio ARA provides a range of services, including land location and buying, licensing and permit management, design, and general contracting. In addition to houses, the company constructs commercial buildings, industrial plants, hospitals, warehouses, and other structures. Founded in 1977 by Luis Felipe Russek and Germán Ahumada Russek, the company held its IPO in 1996.

 COMPETITION
Corporación GEO, S.A. de C.V. (GEOB)
Empresas ICA Sociedad Controladora S.A. de C.V. (ICA)
Grupo Tribasa, S.A. de C.V. (GTR)

 DEALS
Deal: C-3D Digital Partners With Enter Corp.
Date Announced: 03.02.99
Value of transaction (US $Mil): 0
Description: 3D entertainment firm and 3D technology firm to produce online 3D content and products.

 FINANCIAL OVERVIEW
1997 Sales (mil.): 149.00
1-Yr. Sales Growth: 47.5%
Employees: 3,813
Revenue per employee: $39,076.84

 KEY PEOPLE
• Germán Ahumada Russek
    CEO
• Donald Forseck Orive
    CFO

 CONTACT INFO
Bosques de Ciruelos 140, Piso 2, Bosques de las Lomas
CP11700 México, D.F., Mexico
Phone: 52-5-596-8864
Fax: 52-5-251-2980
Online: Web Site

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