| Business Summary | | Grupo
Industrial
Maseca
SA
(GIMSA)
is
engaged
in
the
production,
distribution
and
sale
of
corn
flour
used
mainly
in
the
preparation
of
tortillas
and
other
related
products.
The
Company
is
an
83%-owned
Mexican
subsidiary
of
Gruma
Corporation.
The
Company's
corn
flour
products
are
marketed
under
the
Maseca
brand
name.
GIMSA's
corn
flour
products
include
Enriched
Maseca,
which
is
formulated
with
more
vitamins,
fat-free
soy
proteins
and
minerals,
and
Vitamin
Enriched
Maseca,
which
is
made
from
100%
choice,
healthy
and
hygienic
white
corn.
The
Company
also
sells
various
ancillary
promotional
items
to
reinforce
the
Maseca
brand
name,
such
as
computer
screen
savers,
games,
greeting
cards,
desktop
wallpaper,
T-shirts,
writing
utensils,
kitchen
utensils
and
accessories,
umbrellas,
carry
cases
and
coolers,
baseball
caps
and
school
items. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Grupo
Industrial
Maseca
is
engaged
in
the
production,
distribution,
and
sale
of
corn
flour
used
in
the
preparation
of
tortillas
and
related
products.
For
the
six
month
ended
6/30/01,
revenues
fell
8%
to
Ps2.32
billion.
Net
income
before
U.S.
GAAP
fell
7%
to
Ps169.8
million.
Revenues
reflect
lower
bulk
sales
due
to
the
availability
of
cheap
corn,
lower
sales
to
DICONSA,
and
lower
corn
prices.
Net
income
was
partially
offset
by
a
better
cost-to-selling-price
ratio. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Roberto Barrera | Chairman | Ricardo Alvarez-Tosado Penella | CEO | Javier Bautista | CFO | Joaquin Lamas | COO | Salvador Guajardo | Gen.
Counsel |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|