| Business Summary | | Fomento
Economico
Mexicano,
S.A.
de
C.V.
(FEMSA)
is
Mexico's
largest
producer
of
beer
and
soft
drinks,
as
well
as
a
major
producer
of
beer
and
soft
drinks
in
Argentina.
FEMSA's
principal
activities
are
grouped
under
the
following
seven
subholding
companies:
FEMSA
Cerveza,
S.A.
de
C.V.,
which
engages
in
the
production,
distribution
and
marketing
of
beer;
Coca-Cola
FEMSA,
which
engages
in
the
production,
distribution
and
marketing
of
soft
drinks;
FEMSA
Empaques,
which
engages
in
the
production
and
distribution
of
packaging
materials;
FEMSA
Comercio,
which
engages
in
the
operation
of
convenience
stores;
Desarrollo
Comercial
FEMSA,
S.A.
de
C.V.,
which
owns
50.01%
of
the
voting
capital
stock
of
Empresas
Amoxxo,
S.A.
de
C.V.,
which
operates
convenience
stores
adjacent
to
gasoline
stations;
Logística
CCM,
which
provides
logistics
management
services
to
FEMSA
Cerveza;
and
FEMSA
Logística,
which
provides
logistics
management
services
to
Coca-Cola
FEMSA,
FEMSA
Empaques,
and
third
party
clients. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Fomento
Economico
Mexicano
is
a
beverage
producer
of
beer
and
soft
drinks
in
Mexico.
The
Co.
also
operates
retail
convenience
stores
and
packaging
businesses.
For
the
fiscal
year
ended
12/31/99,
total
revenues
rose
5%
to
PS38.63
billion.
Net
income
before
acctg.
change
and
according
to
U.S.
GAAP
rose
from
PS849M
to
PS1.86
billion.
Revenues
benefitted
from
higher
sales
from
Coca-Cola
FEMSA,
FEMSA
Empaques,
and
FEMSA
Comercio.
Earnings
benefitted
from
improved
margins. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Jose Fernandez Carbajal | Chairman,
CEO | Federico Reyes Garcia | CFO | Gilberto Lozano Gonzalez | Exec.
VP, Human Reources | Luis Gonzalez Salinas | Exec.
VP, Internal Auditing | Eduardo Padilla Silva | Exec.
VP, Planning |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|