| Business Summary | | Grupo
Simec,
S.A.
de
C.V.
is
a
mini-mill
non-flat
steel
producer
in
Mexico
that
manufactures
a
broad
range
of
small-
and
medium-sized
steel
products.
Simec's
products
are
used
primarily
in
the
residential,
commercial
and
industrial
construction
markets.
Simec
currently
owns
and
operates
Mexico's
largest
non-flat
structural
steel
mini-mill,
located
in
Guadalajara,
Jalisco,
through
its
direct
wholly
owned
subsidiary,
Compania
Siderurgica
de
Guadalajara
S.A.
de
C.V.
(CSG),
and
also
owns
and
operates
a
newly
built
mini-mill
in
Mexicali,
Baja,
California,
through
its
indirect
wholly
owned
subsidiary,
Compania
Siderurgica
de
California
S.A.
de
C.V.
(CSC). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Grupo
Simec,
S.A
de
C.V.
produces
non-flat
steel
and
a
broad
range
of
structural
steel
products,
primarily
for
the
construction
market.
For
the
nine
months
ended
9/30/00,
net
sales
decreased
5%
to
Ps1.62
billion.
Net
income
fell
94%
to
Ps30M.
Revenues
reflect
decreased
export
of
basic
steel
products
and
lower
prices
of
products
sold.
Earnings
also
sufferred
from
increased
direct
costs
of
goods
sold
as
a
percentage
of
total
revenue. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Luis Limon | CEO | Francisco Padilla Argotte | CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|