MEXICO'S CINPOLIS BECOMES GLOBAL ST
( )ECHINT 6 PETROBRAS DISTRIBUIDORA 7 COMISIN FEDERAL DE
ELECTRICIDAD 8 PEMEX GAS Y PETROQUMICA BASICA 9 ODERECHT S.A. 10
CODELCO 11 VOLKSWAGEN DO BRASIL 12 GRUPO VOTORANTIM 13 TELEFNICA
BRASIL 14 GRUPO ULTRA S.A. 1ENERAL MOTORS MXICO 16 MINERA ESCONDIDA
17 SHELL BRASIL 18 TELEMAR PARTICIPAES 19 FIAT AUTOMVEIS 20 NISAN
MEXICANA 21 ENAP REFINERAS 22 ENAP (EMPRESA NACIONAL DEL PETRLEO)
23 ARCELORMITTAL BRASIL 24 CARREFOUOMRCIO E INDSTRIA 25 GRUPO BAL
26 FORD MOTOR (MXICO) 27 PETROECUADOR 28 GRUPO FINANCIERO
BBVA-BANCOMER 2ASAS BAHIA 30 NESTL BRASIL 31 GRUPO CAMARGO CORRA 32
COCA-COLA BRASIL 33 BODEGA AURRER (NUEVA WAL-MAR4 VOLKSWAGEN MXICO
35 GENERAL MOTORS DO BRASIL 36 BUNGE ALIMENTOS 37 CARGILL AGRICOLA
38 FORD MOTOR (BRAZI9 ESSO BRASILEIRA DE PETRLEO 40 SAMS CLUB 41
CLARO 42 WAL-MART SUPERCENTER 43 GRUPO MODELO 44 PEMEX PETROUMICA
45 CORREIOS E TELGRAFOS 46 ALBERTO PASQUALINI-REFAP 47 CHEVRON
BRASIL 48 HEWLETT PACKARD DE MXICO 4ATERPILLAR BRASIL LTDA. 50
CONSTRUTORA NORBERTO ODEBRECHT 51 FRVEGA 52 GRUPO SALINAS 53
COMPANHIA BRASIL
ANA DE ENERGIA 54 UNILEVER BRASIL 55 EXTRA HIPERMERCADOS 56
ARCELORMITTAL AOS LONGOS 57 COMPAIA LUZ Y FUERZEL CENTRO 58
ARCELORMITTAL TUBARO 59 USIMINAS IPATINGA 60 MET-MEX PEOLES 61 OXXO
(FEMSA COMERCIO) 62 CEME
MXICO 63 GLOBO COMUNICAO E PARTICIPAES IS THE PARTY OVER FOR
PDVSA? 64 FORD ARGENTINA S.A. 65 CELULOSA ARAUCO (CELCO) 66
MOVISTAR (TELEFNICA MVILES VENEZUELA) 67 GRUPO PEPSICO 68 ANDRADE
GUTIERREZ 69 CARGILL 70 U.
OMMERCIAL 71 CST-ARCELOR BRASIL 72 HONDA AUTOMVEIS DO BRASIL 73
TELEFNICA (ARGENTINA) 74 CIA. MINERA DONS DE COLLAHUASI 75 COTO 76
BELGO SIDERURGIA CHILE'S VELASCO WOOS INVESTORS 77 PETRLEOS DEL PER
78 FURNAENTRAIS ELTRICAS 79 GENERAL ELECTRIC DO BRASIL 80
VOTORANTIM CIMENTOS 81 GRUPO FINANCIERO HSBC 82 REPSOPF PER 83
ALPEK 84 PEQUIVEN 85 MINERA ANTAMINA 86 GRUPO INDUSTRIAL LALA 87
GRUPO BERTIN 88 NESTL CHILE S.A9 NESTL DE MXICO 90 MINERA MXICO 91
SANMINA-SCI HAS THE WASHINGTON CONSENSUS FAILED? SYSTEMS DE MXICO
9NDESA BRAZIL 93 ARCOS DORADOS 94 MABE MXICO 95 GRUPO A J VIERCI 96
TELEFNICA CHILE 97 MINERAL LOS PELAMBRE8 CENCOSUD ARGENTINA 99
ELETRONORTE 100 AEROPUERTOS Y SERVICIOS AUXILIARES 101 GRUPO IUSA
(INDUSTRIAS UNAS) 102 CPFL PAULISTA 103 QUEIROZ GALVO OUT OF BRAZIL
AND INTO AFRICA 104 LOUIS DREYFUS COMMODITIES BRASIL S.A
COINBRA) 105 METLIFE MXICO 106 BUNGE ARGENTINA 107 IBERDROLA
MXICO S.A. DE C.V. 108 GE INTERNATIONAL MXICO 10RUPO FINANCIERO
SCOTIABANK INVERLAT 110 NADRO S.A. DE C.V. 111 SIEMENS LTDA. ENERGY
SECTOR DOMINATION 112 SAMUNG ELECTRNICA AMAZNIA 113 ARCELORMITTAL
INOX BRASIL 114 ALMACENES COPPEL 115 GRUPO NACIONAL PROVINCIA
GNP) 116 ANGLO AMERICAN SUR 117 BRAZIL WANTS IN ON THE BIG OIL
CLUB HOME DEPOT MXICO 118 TELEFNICA (PER) 11ROCTER & GAMBLE DE
MXICO 120 ROBERT BOSCH LTDA. 121 CHESF (COMPANHIA HIDRO ELTRICA DO
SO FRANCISCO) 12
MAKRO ATACADISTA REPSOL YPF INCHES OUT OF ARGENTINA 123 TENEDORA
NEMAK 124 ARTHUR LUNDGREN TECIDOS S.A. 12OPERSUCAR 126 FLEXTRONICS
MANUFACTURING 127 PHILIP MORRIS INTERNATIONAL 128 KRAFT FOODS
BRASIL S.A. 129 GRUPANBORNS 130 VOLVO DO BRASIL 131 GRUPO XIGNUX
132 MASTELLONE HERMANOS 133 GRUPO CONDUMEX 134 VOLKSWAGE
ARGENTINA 135 MOVISTAR 136 INTEL CHILE'S SONDA SEEKS THE SAFE
& SOUND 137 TELEFNICA (COLOMBIA) 138 QUATTOR PARICIPAES S.A.
139 NESTL ARGENTINA S.A. 140 MARTINS DISTRIBUIO 141 EXXONMOBIL DE
COLOMBIA 142 MOVISTAR ARGENINA 143 QUATTOR QUMICOS BSICOS 144
CONSORCIO AEROMXICO 145 GENERAL MOTORS-COLMOTORES 146 SODIMAC 147
ESS
ARGENTINA) 148 ALCOAALUMNIO 149 ITAIP BINACIONAL 150 PIRELLI
PNEUS 151 PHILIPS MEXICANA 152 COMUNICACIONEEXTEL DE MXICO S.A. DE
C.V. 153 GRUPO ARCOR 154 CTI 155 GRUPO MEXICANA DE AVIACIN 156
TOYOTA MOTOR SALES MXIC57 SHELL CAPSA 158 ANCAP 159 AUTORIDAD DEL
CANAL DE PANAM 160 DUPONT DO BRASIL S.A. 161 DEACERO 162 RECOPE
(REINADORA COSTARRICENSE DE PETRLEO) 163 RHODIA BRASIL 164 BASF
S.A. 165 MEGA 166 SIGMA ALIMENTOS 167 RENAULT DRASIL 168 COMPANHIA
BRASILEIRA DE ALUMNIO (CBA) 169 PSA PEUGEOT CITRON ARGENTINA 170
HOLCIM APASCO 171 GERAU AOMINAS 172 GRUPO TACA 173 SENDAS 174 WHITE
MARTINS-PRAXAIR 175 NEXTEL TELECOMUNICAES 176 CANDELAR77 MAGAZINE
LUIZA S.A. 178 CIGATAM 179 BRIDGESTONE FIRESTONE DE MXICO 180
AGROSUPER 181 CAVALLARO HERMANO82 SANTA ISABEL 183 GRUPO
EMPRESARIAL ANGELES S.A. DE C.V. 184 GRUPO COMEX 185 ARCELORMITTAL
VEGA 186 GRUPILLACERO 187 CONSTRUES E COMER. CAMARGO CORRA 188 DOW
BRASIL 189 SCHNEIDER ELECTRIC MXICO 190 CPFL PIRAININGA 191 DISCO
S.A. 192 NOVARTIS BIOCINCIAS 193 NOKIA MXICO 194 ACEITERA GENERAL
DEHEZA S.A. 195 COMPREBE
02 OBMUJ 991 ASNIUQ 891 RUOFERRAC - AIBMOLOC ED SEICIFREPUS
SEDNARG 791 ZERREITUG EDARDNA AROTURTSNOC 69ALUNORTE - ALUMINA DO
NORTE DO BRASIL S/A 201 BAYER 202 COAMO 203 LG 204 BUNGE
FERTILIZANTES 205 SEARS ROEBUC
06 SAMARCO MINERAO 207 BANDEIRANTE ENERGIA 208 TRANSPETRO 209
ALUMNIO BRASILEIRO S.A. (ALBRAS) 210 GRUPABRIL 211 AVON 212 DANONE
213 DOW QUMICA 214 GRUPO ICE 215 EMPRESA NACIONAL DE MINERIA 216
EPM ENERGIA 217 VITR
NVASES 218 WHIRLPOOL MXICO 219 GRUPO OMNILIFE 220 RENAULT
ARGENTINA 221 ELECTROLUX DO BRASIL 222 ENTEL PC23 CHEVRON PETROLEUM
CO. 224 HONDA MOTORS DE MXICO 225 OXY-OCCIDENTIAL PETROLEUM CORP.
226 MERCEDES BENARGENTINA) 227 CEMENTOS CRUZ AZUL 228 DOE RUN PER S
R L 229 LIQUIGS DISTRIBUIDORA 230 NOKIA DO BRASIL 231 GRUO ISA 232
CERVECERA CUAUHTMOC MOCTEZUMA 233 SOTREQ 234 INFRAERO 235 SOCIEDAD
CONTRACTUAL MINERA EL ABR36 GRUPO SALUDCOOP 237 CAMARGO CORRA
CIMENTO 238 SIEMENS MXICO 239 MOSAIC FERTILIZANTES LTDA. 240 BLACK
ECKER DE MXICO 241 BASF DE MXICO 242 MWM INTL. IND. DE MOTORES DA
AMERICA LATINA DO SUL 243 MINERA YANACOCH44 TIENDAS OUR ANNUAL LIST
OF LATIN AMERICA'S LARGEST COMPANIES 247 HEWLETT PACKARD BRASIL 248
SONY ELECTROICOS DE MXICO S.A. DE C.V. 249 UNILEVER DE MXICO 250
IMCOPA - IMPORTAO, EXPORTAO E INDSTRIA DE LEOS S.A. 25IO GRANDE
ENERGIA (RGE) 252 MINERA BARRICK MISQUICHILCA S.A. 253 COMPANHIA
ULTRAGAZ 254 VOTORANTIM METAIS 25AYER DE MXICO 256 PARIS S. A. 257
C V G INDUSTRIA VENEZOLANA DE ALUMINIO CA 258 COMPAA MINERA
ZALDIVAR SCM 25 BARBOSA COMERCIAL LTDA 260 SUPERAMA 261 DANONE 262
ADM ARGENTINA 263 OLMPICA S.A. 264 ALIANCA NAVEGAOOGSTICA 265
UNILEVER DE ARGENTINA 266 GRUPO COIMEX 267 GRUPO SCHINCARIOL 268
GRUPO ANDRE MAGGI 269 COMPANHRASILEIRA DE METALURGIA E MINERAO 270
SUPERMERCADOS INTERNACIONALES H-E-B 271 COSTCO DE MXICO 272 MOV
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THE STORY OF THE MAKING OF A MODERN MULTILATINA
bought the airline in Colombia?
Y O U R B U S I N E S S S O U R C E F O R L A T I N A M E R I C
A W W W . L A T I N T R A D E . C O M
100 BEST WORKPLACES IN LATIN AMERIC A 2008
The PeaceDividend
HOW COLOMBIA WENT FROM A FAILED STATE TO AN INVESTMENT BOOM
BRAVO BUSINESS AWARDSLVARO URIBE VLEZ RUBN BLADES
HENRIQUE DE CAMPOS MEIRELLES ENRIQUE CUETO PLAZA
SUBRAMANIAM RAMADORAI LUIS FERNANDO SANTOS
MARCELO ARGELLES VIVIAN PELLAS RICHARD HANSEN
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LEGACYWHAT THE
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The Best of Latin AmericaReaders Choice: Hotels, Airports,
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THE IDB AT 50:PRESIDENT LUIS ALBERTO MORENO'S REFLECTIONS ON
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Andrs Velasco - Innovative Leader of the YearEnrique Garca -
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Andrs Velasco - Innovative Leader of the YearEnrique Garca -
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12 LATIN TRADE NOVEMBER-DECEMBER 2011
EDITORS NOTE
While Brazil will continue to garner most of the foreign direct
investment going to Latin America the next few years, many
companies are increasingly looking at another market for strong
growth and relatively big numbers: Colombia, the largest Latin
American market by population outside of Brazil and Mexico.
A new J.P. Morgan survey shows Colombia as the second-most
promising country in Latin America for investments the next three
years.
Unlike Brazil, Colombia welcomes imports without protec-tionist
barriers. It also offers a far easier business environment. The
World Banks Doing Business 2012 report ranks it as the third-best
country in Latin America versus 14 for Brazil. The Latin Business
Index, from our sister publication Latin Business Chronicle, ranks
it as the sixth-best in Latin America versus 11th place for
Brazil.
As we show in this issue of Latin Trade, Colombia is seeing a
boom in mining and energy and is expected to continue growing
strongly (see page 26).
From January 1 through October 15, 2011, it managed to attract
$11.5 billion in foreign direct investment, beating the record year
of 2008, when it received $10.6 billion in invest-ments.
Obviously Colombia does have its share of challenges.
Infra-structure and education are still lagging and poverty is
still too widespread. Meanwhile, security is also still an issue,
despite prog-ress during the administrations of former President
Alvaro Uribe.
But thanks to its strong potential, investment grade and solid
economic policies of President Juan Manuel Santos, Colombia is set
to be a star for many more years.
Colombian Star
BOGO
TA: C
OURT
ESY
OF T
IFON
IMAG
ES
Bogota, Colombia
Jose Antonio Rios, chairman of Global Crossing Latin America, is
right on in pointing out that China helps Latin America more than
it hurts it.
Some have criticized our relationship with ....China, he told
the Latin Trade Symposium. Lets face it: Thank you, China!
Chinas strong demand for Chilean copper, Brazilian and Peruvian
iron ore and Argentine soy has clearly helped those economies grow
significantly. Argentina, for example, is expected to post the
strongest GDP growth this year, according to a Latin Business
Chronicle analysis of projections from the International Monetary
Fund.
Meanwhile, Shougang Hierro Peru, which mines iron ore in Peru
for China-based Shougang Group, tops the ranking of Latin Americas
100 best companies from Latin Business Chronicle (see page 49).
Latin American manufacturers complain about the growing
competition from cheaper Chinese products. But as Latin Trade
columnist John Price points out in this issue: The root of the
problem lies in Latin Americas lack of competitiveness (see page
22).
Meanwhile, the growing number of free trade agreements with
China (Chile, Costa Rica, Mexico and Peru) also mean growing
opportunities for Latin American manufacturers to sell to the
Chinese market.
So, to echo Rios: Thank you, China!
Joachim BamrudExecutive [email protected]
Thank You, China!
