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    Home > Chemicals Industry > New Chemical Materials > Mexican aluminum manufacturers want to further expand their market share

    Mexican aluminum manufacturers want to further expand their market share

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    THE MEXICAN VASCONIA GROUP WANTS TO BE THE KING OF MEXICAN ALUMINUM, BUT FACES A VERY STRONG RIVAL - IMPORTERS
    .
    The group has been a leading player in the cookware production industry for nearly 100 years, with a number of cookware brands, and is currently entering the auto parts industry
    .
    83% of the company's products are sold in the domestic market, and exports account for 17%.

    Aluminum product processing accounts for 15% of the national total, and it is hoped that it will increase by 5%-10%
    in the next 5 years.

    Aluminum products

    In 2013, the group's pre-tax income increased by 47.
    31%, in 2014 it was 62.
    3% and in 2015 it was 10.
    5
    %.
    Since 2009, the Group's revenue has continued to grow, reaching 2,224 million pesos in 2012 and 2,824 million pesos
    in 2015.

    According to relevant statistics from the Mexican Ministry of Economy, Mexico imported 3.
    658 million tons of aluminum in 2015, the highest level in nearly 11 years, an increase of 52.
    8%
    over 2014.
    Mexico is the third largest importer of aluminum in the Americas and the 21st in the world, with the United States being the most important supplier, as well as imports
    from China.

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