Company Overview of Tenedora Nemak, S.A. de C.V.
Tenedora Nemak, S.A. de C.V. produces and sells aluminum components for the automotive sector worldwide. Its products include cylinder heads, engine blocks, transmission parts, and structural components. The company was founded in 1979 and is based in Garcia, Mexico. Tenedora Nemak, S.A. de C.V. is a subsidiary of Alfa, S.A.B. de C.V.
Libramiento Arco Vial Km. 3.8
Garcia, NL 66000
Founded in 1979
Key Executives for Tenedora Nemak, S.A. de C.V.
Chairman of the Board of Directors and General Manager
Administrative & Finance Manager and Director
Business Development Manager and Director
General Manager and Director
Compensation as of Fiscal Year 2014.
Tenedora Nemak, S.A. de C.V. Key Developments
Nemak Announces Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 14 14
Nemak announced unaudited financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of USD 1,202 million compared to USD 1,137 million a year ago. EBITDA of USD 193 million compared to USD 173 million a year ago.
For the six months, the company reported revenue of USD 2,406 million compared to USD 2,189 million a year ago. EBITDA of USD 381 million compared to USD 315 million a year ago.
Nemak to Build RUB 2.2 Billion Car Component Plant in Russia
Oct 25 13
Nemak announced that it will invest RUB 2.2 billion in the construction of a car component plant in Russia's Ulyanovsk Region. The capacity of the plant, which will create 300 jobs, will amount to nearly 500,000 components a year.
Nemak Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
Jul 16 13
Nemak reported earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported total revenues of $1,137 million compared to $928 million a year ago. Operating income was $111 million compared to $77 million a year ago. EBITDA was $173 million compared to $130 million a year ago. The company's capital expenditure totaled $83 million. The performance is primarily attributable to strong sales in North America, robust discipline in cost controls, better utilization of installed capacity and resources optimization, as well as operational synergies resulting from the successful integration of J.L. French, the company acquired in July, 2012.
For six months, the company reported total revenues of $2,189 million compared to $1,848 million a year ago. Operating income was $193 million compared to $144 million a year ago. EBITDA was $315 million compared to $250 million a year ago. Year to date capital expenditure was $140 million. Net debt totaled $1,247 million, down $78 million compared to second quarter of 2012.
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