Grupo Carso

Grupo Carso is a Mexican global conglomerate company owned by Carlos Slim. It was formed in 1990 after the merger of Corporación Industrial Carso and Grupo Inbursa. The name Carso stands for Carlos Slim and Soumaya Domit de Slim, his late wife.

Grupo Carso S.A.B. de C.V.
Company typeSociedad Anónima Bursátil de Capital Variable
BMV: GCARSO A1
IndustryConglomerate
Founded1980 (1980)
HeadquartersPlaza Carso, Mexico City, Mexico
Area served
Worldwide
Key people
Carlos Slim Domit (Chairman)
ProductsIndustrial, Media, Retail, Telecommunications
RevenueMXN 96.640 billion (2018)[1]
MXN 10.559 billion (2018)[1]
MXN 4.331 billion (2018)[1]
Total assetsMXN 137.889 billion (2018)[1]
Total equityMXN 93.178 billion (2018)[1]
OwnerCarlos Slim (78.7%)
Number of employees
72,944 (2020)
DivisionsCarso Energy
Carso Infraestructura y Construcción
Grupo Condumex
Grupo Sanborns
SubsidiariesBimex
Elementia
Minera Frisco
Ostar Grupo Hotelero
Real Oviedo
Websitewww.gcarso.com.mx

In May 2014, the conglomerate had a stock market capitalisation of over $12 billion US dollars.[2]

In 1996 Carso Global Telecom (which includes Telmex, Telcel and América Móvil) separated itself from Grupo Carso.

Divisions

Source: "Divisions, Products and Services". www.carso.com.mx. Retrieved 15 January 2024.

Industrial and Manufacturing

31% of sales, 34% of operating income as of 2023

  • Grupo Condumex
    • products: cables (electrical, telephony, electronic, coaxial, fiber optics, for mining, automotive and others), automotive electrical harnesses, precision steel tubing, power transformers, alternate energy
    • brands: Condumex, Latincasa, Vinanel, Condulac, IEM, Precitubo, Sitcom, Microm, Sinergia, Equiter, Logtec

Commercial

52% of sales, 41% of operating income as of 2023

Infrastructure and construction

19% of sales, 19% of operating income as of 2023 Provides services to these sectors: chemical and petroleum, installation of pipelines, infrastructure, civil construction, and housin projects

    • Construction of: Roads; tunnels; water treatment plants, and infrastructure works, petroleum platforms and equipment for the chemical and petroleum industries, drilling of oil wells, geothermal wells, and drilling services; shopping centers, industrial plants, office buildings, and housing, telecommunications facilities, gas pipelines and aqueducts
    • Brands: CICSA, Swecomex, Bronco Drilling, Cilsa (Constructora de Infraestructura Latinoamericana, S.A.), GSM, PC Construcciones, Urvitec

Telecommunication
  • Carso Global Telecom

Carso Energy

Participates in the energy and petroleum industries. Currently it performs gas transportation services for the Comisión Federal de Electricidad (Federal Electricity Commission). Pursues business opportunities arising from the energy reform laws in Mexico and other countries.

Main Brands are Carso Energy, Carso Oil & Gas, Carso Electric.

Research & Development
  • CIDEC (Centro de Investigación y Desarrollo CARSO), Querétaro[3]
    • Jurica unit - focuses on research and development projects. Has laboratories and pilot plants that enable manufacture of prototypes and implementation of technologies that will later be scaled and transferred to the operations of Grupo Carso.[4]
    • Technical center: in charge of developing electrical and electronic systems, requested by different automobile manufacturers, as well as embedded software development mainly for automotive applications.[4]

References
  1. http://www.carso.com.mx/ES/inversionistas/informacion-financiera/Reportes%20anuales/Reporte%20Anual%202018.pdf
  2. Grupo Carso. Forbes. Retrieved 14 November 2014.
  3. "CIDEC". CIDEC. Retrieved 15 January 2024.
  4. "We are CIDEC". CIDEC. Retrieved 15 January 2024.
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