Those who made the ‘jump’ in 2021
Evraz NA Mexico
Evraz NA Mexico, dedicated to the steel and metallurgy, had a sales variation of 751%, occupying the first position of the companies with the highest growth during 2021. In 2020, the Russian company sold 1,311 million pesos and, a year later, its sales reached 11,156.9 million pesos.
The steel and metallurgy sector, which brings together companies dedicated, for example, to the production and sale of steel, was one of those that had the most growth in the last three years within the ranking of The 500, with an increase of 54.1 %, between 2019 and 2021.
Steel demand in the T-MEC region grew 6.63% in 2021, compared to the pandemic year of 2020, according to data from the World Steel Association. World demand was also high in the rest of the continents, raising world prices. This situation helped raise the income of steel companies such as Evraz NA Mexico.
McDonald’s
In second place is Arcos Dorados México (McDonald’s), with a growth of 219.7% between 2020 and 2021.
The pandemic prompted McDonald’s to reinvent its business model, transforming its restaurants and opening its digital store on Google apps. delivery focused on chicken products, called McCrispy. It plans to add more units in 2022.
Shell Mexico
The oil company with Russian and Dutch capital is the third company with the highest sales growth in ‘The 500’, registering an advance of 207.7% between 2020 and 2021. Shell is the largest marketer of lubricants in Mexico and also has the following lines of business, in addition to the gasoline dispensing stations:
- Natural gas and liquefied natural gas
- Electrical products
- Shell fleet solutions
The Chemical and Petrochemical sector has grown 32.4% between 2019 and 2021, within the companies that make up the ‘The 500’ ranking.
CFE Fibra E
As of 2018, CFE Capital manages the first energy and infrastructure investment trust specialized in the energy sector in Mexico. After the atypical year that the pandemic meant, where there were intermittence in the demand for energy due to the impact on various industries, in 2021 this instrument rebounded again, generating 5,721.3 million pesos in income from generation, transmission and distribution of energy.
This means a rebound of 174.3%, compared to the pandemic year of 2020.
MG Motor Mexico
The Chinese automaker had a dream first year, even amid the difficulties that persist for the auto industry. In 2020, it achieved sales of 2,000 million pesos in the country and, by the end of 2021, it had already reached position 15 in the sales ranking in Mexico. At the end of the previous year, MG sales reached 5,000 million pesos, an increase of 150% compared to the previous year.
Actually, MG Motor is known for its British origin, but in 2007 it was acquired by the Chinese giant SAIC Motors.
SAIC is already present in more than 60 international markets and in at least a dozen of them it already sells more than 10,000 units a year. Mexico is about to cross this barrier.
“This is an impressive market, not only because of its size but because it is the gateway to the North American region,” Mike Zhang Wei, president of SAIC Motor Mexico, said in September 2021. “We have a plan to have a presence throughout the region in the medium term and we believe that consolidating the operation in Mexico is the first step to achieve it.”