Grupo Carso Explained

Grupo Carso S.A.B. de C.V.
Type:	Sociedad Anónima Bursátil de Capital Variable
Location:	Plaza Carso, Mexico City, Mexico
Area Served:	Worldwide
Key People:	Carlos Slim Domit (Chairman)
Industry:	Conglomerate
Products:	Industrial, Media, Retail, Telecommunications
Divisions:	Carso Energy Carso Infraestructura y Construcción Grupo Condumex Grupo Sanborns
Subsid:	Bimex Elementia Minera Frisco Ostar Grupo Hotelero Real Oviedo
Num Employees:	72,944 (2020)
Revenue:	MXN 96.640 billion (2018)^[1]
Operating Income:	MXN 10.559 billion (2018)
Net Income:	MXN 4.331 billion (2018)
Assets:	MXN 137.889 billion (2018)
Equity:	MXN 93.178 billion (2018)
Owner:	Carlos Slim (78.7%)
Homepage:	www.gcarso.com.mx

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 wife.

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: Web site: Divisions, Products and Services . www.carso.com.mx . 15 January 2024.

Industrial and Manufacturing

As of 2023, 31% of sales, 34% of operating income.

• 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

As of 2023, 52% of sales, 41% of operating income.

• Grupo Sanborns
  • DAX cosmetics stores
  • iShopMixup electronics and music stores
  • Sanborns restaurants and stores
  • Sears Mexico

Infrastructure and construction

As of 2023, 19% of sales, 19% of operating income.Provides services to these sectors: chemical and petroleum, installation of pipelines, infrastructure, civil construction, and housing 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]

Notes and References

1. Web site: Archived copy . 2019-05-16 . 2019-05-16 . https://web.archive.org/web/20190516230145/http://www.carso.com.mx/ES/inversionistas/informacion-financiera/Reportes%2520anuales/Reporte%2520Anual%25202018.pdf . dead .
2. https://www.forbes.com/companies/grupo-carso/ Grupo Carso.
3. Web site: CIDEC . CIDEC . 15 January 2024.
4. Web site: We are CIDEC . CIDEC . 15 January 2024.