{"id":70696,"date":"2019-08-04T15:20:00","date_gmt":"2019-08-04T19:14:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-gruma-consolidates-its-position-abroad-where-it-generated-75-of-its-ebitda-and-73-of-its-sales\/"},"modified":"2019-08-04T15:21:01","modified_gmt":"2019-08-04T19:21:01","slug":"gruma-se-consolida-y-genera-en-el-extranjero-75-del-ebitda-y-73-de-sus-ventas","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/gruma-se-consolida-y-genera-en-el-extranjero-75-del-ebitda-y-73-de-sus-ventas\/","title":{"rendered":"Gruma Consolidates its Position Abroad, Where it Generated 75% of its EBITDA and 73% of its Sales"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">MEXICO CITY<\/span>, <span class=\"xn-chron\">Aug. 4, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Gruma continues to maintain its position as the global leader in wraps, tortillas, and corn flour production by offering healthy and high-quality products that satisfy the tastes and requirements of customers in different international markets. <\/p>\n<p>Over the past year, the <b>net sales<\/b> of operations <b>outside of <span class=\"xn-location\">Mexico<\/span><\/b> represented <b>73% of the Company&#8217;s consolidated figures<\/b>. <span class=\"xn-location\">The United States<\/span> accounted for 55%, followed by <span class=\"xn-location\">Europe<\/span>, with 7%; <span class=\"xn-location\">Central America<\/span>, with 6%; and <span class=\"xn-location\">Asia<\/span> and Oceania, with 5%.<\/p>\n<p>Foreign transactions provided 75% of the Company&#8217;s total <b>operating cash flow (EBITDA)<\/b>, where <span class=\"xn-location\">the United States<\/span> accounted for 64%, followed by <span class=\"xn-location\">Europe<\/span>, with 4%; <span class=\"xn-location\">Central America<\/span>, with 4%; and <span class=\"xn-location\">Asia<\/span> and Oceania, with 3%.<\/p>\n<p>In the <b><span class=\"xn-location\">United States<\/span><\/b>, the Company&#8217;s primary market, the Mexican multinational has achieved significant sales growth after launching healthier products, such as low-carb and gluten-free tortillas, the growth of Mexican food restaurants and tortilla-producing companies. Gruma expects to continue increasing its sales in this market based on the introduction of new products.<\/p>\n<p>It is worth mentioning that, during 2Q19, the net sales of the\u00a0 subsidiary in the U.S. totaled MXN 10,592 million, for a 4% increase over the figures reported in the same quarter in 2018, while the EBITDA was up 10% compared to the same period in 2018, to stand at MXN 2.022 billion.<\/p>\n<p>In <b><span class=\"xn-location\">Europe<\/span>,<\/b> the company has reported significant growth in the sale of grits for snacks by attracting new customers in <span class=\"xn-location\">Italy<\/span>, <span class=\"xn-location\">Israel<\/span>, and <span class=\"xn-location\">Turkey<\/span>.<\/p>\n<p>The tortilla segment has grown with the launch of new products, the loyalty of new customers in the retail channel in <b><span class=\"xn-location\">Germany<\/span>, <span class=\"xn-location\">Italy<\/span><\/b>, and the <b>U.K.<\/b> in addition to exports from <span class=\"xn-location\">Europe<\/span> to northern <span class=\"xn-location\">Africa<\/span>, and an increase in the consumption of wraps driven by global fast-food chains and traditional Middle Eastern dishes sold in local restaurants.<\/p>\n<p>In 2Q19, the net sales of Gruma Europe totaled MXN 1.42 billion, for a 2% growth over 2Q18, while the operating cash flow of this division stood at MXN 131 million.<\/p>\n<p>It is important to note that Gruma sales in <b><span class=\"xn-location\">Russia<\/span><\/b> have grown by more than 15% each year, thanks to the acceptance of the Company&#8217;s products, in both the restaurant and self-service channels served by the Gruma plant equipped with state-of-the-art ecological technology with capacity to produce more than 50,000 tons of wheat tortillas and corn fritters per year with raw material and grains grown in <span class=\"xn-location\">Russia<\/span>.<\/p>\n<p>The products produced in this plant are distributed throughout <span class=\"xn-location\">Russia<\/span> and exported to the countries of the Commonwealth of Independent States (CIS) for sale in retail chains and fast food and regular restaurants.<\/p>\n<p>In <span class=\"xn-location\">Asia<\/span>, and after more than ten years of hard work and dedication in <b><span class=\"xn-location\">China<\/span><\/b>, Gruma products under the global Mission brand are sold throughout the Chinese territory, countries of the <span class=\"xn-location\">Asia-Pacific<\/span> region, and in the <span class=\"xn-location\">Middle East<\/span>, where they have become popular among consumers due to their quality and taste. The Gruma plant in <span class=\"xn-location\">Shanghai<\/span> serves this market with its installed capacity to produce <b>38,000 tons<\/b> of corn tortillas, wheat tortillas, flatbreads such as wraps, and fried foods per year. <\/p>\n<p>The Gruma plant in <b><span class=\"xn-location\">Malaysia<\/span><\/b> can produce 38,000 tons of tortillas, fried, and flatbreads per year to meet the demand of local customers and consumers in <span class=\"xn-location\">Southeast Asia<\/span> and the <span class=\"xn-location\">Middle East<\/span>.<\/p>\n<p>In <b>Oceania<\/b>, the plant located in <span class=\"xn-location\">Melbourne, Australia<\/span> that produces tortillas, flatbreads, and fried foods, not only meets the needs of its customers in that country but also the needs of its customers in 30 other countries in the region. <\/p>\n<p>In this context of growing international demand for Gruma products, investments have been relevant since, in 2018 alone, the Company invested <span class=\"xn-money\">USD 209 million<\/span> (MXN 4.404 billion) and in the first half of 2019, investments totaled <span class=\"xn-money\">USD 50 million<\/span>. Most of these investments were made to increase the production capacity of the Company&#8217;s <b>plants <\/b>in<b> <span class=\"xn-location\">Asia<\/span>, <span class=\"xn-location\">Europe<\/span>, Oceania, <\/b>and the<b> <span class=\"xn-location\">United States<\/span><\/b>.<\/p>\n<p><b>Net Sales <\/b><\/p>\n<p><b>DURING 2Q19, FOREIGN TRANSACTIONS REPRESENTED 73% OF NET SALES<\/b><\/p>\n<div id=\"prni_dvprnejpg4292left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg4292left\" title=\"Net Sales\" style=\"HEIGHT: 238px; WIDTH: 400px\" border=\"0\" alt=\"Net Sales\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/956146\/GRUMA_Net_Sales_Infographic.jpg\"\/><\/div>\n<p><b>EBITDA<\/b><\/p>\n<p><b>FOREIGN TRANSACTIONS CONTRIBUTED 75% OF THE EBITDA GENERATED IN 2Q19<\/b><\/p>\n<div id=\"prni_dvprnejpg0c41left\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg0c41left\" title=\"EBITDA\" style=\"HEIGHT: 236px; WIDTH: 400px\" border=\"0\" alt=\"EBITDA\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/956147\/GRUMA_EBITDA_Infographic.jpg\"\/><\/div>\n<p>Info &#8211; <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/956146\/GRUMA_Net_Sales_Infographic.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/956146\/GRUMA_Net_Sales_Infographic.jpg<\/a>\u00a0<br \/>Info &#8211;\u00a0<a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/956147\/GRUMA_EBITDA_Infographic.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/956147\/GRUMA_EBITDA_Infographic.jpg<\/a><\/p>\n<p>SOURCE  Gruma<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">MEXICO CITY<\/span>, <span class=\"xn-chron\">Aug. 4, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Gruma continues to maintain its position as the global leader in wraps, tortillas, and corn flour production by offering healthy and high-quality products that satisfy the tastes and requirements of customers in different international markets. <\/p>\n<p>Over the past year, the <b>net sales<\/b> of operations <b>outside of <span class=\"xn-location\">Mexico<\/span><\/b> represented <b>73% of the Company&#8217;s consolidated figures<\/b>. &lt;span&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-comida-y-bebida"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/70696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=70696"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/70696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/70697"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=70696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=70696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=70696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}