México City, Mexico
Phone: +52 55 5118 1000
Sales: $126.2 million (inks); $162.9 million overall.
Major Products: Offset, flexo, gravure and screen inks, overprint varnishes, offset plates, pressroom chemicals and offset presses.
Key Personnel: Ernesto J. Sanchez, managing director; Jose Sanchez, commercial director; Jesus Mckelligan, operations director; Alvaro Toledo, administrative director; Salvador Duran, technical manager (paste inks); Agustin Lozano, technical manager (liquid inks).
Number of Employees: 1,150
Comments: Sanchez SA de CV is the largest printing ink manufacturer in Mexico and Central America, expanding its operations with subsidiaries in El Salvador (Sanchez Centroamerica), Guatemala (Tintas Sanchez Guatemala SA), Costa Rica. In 2012, the company moved into Colombia, adding Grupo Sanchez Colombia.
While the Mexican economy did not show economic growth during 2014, Sanchez SA de CV was able to maintain steady sales due to its regional expansion. The company recorded $126.2 million in ink sales in 2014, and overall sales of $162.9 million, which was relatively similar to 2013’s results.
“Mexico experienced another disappointing year, where the economy grew only 2%, way under what was expected, becoming another difficult year for President Pena Nieto’s administration,” said Ernesto J. Sanchez, Sanchez SA de CV’s managing director. “In addition to our slow economy, our Mexican peso suffered a considerable devaluation against the U.S. dollar, increasing the cost of the materials the country imports. The most ‘vigorous’ markets were the ones related to the automotive industry, because of the high number of cars exported to the U.S.”
Sanchez noted that the heatset ink market was particularly strong for Sanchez SA de CV.
“We had very good results with our sales of heatset inks, not only in Mexico but in the rest of the territories we serve,” Sanchez added.
One key to the company’s solid results has come from the new subsidiaries. In particular, Sanchez noted that the company had excellent results in El Salvador.
“Our sales volumes stayed in the same number as the year before, experiencing some growth in Central America, where our subsidiary Sanchez El Salvador had another excellent year,” Sanchez said.