Oriente 171 # 367
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.
Overall, Sanchez SA de CV was able to maintain steady sales due to its regional expansion in 2014. The company recorded $126.2 million in ink sales in 2014, and overall sales of $162.9 million.
While the Mexican economy did not show economic growth during 2014, the economy did pick up during the first half of 2015, driven by the national election.
“In Mexico, we experienced fairly good economic growth for the first half of 2015, some of it because the mid-term elections were held on June 6,” said Ernesto J. Sanchez, Sanchez SA de CV’s managing director. “My concern, and some analysts agree, is that we might experience a slow economy in the second half of the year. The amount of money expended during the election is incredible, and that is all gone. Regarding elections, I must say that screenprinting has always been one of the ink systems that sees more benefit during elections, and this time was no exception.
“Overall, the Pena Nieto administration has been deceptive, with economic expansion much lower than promised, and safety and violence issues far from being solved,” he added. “Mexico experienced another disappointing year, where the economy grew only 2%, way under what was expected, becoming another difficult year for President Nieto’s administration. 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.”
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 and is growing in Colombia.
“In Central America the economies in most of the countries we serve are showing stability, allowing us to have some steady growth for the past years, with our subsidiary in El Salvador the one with the best performance,” Sanchez said.
“In Colombia, we just bought the Sanchez Colombia shares from the Preflex Group, and we are sure this will allow us to move faster in this South American market, which is so important for us,” Sanchez added. “One of the first decisions we took is the move of our operations to a new facility.”