By David Savastano, Editor03.29.16
Oriente 171 #367
México City, Mexico
Phone: +52 55 5118 1000
Web: www.sanchez.com.mx
E-mail: er.sanchez@sanchez.com.mx
Sales: $111 million (inks); $141.2 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: The largest ink manufacturer in Mexico and Central America, Sanchez SA de CV is headquartered in Mexico City, with subsidiaries in El Salvador (Sanchez Centroamerica), Guatemala (Tintas Sanchez Guatemala SA), Costa Rica (Grupo Sanchez Artes Graficas) and Colombia (Grupo Sanchez Colombia). Ernesto J. Sanchez, managing director of Sanchez SA de CV, said that the Mexican economy is hampering growth in the nation.
“Although experiencing a final quarter with a little more economic activity, and finishing the year with GDP growth of 2.5%, a positive number compared with the previous year of 2.1%, we are still far from seeing the growth Mexico needs,” Sanchez said. “In addition, the decline of oil prices is bringing concerns about Mexico’s economy for the present year.”
Currency devaluation is affecting the peso, which dropped in value15% compared to the US dollar during 2015, although lower values have mixed results.
“At the end of last year and the beginning of this one, our currency suffered a severe devaluation against the US dollar, increasing our raw material cost, but giving Sanchez an advantage against imported inks,” Sanchez noted.
In spite of the economy, and currency changes, Sanchez had a successful year in 2015.
“Despite our slow economy, Sanchez was able to keep the volume of our sales in kilos, and increased the value of our sales in local currency,” Sanchez said. “We experienced good results in water-based inks and in screenprinting inks in all the markets we serve. In Central America, our subsidiary in El Salvador keeps showing good results and is exporting products to other countries in the area.”
México City, Mexico
Phone: +52 55 5118 1000
Web: www.sanchez.com.mx
E-mail: er.sanchez@sanchez.com.mx
Sales: $111 million (inks); $141.2 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: The largest ink manufacturer in Mexico and Central America, Sanchez SA de CV is headquartered in Mexico City, with subsidiaries in El Salvador (Sanchez Centroamerica), Guatemala (Tintas Sanchez Guatemala SA), Costa Rica (Grupo Sanchez Artes Graficas) and Colombia (Grupo Sanchez Colombia). Ernesto J. Sanchez, managing director of Sanchez SA de CV, said that the Mexican economy is hampering growth in the nation.
“Although experiencing a final quarter with a little more economic activity, and finishing the year with GDP growth of 2.5%, a positive number compared with the previous year of 2.1%, we are still far from seeing the growth Mexico needs,” Sanchez said. “In addition, the decline of oil prices is bringing concerns about Mexico’s economy for the present year.”
Currency devaluation is affecting the peso, which dropped in value15% compared to the US dollar during 2015, although lower values have mixed results.
“At the end of last year and the beginning of this one, our currency suffered a severe devaluation against the US dollar, increasing our raw material cost, but giving Sanchez an advantage against imported inks,” Sanchez noted.
In spite of the economy, and currency changes, Sanchez had a successful year in 2015.
“Despite our slow economy, Sanchez was able to keep the volume of our sales in kilos, and increased the value of our sales in local currency,” Sanchez said. “We experienced good results in water-based inks and in screenprinting inks in all the markets we serve. In Central America, our subsidiary in El Salvador keeps showing good results and is exporting products to other countries in the area.”