Grupo Mexico
Grupo México is a Mexican diversified conglomerate operating the world's 4th largest copper mining business (via 88.9%-owned Southern Copper), one of eight Class I railroads in North America (11,137 km of track), and infrastructure construction, drilling, energy, and highway concessions across seven countries.
- Company typePublic
- Founded1936
- HeadquartersMexico City, Mexico
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Grupo Mexico does
Grupo México S.A.B. de C.V. is a Mexican diversified conglomerate headquartered in Mexico City and publicly listed on the Bolsa Mexicana de Valores under ticker GMEXICOB (and OTC as GMBXF), controlled by the Larrea family through Executive President Germán Larrea Mota-Velasco. The company operates across three primary divisions — Mining, Transportation, and Infrastructure — with a Foundation division operating community programs. Through its 88.9%-owned Southern Copper Corporation (NYSE: SCCO), Grupo México is the world's 4th largest copper producer and holds the largest copper reserves globally, operating 14 underground and open-pit mines and 52 smelters, refineries, and plants across Mexico, Peru, the USA, Argentina, Chile, Ecuador, and Spain.
The Mining division produces copper cathode (via the world's largest SX/EW solution processing systems at Buenavista del Cobre Plant III), silver, molybdenum, zinc, gold, selenium, and sulfuric acid. The Transportation division operates one of eight Class I railroads in North America, with 11,137 km of track across 24 Mexican states plus Florida and Texas, connecting 5 Pacific, 4 Gulf of Mexico, and 4 Atlantic ports with 8 interchange points to U.S. and Canadian networks. The Infrastructure division encompasses Perforadora México (drilling), México Compañía Constructora (construction with 80+ years of experience), Grupo México Energía (500 MW combined cycle plus 242 MW wind capacity), Grupo México Autopistas, and Grupo México Combustibles. Together these divisions generated US$16.169 billion in 2024 revenue, US$8.377 billion in 2024 EBITDA, and US$3.875 billion in 2024 net profit, with H1 2026 revenue up 33.8% YoY to US$11.283 billion and Q2 2026 EBITDA up 49.6% YoY.
Grupo México's business model is a vertically integrated B2B enterprise operating across commodity production (copper priced on global markets), negotiated rail freight contracts with industrial shippers (automotive, agricultural, cement, energy, metals, chemicals), and competitive bidding for government infrastructure contracts. Mining economics are anchored by industry-leading low cash costs of US$0.40/lb in Q2 2026 (down 56.7%), enabling outsized margin expansion during copper price rallies. The company is pursuing a US$10.2 billion investment portfolio including Tía María (US$1.8B, Peru, 42% complete), El Arco, and El Pilar projects, while creating Mexico's largest private electricity platform through a US$5.5 billion 70/30 joint venture with BlackRock's Global Infrastructure Partners-backed Saavi Energía, adding 4,510 MW of installed capacity and a 5,000 MW development pipeline for vertical integration into mining energy supply.
Grupo Mexico firmographics
Firmographics- Name
- Grupo Mexico
- Legal name
- Grupo México S.A.B. de C.V.
- Website
- https://gmexico.com
- Company type
- Public
- Founded year
- 1936
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Grupo México is a Mexican diversified conglomerate operating the world's 4th largest copper mining business (via 88.9%-owned Southern Copper), one of eight Class I railroads in North America (11,137 km of track), and infrastructure construction, drilling, energy, and highway concessions across seven countries.
- Ownership category
- akta.pro rank
Grupo Mexico industry classification
Industry- Product category
- Diversified Mining and Transportation Conglomerate
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (212290), Coal and Other Mineral and Ore Merchant Wholesalers (42352)
- SIC
- Metal Mining (1000), Railroads, Line-Haul Operating (4011)
- akta.pro primary industry
- Copper Anode/Cathode Production & Handling (IMAKADAG)
- akta.pro secondary industries
- Copper Logistics, Storage & Port Operations (IMAKADAJ), Concentrates & Intermediate Feedstocks Marketing (Concentrates, Cathodes, Anodes, Alumina) (IMAKAJAJ), Industrial Minerals & Chemicals (Non-Haz Bulk Powders) Transport (TLADAKAJ), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where Grupo Mexico is headquartered
LocationHeadquarters
- HQ city
- Mexico City
- HQ country
- Mexico
- HQ region
- Latin America
Offices8 records
Markets served
Grupo Mexico business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
Revenue model
- Mining Division: Revenue from copper, silver, molybdenum, zinc, gold, selenium, and sulfuric acid production through Southern Copper Corporation (88.9% owned), ASARCO, Americas Mining Corporation, and Minera Los Frailes in Spain. The division generated US$10.861 billion in sales (2024) and US$5.717 billion in Q2 2026, with copper as the primary revenue driver. Cash costs per pound of copper have been reduced to US$0.40, among the lowest in the industry.
- Transportation Division: Freight rail and intermodal services across Mexico, the United States (Florida and Texas), generating revenues from shipping agricultural, automotive, cement, energy, metals/minerals, industrial products, and chemical/fertilizer cargoes. Operates through Ferromex, Ferrosur, Florida East Coast, Texas Pacific, and Intermodal México subsidiaries.
- Infrastructure Division: Revenue from drilling services, construction projects, energy generation (wind farms and combined cycle plant), highway concessions, fuels, and engineering services through subsidiaries including Perforadora México, México Compañía Constructora, Grupo México Energía, Grupo México Autopistas, and Grupo México Combustibles. Generated US$710 million in sales (2023).
- Foundation / Social Programs: Dr. Vagón health train provides medical services to remote communities; Conciencia Cinemex raises funds for institutions. These are social/CSR programs rather than profit-generating.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Grupo Mexico product offering
Product offeringCore offering
Grupo México is a diversified mining, transportation, and infrastructure conglomerate that primarily produces copper (cathode, concentrate, wire rod) and by-product metals (silver, molybdenum, zinc, gold, selenium, sulfuric acid) through Southern Copper Corporation, ASARCO, and related subsidiaries operating 14 mines and 52 processing plants. It also operates one of the largest freight rail networks in North America (11,137 km across Mexico, Florida, and Texas) providing cargo and intermodal services, and an infrastructure division delivering drilling, construction, energy generation, highway concessions, and engineering services.
Product overview
Grupo Mexico is a diversified Mexican conglomerate organized into three primary divisions: Mining, Transportation, and Infrastructure. The Mining division, led by Southern Copper Corporation (88.9%-owned), is the world's 4th largest copper producer and controls the largest copper reserves globally, operating 14 mines across Mexico, Peru, the U.S., Argentina, Chile, Ecuador, and Spain. The Transportation division operates through Grupo Mexico Transportes, one of eight Class I railroads in North America, covering 11,137 km of track under brands Ferromex, Ferrosur, Florida East Coast, and Texas Pacific. The Infrastructure division encompasses drilling (Perforadora México), construction (México Compañía Constructora), energy (Grupo México Energía with 500MW combined cycle and 242MW wind capacity), highways (Grupo México Autopistas), and fuels operations. The company's Foundation division operates Dr. Vagón health train and community development programs.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Q2 2026 net profit increased 79-90.9% year-over-year to US$2.20 billion, driven by 30.5% rise in copper prices to US$6.16/lb
- +4 more outcomes
Companies that use Grupo Mexico
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Grupo Mexico technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Grupo Mexico partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Saavi Energía (Global Infrastructure Partners)coreGrupo México merged its electricity generation assets with Saavi Energía (backed by BlackRock's Global Infrastructure Partners), creating Mexico's largest private electricity generation platform with 14 plants totaling 4,510 MW of installed capacity plus a 5,000 MW development pipeline. The combined entity is 70% owned by Grupo México and 30% by GIP. The deal, valued at approximately US$5.5 billion, is expected to close in Q3 2026, subject to regulatory approvals including European Commission clearance. It will serve as a vertical integration tool for Grupo México's mining division, securing low-cost self-supply electricity.
- Mexico Infrastructure Partners (MIP Real Assets)minorMexico Infrastructure Partners acquired a highway from Grupo México as part of its US$12 billion infrastructure investment program in Mexico.
- MetsocoreMetso, a Finnish mining equipment company, secured a contract worth over €20 million to supply high-capacity Nordberg® MP800 cone crushers to Grupo México's La Caridad copper concentrator plant in Nacozari, Sonora, Mexico. The MP800 crushers offer 15% greater capacity and force compared to earlier models, with enhanced automation, improved chamber design, and safer maintenance features designed to reduce operating costs and improve reliability. This delivery strengthens the long-standing strategic partnership between Metso and Grupo México.
- Mexico Infrastructure Partners (MIP Real Assets)minorMIP Real Assets committed over US$1 billion to acquire a highway from Grupo México and purchase stakes in wind farms from Acciona Energia, as part of MIP's plan to invest US$12 billion in Mexican renewable energy and highway projects over five years.
- Florida East Coast Railway (Norfolk Southern)coreFlorida East Coast Railway (a Grupo México subsidiary) entered into a strategic alliance with Norfolk Southern to expand intermodal services, providing direct rail access from the Florida Peninsula to Chicago, Cincinnati, Harrisburg, Kansas City, Memphis, St. Louis, and Southern California. This alliance enhances the competitiveness of Grupo México's North American rail network.
Scale indicators16 records
Recent moves7 records
Expansion highlights5 records
Grupo Mexico competitors and assessment
Company assessmentDirect peers
- Freeport-McMoRan: World's largest publicly traded copper producer, operating large-scale copper mines in the Americas (including ASARCO-like operations) with smelting and refining capacity. Closely comparable to Grupo México on copper mining scale, geographic mix in the Americas, and integrated mine-to-metal operations.
- Codelco: Chilean state-owned copper mining company and the world's largest copper producer. Operates multiple large mines (Chuquicamata, El Teniente) directly competing with Southern Copper on cathode output, by-products, and global offtake markets in the same product categories.
- Antofagasta PLC: Chile-based copper miner operating Los Pelambres, Centinela, and Antucoya, producing copper concentrate, cathodes, and by-products (molybdenum, gold). Direct comparable on copper mining in South America with integrated concentrate-to-cathode operations similar to Southern Copper.
- First Quantum Minerals: Mid-cap copper-focused miner producing copper concentrate and cathode at Cobre Panamá (suspended), Sentinel, and Kansanshi. Comparable to Grupo México on copper mining specialization and cathode/concentrate output, though with smaller scale and higher jurisdictional exposure.
- KGHM Polska Miedź: Polish copper and silver producer operating integrated mining, smelting, and refining in Europe, producing copper cathode and silver as primary outputs. Comparable to Grupo México on integrated mine-to-cathode copper operations with significant silver by-product credits.
Broad incumbents
- BHP Group: Global diversified miner with a major copper business (Escondida in Chile, Pampa Norte) that directly competes with Grupo México's Southern Copper operations in copper concentrates, cathodes, and by-products. Comparable on copper segment economics but operates across iron ore, coal, and potash as well.
- Rio Tinto: Diversified global miner with significant copper operations (Kennecott, Oyu Tolgoi) producing refined copper, gold, and molybdenum as by-products. Comparable to Grupo México on copper mining scale and by-product credits, though broader portfolio includes iron ore, aluminum, and minerals.
- Glencore: Major diversified miner and commodity trader with substantial copper mining (Antapaccay, Las Bambas) plus copper concentrate and cathode marketing activities. Comparable to Grupo México across copper mining and metal trading/distribution, though Glencore adds coal, zinc, and oil trading.
- Anglo American: Diversified miner with major copper assets (Los Bronces, Collahuasi joint venture) producing copper concentrate and cathode. Comparable to Grupo México's mining division on copper fundamentals and Latin American footprint, with broader exposure to diamonds, platinum, and iron ore.
- Union Pacific Corporation: Largest US Class I railroad, operating extensive freight rail network comparable to Grupo México Transportes' Ferromex/Florida East Coast operations. Directly comparable on intermodal, automotive, agricultural, and industrial freight rail business model across North America.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Grupo Mexico social profiles
Digital presenceGrupo Mexico compliance and trust
Trust signalCompliance4 records
Grupo Mexico financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grupo Mexico leadership team
Management profileNumber of profiles
Profiles10 records
Grupo Mexico subsidiaries and ownership
Company hierarchySubsidiaries16 records
Grupo Mexico funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grupo Mexico M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Grupo Mexico
What does Grupo Mexico do?
Grupo México is a diversified mining, transportation, and infrastructure conglomerate that primarily produces copper (cathode, concentrate, wire rod) and by-product metals (silver, molybdenum, zinc, gold, selenium, sulfuric acid) through Southern Copper Corporation, ASARCO, and related subsidiaries operating 14 mines and 52 processing plants. It also operates one of the largest freight rail networks in North America (11,137 km across Mexico, Florida, and Texas) providing cargo and intermodal services, and an infrastructure division delivering drilling, construction, energy generation, highway concessions, and engineering services.
Is Grupo Mexico a public or private company?
Grupo Mexico is a public company. It is classified as public and is currently operating.
When was Grupo Mexico founded?
Grupo Mexico was founded in 1936. It employs 5,001 to 10,000 people.
Where is Grupo Mexico based?
Grupo Mexico is headquartered in Mexico City, Mexico, in the Latin America region.
How does Grupo Mexico make money?
Four revenue lines are on record. Mining Division is the primary driver. The others are transportation Division, infrastructure Division and foundation / Social Programs.
Who are Grupo Mexico's main competitors?
Direct peers on record are Freeport-McMoRan, Codelco, Antofagasta PLC, First Quantum Minerals and KGHM Polska Miedź. Broad incumbents are BHP Group, Rio Tinto, Glencore, Anglo American and Union Pacific Corporation.
Does Grupo Mexico have an API?
No public API is recorded for Grupo Mexico.
What industry is Grupo Mexico in?
Grupo Mexico's product category is Diversified Mining and Transportation Conglomerate. Its primary akta.pro industry code is IMAKADAG, Copper Anode/Cathode Production & Handling, with a secondary code of IMAKADAJ, Copper Logistics, Storage & Port Operations. Its NAICS code is 212230 and its SIC code is 1000.