Formac

What Formac does

Formac S.A. is a Chilean value-added steel products manufacturer founded in 1984 and headquartered in Santiago (Quilicura), with 51–100 employees. The company processes and fabricates galvanized steel into profiles, tubes, and flat products for the construction, steel fabrication, and infrastructure end markets, organized into six core product lines: TECNOFORM (structural systems for industrial buildings and warehouses with real-time 3D visualization), Perfiles Rack (storage rack profiles), Productos Planos (flat steel sheets and plates), Reja Maestra (perimeter fencing and railing), Formacon (drywall and interior partition profiles), and Tubos y Perfiles (structural steel tubes and profiles). The company also distributes third-party structural engineering software (SAP 2000, RAM Advanse, Capacity) free of charge to support engineer and contractor design workflows built around Formac specifications.

Formac operates through a multi-site direct-sales model targeting B2B customers, with manufacturing and headquarters in Quilicura, an additional sales office in Estación Central, and a regional manufacturing facility in Puerto Montt serving southern Chile. Pricing is not publicly disclosed and follows a quote-based B2B model typical of industrial steel suppliers. The company pursues a horizontal segmentation strategy across construction companies, steel fabricators, and infrastructure developers, and supports its customer-facing motion with an e-commerce storefront, WhatsApp Business communication, and active social channels on Instagram, YouTube, and LinkedIn. Ownership is not publicly disclosed; the entity is registered as a Chilean Sociedad Anónima (S.A.) with no identified parent company, institutional investors, or stock exchange listing.

Name

Formac

Legal name

FORMAC S.A.

Website

https://formac.cl

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

Formac S.A. is a Chilean value-added steel manufacturer producing galvanized profiles, tubes, flat products, and structural systems for construction companies, steel fabricators, and infrastructure developers across Chile, with three operating sites in Santiago and Puerto Montt.

Ownership category

akta.pro rank

Product category

Steel Products Manufacturing

NAICS

Iron and Steel Pipe and Tube Manufacturing from Purchased Steel (331210), Custom Roll Forming (332114), Plate Work and Fabricated Structural Product Manufacturing (33231)

SIC

Fabricated Structural Metal Products (3440)

akta.pro primary industry

Cold-Formed Steel Framing & Studs (IMADACAF)

akta.pro secondary industries

Steel Joists, Joist Girders & Decking (IMADACAC), Steel Plate, Sections & Welded Assemblies (IMADACAD)

Keywords

• Steel tube manufacturing
• Structural steel profiles
• Galvanized steel products
• Industrial building profiles
• Steel construction materials

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Distribution channels2 records

Marketing channels2 records

Core offering

FORMAC S.A. manufactures and sells value-added steel products for the construction, industrial, and infrastructure sectors in Chile. Its portfolio spans six product lines — TECNOFORM (galvanized steel systems for industrial buildings with 3D visualization), Perfiles Rack (storage shelving profiles), Productos Planos (flat steel sheets and plates), Reja Maestra (fencing systems), Formacon (drywall/partition profiles), and Tubos y Perfiles (tubes and structural profiles) — sold direct to construction companies, contractors, steel fabricators, and infrastructure developers.

Product overview

Formac S.A. is a Chilean steel value-added products company oriented toward products that add value to steel. The company has developed constructive solutions in galvanized steel, decorative profiles, profiles for industrial buildings (naves industriales), and other steel products. The product portfolio consists of six core product lines: TECNOFORM (structural systems for industrial buildings with 3D visualization), Perfiles Rack (storage systems), Productos Planos (flat products), Reja Maestra (fencing systems), Formacon (drywall profiles), and Tubos y Perfiles (tubes and structural profiles). The company also provides structural engineering software tools (SAP 2000, RAM Advanse, Capacity) for use with their products.

Differentiator

Problem solved

Functional benefit

Brands

• Tecnoform: Steel construction solutions and profiles, including industrial buildings and warehouses.
• Formacon
• Perfiles Rack
• Productos Planos
• Tubos y Perfiles
• Reja Maestra

Products and services

• TECNOFORM Steel profile system for industrial buildings, warehouses (galpones), and commercial structures, with real-time 3D visualization for project interaction. Targeted at construction companies and developers of industrial buildings.
• Perfiles Rack Steel rack profiles designed for storage systems and industrial shelving applications, sold to B2B customers building warehouse racking and storage systems.
• Productos Planos Flat steel products including sheets and plates for various industrial and construction applications, serving steel fabricators and construction buyers.
• Reja Maestra Fencing and railing system (reja) for perimeter security and architectural applications, sold to infrastructure, residential, and construction customers.
• Formacon Drywall and partition profiles for interior construction and architectural finishing, used by construction contractors in residential and commercial interior build-outs.
• Tubos y Perfiles Steel tubes and structural profiles for construction, industrial, and manufacturing applications, marketed to a broad range of construction and industrial B2B buyers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Gerdau S.A. Brazil-headquartered LatAm long steel and steel products producer with operations across the Americas. Overlaps with Formac in construction-focused steel profiles and tubes, though Gerdau serves a far broader geographic and product footprint.
• CAP Acero: Major Chilean integrated steel producer offering a wider portfolio across steelmaking and downstream products. Overlaps with Formac in tubes, profiles, and structural applications but operates at significantly greater vertical and horizontal scale.
• ArcelorMittal: Global integrated steel leader with a significant LatAm presence. Overlaps in structural steel products and tubes used in industrial building construction, but competes with Formac primarily through superior scale and global procurement rather than direct local specification.
• Acindar (Grupo ArcelorMittal Argentina): Argentina-based long and flat steel manufacturer focused on construction, industrial, and agricultural markets. Comparable in steel downstream products serving LatAm construction buyers and indirectly competes for cross-border industrial construction tenders.
• Ternium: Argentina-headquartered LatAm flat and long steel manufacturer serving construction and industrial customers across the region. Comparable in downstream steel products serving construction buyers, but operates at integrated-mill scale well above Formac.

Direct peers

• Metalcon: Chilean steel framing and profiles manufacturer serving the same construction and industrial building channels as Formac. Direct overlap in structural framing and drywall/partition profile segments within Chile.
• Prometálica: Chilean structural steel and metal products fabricator serving industrial building and infrastructure projects. Competes with Formac for the same construction contractor customers in industrial buildings, warehouses, and structural applications.
• Cintac S.A. Chile's leading steel tubes, profiles, and structural products manufacturer serving the same construction and industrial building end-markets as Formac. Closest direct competitor in Tubos y Perfiles, structural profiles, and galvanized construction solutions within the Chilean market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/channel/UCW5zFg5do1dnJVd5MPdiSgQ
• LinkedInlinkedin.com/company/formac-s-a
• Instagraminstagram.com/formac_s.a

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Formac