Best-Selling Companies in Central America

Six Central American companies are included on the America Economia's Ranking of the 500 largest companies in Latin America.

Monday, October 11, 2010

Listed in 178th place RECOPE, Costa Rica’s Oil Refinery, is the Central American company with the highest sales, totaling $2,701 million.

Follow Intel in Costa Rica with $ 2,101 Million, Panama Canal Authority (ACP), with $ 2,000 million, Instituto Costarricense de Electricidad (Costa Rica Power Company) with $ 1,822 million and completing the list, the two main regional airlines Copa Airlines with sales of $ 1,253 million and Grupo Taca with $ 940 million.

In the ranking, organized by sales volume, financial companies were not included because their value are not measured by sales but by assets.

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Refinery Bonds in Costa Rica for $200 million

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RECOPE has received authorized to file a Standardized bond issue totaling $200 million, to be placed on Costa Rica and Central American stock markets.

A statement from the Costa Rican Petroleum company (RECOPE SA):

SUGEVAL gives green light for RECOPE bond program

The Costa Rican Petroleum Refinery (RECOPE SA) has been registered as an issuer in the National Issuer Registry of the Securities Superintendence (SUGEVAL), which by Resolution SGV-R-2702 of August 27, 2012 authorized a program of A Standardized Bond issues, which will be placed both on the domestic market, and in Central America.

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They produce 28 percent of the GDP in the area. Their performance sets the pace for economic activity and industry trends.

Mexican America Movil and Arkansas giant Wal-Mart are, without a doubt, the two biggest stars in the ranking, evidencing the significant activity in telecommunications and retail sales in the region.