Nemak Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
October 18, 2016 at 01:47 am EDT
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Nemak announced unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported consolidated revenues of $1,063 million against $1,094 million a year ago. EBITDA was $182 million against $193 million a year ago.
For nine months, the company reported revenue of $3,261 million against $3,433 million a year ago. EBITDA was $612 million against $594 million a year ago.
Nemak SAB De CV, formerly Tenedora Nemak SA de CV, is a Mexico-based holding company primarily engaged in the automotive industry. The Company specializes in the design, manufacture and distribution of aluminum components for powertrain and body structure applications. Its product portfolio comprises cylinder heads, engine blocks, shock towers, tank cover frames, B-pillars, transmission housings, frame rails, and cross members, among others. The Company operates manufacturing facilities in a range of countries, such as Canada, the United States, Mexico, Brazil, Spain, Germany, Poland, Russia, India and China. Furthermore, Its customers include Audi, BMW, KIA, Ford, Hyundai, Chrysler, Nissan, Volvo, Toyota, as well as Volkswagen, among others. The Company controls a number of subsidiaries, including Modellbau Schonheide GMBH, Camen International Trading Inc, Nemak Canada SA de CV and Nemak Czech Republic Sro, among others. Its parent is ALFA SAB de CV.
NEMAK, S. A. B. DE C. V. 
