Nemak Reports Consolidated Earnings Results for the Second Quarter of 2019
July 18, 2019 at 11:30 am EDT
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Nemak reported consolidated earnings results for the second quarter of 2019. For the quarter, the company reported consolidated revenue of $1.0 billion, an 18.5% reduction year-on-year due mainly to the combined effect of lower volumes. Consolidated operating income was $90 million, 33% lower than last year. Net income amounted to a $42 million, an increase of 75% over second quarter 2018.
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. 
