Gruma Consolidates its Position in the US and the Rest of the Global Market

By: Abasto Magazine
 
WINSTON-SALEM, N.C. - Aug. 5, 2019 - PRLog -- The United States established itself as the main market for corn flour, tortilla and wraps products made by the Mexican global food company Gruma, with 55% of net sales last year.

The Mexican multinational has achieved significant sales growth after launching healthier products, such as low-carb and gluten-free tortillas, the growth of Mexican food restaurants and tortilla-producing companies.

According to a press release, Gruma stressed that in 2018 the net sales of operations outside of México represented 73% of the Company's consolidated figures. The United States accounted for 55%, followed by Europe, with 7%; Central America, with 6%; and Asia and Oceania, with 5%.

Regarding the total operating cash flow (EBITDA), foreign transactions provided 75% of the company's total. The United States accounted for 64%, followed by Europe, with 4%; Central America, with 4%; and Asia and Oceania, with 3%.

Founded 65 years ago in Nuevo León, Mexico, Gruma is recognized among Hispanics primarily for its Maseca corn flour brand and… To read the complete story, click on this link: https://abasto.com/en/news/gruma-consolidates-its-position-in-the-us/?utm_source=PRLog&utm_medium=PR&utm_campaign=gruma_us

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Tags:Gruma
Industry:Business
Location:Winston-Salem - North Carolina - United States
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