Stock Report: Grupo SIMEC SAB de CV Unsponsored ADR Class B (SIM) Report Updated: Dec 26, 2018 | Print This Page

Grupo Simec, S.A.B. de C.V., together with its subsidiaries, manufactures, processes, and distributes special bar quality (SBQ) steel and structural steel products in Mexico, the United States, Canada, Latin America, Europe, and Asia. The company offers various steel products, including I-beams; channels; structural and commercial angles; hot rolled bars, such as round, square, and hexagonal steel bars; flat bars; rebars; cold-finished bars and wire rods; semi-finished tube rounds; and other semi-finished trade products. Its SBQ products are used in various engineered end-user applications, including axles, hubs and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment; and structural steel products are primarily used in the non-residential construction market and other construction applications, as well as the automotive industry. Grupo Simec, S.A.B. de C.V. sells its products through sales representatives and technicians, and independent distributors. The company was founded in 1969 and is headquartered in Guadalajara, Mexico. Grupo Simec, S.A.B. de C.V. is a subsidiary of Industrias CH, S.A.B. de C.V.