Mexican Multinationals
Building Multinationals in Emerging Markets

Over the past two decades, emerging market multinationals have become an important force in international business. This book provides a better understanding of the actions and strategies used by firms from mid-sized emerging markets to upgrade their capabilities and become successful multinationals. It is the first book to provide an in-depth look at Mexican multinationals, or 'Multimexicans'. These include some of the leading firms in the world, such as the construction materials producer Cemex and the tortilla maker Grumasa, as well as smaller but innovative firms such as the theme park Kidzania and the cinema multicomplex Cinepolis. This comprehensive analysis contains case studies written by local industry experts on these and other firms, across twenty-two industries. The lessons drawn will be of interest to researchers, students, and consultants, as well as managers and executives of firms in other emerging markets looking to upgrade capabilities and expand abroad.

1. Introduction Alvaro Cuervo-Cazurra; 2. Overview Miguel A. Montoya and Jorge Alcaraz; 3. Agriculture industry: SuKarne and Bachoco Miguel A. Lopez and Joan Llonch-Andreu; 4. Mining industry: Grupo Mexico and Industrias Peñoles Arturo Bernal and Isai Guizar; 5. Petroleum industry: Pemex Leticia Armenta-Fraire and Hugo Javier Fuentes-Castro; 6. Steel industry: Altos Hornos de Mexico and Industrias CH Jorge Alcaraz; 7. Food industry: Bimbo and Gruma Jorge E. Gomez and Miguel A. Lopez; 8. Beer industry: Grupo Modelo and Cuauhtémoc Moctezuma Edgar Rogelio Ramirez-Solis and Veronica Ilian Baños-Monroy; 9. Footwear: Flexi and Andrea Francisco J. Valderrey and Adriana Sanchez; 10. Cement industry: CEMEX and Chihuahua Cement Group Mario Adrian Flores-Castro and Lucia Rodriguez-Aceves; 11. Ceramic tile industry: Lamosa and Interceramic Daniel Lemus-Delgado; 12. Container and packaging industry: Vitro and Envases Universales Jose F. Moreno; 13. Automotive components: Metalsa and Nemak Laura Zapata and Andreas M. Hartmann; 14. Domestic appliance sector: MABE and MAN industries Hugo Javier Fuentes-Castro and Leticia Armenta-Fraire; 15. Retail industry: Elektra and Coppel Miguel A. Montoya, Maria E. Vazquez and Miguel A. Lopez; 16. Restaurant industry: El Pollo Loco and Alsea Edgar Muñiz-Avila, Lucia Rodriguez-Aceves and Jose Manuel Saiz-Alvarez; 17. The hospitality industry: Hoteles City Express and Grupo Posadas Eileen Daspro and Raul Montalvo; 18. Entertainment industry: KidZania and Cinépolis Raul Montalvo and Eileen Daspro; 19. Television industry: Televisa and TV Azteca Xiomara Vazquez-Guillen and Mauricio Ramirez-Grajeda; 20. Information technology: BINBIT and SOFTTEK Mauricio Cervantes-Zepeda; 21. Telecommunication industry: AmericaMovil and Iusacell Xiomara Vazquez-Guillen and Mauricio Ramirez-Grajeda; 22. Professional consultancy services: Sintec and Feher & Feher Lucia Rodriguez-Aceves and Angel Rivera; 23. Higher education: Universidad Nacional Autónoma de México and Tecnológico de Monterrey Olivia Hernandez-Pozas and Daniel Carrasco-Brihuega; 24. Conclusions Alvaro Cuervo-Cazurra.

Alvaro Cuervo-Cazurra is Professor of International Business and Strategy at Northeastern University, Boston. He was elected a Fellow of the Academy of International Business and to the Executive Committee of the International Management Division of the Academy of Management. He is co-editor of Global Strategy Journal.
Miguel A. Montoya is Professor of International Business and Economics at Tecnologico de Monterrey, Mexico. He is a member of the Academy of International Business and the National Council for Technology and Science (CONACYT-Mexico). He is also a member of the editorial board of Competition and Regulation in Network Industries.