Fierro Group: Difference between revisions

Grupo Iberoamericano de Fomento or Grupo IF
Company type	Private
Industry	Banking; Industrial
Founded	1961
Headquarters	Spain
Products	Banking Services; Liquors; Matches; Foods; more...
Subsidiaries	Banco Exterior (Venezuela); Tanasa (Venezuela); Banco Interamericano de Finanzas (Peru); Fosforera Nacional (Venezuela); more...

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The IF Group also known as Grupo Iberoamericano de Fomento or Grupo Fierro is an economic group, originated in Spain, that has investments in Spain and Latin America, mostly in the industrial and financial sectors. The Fierro Group was founded by the Spanish entrepreneur and billionaire Ildefonso Fierro, a prominent Spanish businessman. The group is worth over US$4 billion with an annual net income in excess of US$300 million.^{[citation needed]}

They started operations in Peru in 1961, when they installed a factory of matches, a product in which they are a world leader.^{[citation needed]} In 2001 the Fierro Group in Peru was led by Manuel Isabal Roca and consisted of 18 companies, including Banco Interamericano de Finanzas (BIF), Fosforera Peruana, Tabacalera Nacional, Aval, Representaciones Alpamayo, Filtros del Perú, Destilería Peruana, Tabacalera del Sur, Industrial Cartavio, Verona Trading and Fosforera La Llama, employing around 5,000 staff between them.

In 1991 in Venezuela, the group owned Tabacalera Nacional (TANASA), today owned by Philip Morris, Fosforera Suramericana, C.A., Alimentos La Giralda, and Banco Exterior. Nowadays, Fierro Group in Venezuela (also known as Grupo Industrial Farallón de Venezuela: GIFVEN) has the first place of share market on match industry sales being also owners of different companies such as FOSUCA and DIFSA. Fierro Group companies had Factories such as Lander & Vera and Alimentos La Giralda which produce and distribute different manufactured goods related to liquors and canned food. Its most recognized brands are Fosforos el Sol, La Giralda, Ponche Imperial, Ruskaya, Licores Lander & Vera, among others.

In Ecuador, on October 24, 1958 Ignacio Fierro founded the company Fosforera Ecuatoriana S.A. (FESA) since then other companies were created: Tabacalera Nacional S.A. (Tanasa), acquired fully by Philip Morris in 2005, Banco Internacional, Seguros Cervantes, Grafandina S.A., Industria Licorera Iberoamericana S.A. (ILSA),^[1] PetroSud (Consorcio PetroSud-PetroRiva). In 2008 the leader of the Fierro Group in Ecuador was José Enrique Fuster Camps.

In August 2013, Francisco "Paco" Roche Navarro retired as leader of the Grupo IF banking division. Ex-BBVA Vicente de la Parra was brought in to lead the banking division. The Banks are composed of Banco Exterior (Venezuela), Banco Internacional (Ecuador), EBNA Bank (Curaçao), Interbanco (Guatemala), and BanBif (Peru).

International presence

References

^ {Shares acquired fully by Grupo IF in 2008}

[1] {Shares acquired fully by Grupo IF in 2008}

[1]

@@ Line 1: / Line 1: @@
-{{Infobox Company|
+{{multiple issues|
+{{Primary sources|date=September 2012}}
-| company_name = Grupo Iberoamericano de Fomento or Grupo IF
+{{more citations needed|date=January 2017}}
-| company_type = Private
+{{update|date=January 2017}}}}
-| company_logo = Grupo IF
-| company_slogan = ???
+{{Infobox company|
-| foundation = ???
+| name = Grupo Iberoamericano de Fomento or Grupo IF
-| location =  [[Spain]]
+| type = Private
-| industry = [[Banking]]</br>[[Industry|Industrial]]
+| foundation = 1961
-| products = [[Banking Services]]</br>[[Liquors]]</br>[[Matches]]</br>[[Foods]]</br>more...
+| location = [[Spain]]
-| revenue = {{profit}} [[USD|$]] ??? [[1000000000 (number)|billion]] (2008)
+| industry = [[Banking]]<br>[[Industrial sector|Industrial]]
-| net_income = {{loss}} [[USD|$]] ??? [[1000000000 (number)|billio]]n (2008)
+| products = [[Banking Services]]<br>[[Liquors]]<br>[[Matches]]<br>[[Foods]]<br>more...
-| operating_income = {{profit}} [[USD|$]] ??? [[1000000000 (number)|billion]] (2008)
+| subsid = [[Banco Exterior]] ([[Venezuela]])<br>[[Tanasa]] ([[Venezuela]])<br>[[Banco Interamericano de Finanzas]] ([[Peru]])<br>[[Fosforera Nacional]] ([[Venezuela]])<br>more...
-| key_people =
-| num_employees = ??? (2008)
-| parent =
-| subsid = [[Banco Exterior]] ([[Venezuela]])</br>[[Tanasa]] ([[Venezuela]])</br>[[Banco Interamericano de Finanzas]] ([[Peru]])</br>[[Fosforera Nacional]] ([[Venezuela]])</br>more...
-| homepage =
-| foot_notes =
 }}
-The '''IF Group''' also known as '''Grupo Iberoamericano de Fomento''' or Grupo Fierro is an old Economic Group that originated in [[Spain]] and has [[investments]] in [[Spain]] and [[Latin America]], mostly in the [[Industry|Industrial]] and [[Financial]] sectors.  The Fierro Group initial leader was the Spanish Entrepreneur [[Ignacio Fierro Viñas]].
+The '''IF Group''' also known as '''Grupo Iberoamericano de Fomento''' or Grupo Fierro is an economic group, originated in [[Spain]], that has [[investments]] in [[Spain]] and [[Latin America]], mostly in the [[Industrial sector|industrial]] and financial sectors. The Fierro Group was founded by the Spanish entrepreneur and billionaire [[Ildefonso Fierro]], a prominent Spanish businessman. The group is worth over US$4 billion with an annual net income in excess of US$300 million.{{citation needed|date=January 2017}}
+They started operations in Peru in 1961, when they installed a factory of [[matches]], a product in which they are a world leader.{{citation needed|date=January 2017}} In 2001 the '''Fierro Group''' in Peru was led by [[Manuel Isabal Roca]] and consisted of 18 companies, including [[Banco Interamericano de Finanzas]] (BIF), [[Fosforera Peruana]], [[Tabacalera Nacional]], Aval, Representaciones Alpamayo, Filtros del Perú, Destilería Peruana, [[Tabacalera del Sur]], [[Industrial Cartavio]], Verona Trading and Fosforera La Llama, employing around 5,000 staff between them.
+In 1991 in [[Venezuela]], the group owned Tabacalera Nacional (TANASA), today owned by [[Altria Group|Philip Morris]], [[Fosforera Suramericana, C.A.]], [[Alimentos La Giralda]], and [[Banco Exterior]]. Nowadays, '''Fierro Group''' in Venezuela (also known as [[Grupo Industrial Farallón de Venezuela]]: [[GIFVEN]]) has the first place of share market on match industry sales being also owners of different companies such as FOSUCA and DIFSA. Fierro Group companies had Factories such as [[Lander & Vera]] and [[Alimentos La Giralda]] which produce and distribute different manufactured goods related to liquors and canned food. Its most recognized brands are [[Fosforos el Sol]], ''La Giralda'', ''Ponche Imperial'', ''Ruskaya'', [[Licores Lander & Vera]], among others.
-They started operations in Peru in 1961, when they installed a factory of [[matches]], product in which they are one of the leaders in the world. In 2001 the leader of the '''Fierro Group''' in Peru was [[Manuel Isabal Roca]], and had 18 companies, some of which are: BIF ([[Banco Interamericano de Finanzas]]), [[Fosforera Peruana]], [[Tabacalera Nacional]], Aval, Representaciones Alpamayo, Filtros del Perú, Destilería Peruana, [[Tabacalera del Sur]], [[Industrial Cartavio]], Verona Trading and Fosforera La Llama.  That year, they employed about 5,000 between all their companies.
+In [[Ecuador]], on October 24, 1958 Ignacio Fierro founded the company Fosforera Ecuatoriana S.A. (FESA) since then other companies were created: Tabacalera Nacional S.A. (Tanasa), acquired fully by ''[[Altria Group|Philip Morris]]'' in 2005, Banco Internacional, Seguros Cervantes, Grafandina S.A., Industria Licorera Iberoamericana S.A. (ILSA),<ref>{Shares acquired fully by ''Grupo IF'' in 2008}</ref> PetroSud (Consorcio PetroSud-PetroRiva). In 2008 the leader of the Fierro Group in Ecuador was José Enrique Fuster Camps.
-In [[Venezuela]], in 1991 they owned: Tabacalera Nacional (TANASA) today owned by [[Altria Group|Philip Morris]], [[Fosforera Venezolana, S.A.]], [[Alimentos La Giralda]], [[Banco Exterior]]. Nowadays, '''Fierro Group''' in Venezuela (also known as [[Grupo Industrial Farallón de Venezuela]]: [[GIFVEN]]) has the first place of share market on match industry sales being also owners of different companies such as FOSUCA and FOMACA. Fierro Group companies has Factories such as [[Lander & Vera]] and [[Alimentos La Giralda]] which produce and distribute different manufactured goods related to liquors and canned food. Its most recognized brands are [[Fosforos el Sol]], ''La Giralda'', ''Ponche Imperial'', ''Ruskaya'', [[Licores Lander & Vera]], among others.
+In August 2013, Francisco "Paco" Roche Navarro retired as leader of the Grupo IF banking division.  Ex-BBVA Vicente de la Parra was brought in to lead the banking division. The Banks are composed of Banco Exterior (Venezuela), Banco Internacional (Ecuador), EBNA Bank (Curaçao), Interbanco (Guatemala), and BanBif (Peru).
-In [[Ecuador]], on October 24, 1958 ''Mr. Ignacio Fierro'' founded the company Fosforera Ecuatoriana S.A. (FESA) since then other companies were created: Tabacalera Nacional S.A. (Tanasa),<ref>{Shares acquired fully by ''[[Altria Group|Philip Morris]]'' in 2005}</ref> Banco Internacional,  Seguros Cervantes, Grafandina S.A., Industria Licorera Iberoamericana S.A. (ILSA),<ref>{Shares acquired fully by ''Grupo IF'' in 2008}</ref> PetroSud (Consorcio PetroSud-PetroRiva). In 2008 the leader of the Fierro Group in Ecuador was José Enrique Fuster Camps.
+== International presence ==
-'''INTERNATIONAL PRESENCE'''
 * {{flagicon|Spain}} [[Spain]]
@@ Line 42: / Line 39: @@
 {{reflist|2}}
-[[Category:Companies of Spain]]
+[[Category:Financial services companies of Spain]]
+[[Category:Manufacturing companies of Spain]]