Nemak, S. A. B. de C. V. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 22, 2022
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Nemak, S. A. B. de C. V. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was MXN 19,596 million compared to MXN 19,548 million a year ago. Net loss was MXN 1,051 million compared to net income of MXN 338 million a year ago.
For the full year, sales was MXN 77,078 million compared to MXN 66,325 million a year ago. Net income was MXN 85 million compared to net loss of MXN 933 million a year ago.
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. 
