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Blvd. Manuel Ávila Camacho 138 PH 1 2, Col. Lomas de Chapultepec, Mexico City, Mexico.
Comex is a PPG company, a global leader in coatings and specialty materials. For more than six decades, Comex has focused on the manufacturing, distribution, and marketing of architectural, specialty, and industrial paints and coatings, lightweight construction systems, chemicals, and accessories in Mexico and Central America. Its business leadership has been consolidated through its commitment to technological innovation, research, and development to develop more and better solutions that beautify, protect, and preserve spaces, environments, and construction projects; as well as through its proximity to its customers and consumers through the world’s largest network of paint stores and its diverse sales channels, the expert advice of its specialized staff, and the excellence of its comprehensive services. In its constant quest to improve people’s quality of life, Comex contributes to the progress of society by supporting the growth and well-being of its employees, dealers, and customers, promoting initiatives that benefit the communities where it operates, and dedicating its utmost effort to operating sustainably. Work is synonymous with passion at Comex, and the cornerstone of our promise to offer the highest levels of experience and service through the talent that characterizes our people. Therefore, we are constantly looking for committed and innovative people like you. If you are someone who strives to exceed goals, enjoys working in a team, and puts your creative talent to work to achieve the best results, we want to meet you. Comex: We work with talent, we discover leaders.
Markets Served: Architectural coatings, Industrial coatings, Automotive refinish coatings, OEM (non-automotive)
Comex Group, the largest paint company in Mexico was set to be bought by Sherwin-Williams in 2013. Although Sherwin-Williams has completed the acquisition of the U.S./Canada business of Consorcio Comex, S.A. de C.V., the acquisition of its Mexican operations was blocked by the Mexican anti-monopoly agency, Comisión Federal de Competencia (CFC) and S-W has since backed out of the deal.
Comex CEO Marcos Achar, reacting to the CFC decision, said that a negative decision by the CFC would affect $1 billion worth of investments his company has already made. He said that his company’s national paint and coatings market share amounts to only 40 percent with all segments combined. The company’s architectural segment share is approximatley 53 percent, wood finishes is about 30 percent, waterproofing is about 30 percent, and industrial and marine is about 18 percent, Achar noted in local interviews following the CFC decision.
Comex produced paints and coatings in 16 North American locations, including eight in Mexico, five in the U.S. and three in Canada, through its acquisition of PPI several years ago. Out of the company’s $935 million revenues, 65 percent came from architectural segment sales, 25 percent from industrial sales and the remainder from all other segments. Comex enjoys a relationship with Mexico’s national oil company Pemex, for which it has helped develop paint and coatings quality standards that are utilized at times as a de facto national standard. Comex also exports to the Caribbean, where it has been building a network of more than 90 stores. Among countries in its network there are: Belize; Costa Rica; El Salvador; Guatemala; Honduras; Nicaragua and Panama.
By: KERRY PIANOFORTE
Solution offers high-performance results, exceptional value .
Letter to Congressional Leaders emphasizes need for timely reviews, risk-based regulation and stronger scientific standards.
The company will showcase its portfolio of sustainable solutions for the paints and coatings market.
By: David Savastano
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Shaw is vice president and chief supply chain officer at Sun Chemical.
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