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THE DOMINATING
 MULTINATIONAL
    Omar Gereda
  Enrique Montufar
Mats Forsgren
                     Professor emeritus in International Business,
                     Uppsala University. Permanent visiting professor at
                     LUISS University, Rome. Honorary doctor at
                     Swedish Schoool of Economics, Helsinki 2004
                     Member of the editorial board of Journal of
                     International Business Studies and Global
                     Strategy Journal


  RESEARCH FOCUS: International business, foreign direct
    investment theory, theories of internationalization, managing
    the multinational firm and business network theory.
  EXPERT AREAS: Subsidiary-headquarter relationships and
    creation and transfer of innovations in the multinational
    firm. The role of the multinational firm in the society.
  PROJECTS: Transfer of Innovations in Multinationals (TIME).
    Entrepreneurship in Multinationals, both financed by
    Handelsbankens Forskningsstiftelser.

http://www.mastermiex.com/node/226
http://www.fek.uu.se/institutionen/person.asp?person=Mats%20Forsgren
FDI
1960's - “In the USA, in particular, it
 became apparent that firms
 establishing their own operations
 overseas, which came to be labelled
 as Foreign Direct Investment had
 become a large and groing proportion
 of capital movement from the USA to
 other countries” (Mats Forsgen, 2008)
IMPSA es una empresa centenaria
     dedicada a proveer soluciones
   integrales para la generación de
energía eléctrica a partir de recursos
renovables, equipos para la industria
 de procesos y servicios ambientales.

 Source: http://www.impsa.com/es/quienessomos/SitePages/Qui%C3%A9nes
                              %20Somos.aspx
Unidades de Negocios
- Energías Renovables:            IMPSA Hydro, IMPSA Wind e
  IMPSA Energy.

- IMPSA Process:       Soluciones integradas de ingeniería,
  equipamientos, sistemas y servicios para las industrias de
  Petróleo y Gas desde su extracción hasta su procesamiento
  final.

- IMPSA Servicios Ambientales:          Las soluciones
  provistas por IMPSA enfatizan la seguridad de operación
  orientada hacia la preservación del medio ambiente.




http://www.impsa.com/es/ipo/Balance%20ao%202011/IMPSA%20-%20Financial
   %20Statements%20FY2011.pdf
Source: http://www.impsa.com/es/quienessomos/SitePages/Qui%C3%A9nes%20Somos.aspx
IMPSA – MARKET POWER




 http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
AMÉRICA DEL NORTE:                    AMÉRICA DEL SUR:
CANADA                                COLOMBIA
EEUU                                  VENEZUELA
                                      ECUADOR
AMÉRICA CENTRAL:                      PERU
HONDURAS                              BRASIL
NICARAGUA                             PARAGUAY
COSTA RICA                            URUGUAY
                                      ARGENTINA
                                      CHILE


         http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
ASIA:                                  EUROPA:
INDIA                                  ANDORRA
CHINA                                  REPÚBLICA CHECA
TAIWAN                                 ESLOVAQUIA
MALASIA                                ITALIA
INDONESIA                              NORUEGA
FILIPINAS                              MACEDONIA
TAILANDIA
                                       ÁFRICA:
                                       MALAWI


          http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
Centros de Produccion

   IMPSA cuenta con 5 centros de
producción estratégicamente ubicados;
    dos en Mendoza - Argentina,
     dos en Pernambuco - Brasil
        y en Lumut - Malasia.



    http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
Análisis de cifras consolidadas relevantes




    http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
HYMER'S VIEW ON THE
SOCIETAL ROLE OF THE MNCs

“While national firms operate under the
 rights granted by a sovereign state,
 the multinational is a social and
 political (power) structure...such
 powerful enterprises cannot be
 analysed by economics alone”
          (Hymer 1971, p.140)
Market Imperfection
“El Gobierno de Argentina está
 estudiando las opciones disponibles
 para impulsar el desarrollo de una
 industria de equipos de energía eólica,
 indicó a BNamericas Rubén Sánchez,
 director comercial de energía eólica
 de Impsa para Latinoamérica.”
(March 7th, 2012)




http://www.bnamericas.com/news/energiaelectrica/gobierno-evalua-opciones-para-
   fabricacion-de-equipos-eolicos-segun-impsa
Market Imperfection

"no existe ninguna vinculación entre Impsa
  y los funcionarios del gobierno
  argentino ni venezolano más allá de la
  relación formal gobierno-empresa y
  rechazamos cualquier insinuación, como
  la ha habido, de que esta relación podría
  tener algún otro fin".
http://www.ambitoenergetico.com.ar/enegia-electrica/315-impsa-se-
   despego-de-las-inversiones-cuestionadas.html
HYMER'S VIEW ON THE
SOCIETAL ROLE OF THE MNCs

Dual character of FDIs:
Instruments for transfering capital,
●


 technology and organizational skill
 across borders.
Instruments for restraining competitions
●


 between firms in different nations.
(Hymer 1970)
Competition

“The key challenge in that the law
   acts on a national level while
       business is increasingly
    international” Forsgren, Mats
                                 (2008)



Forsgren, Mats (2008) Theories of the multinational firm:  A multidimensional
     creature in the global economy, P 24. Edward Elgar: Cheltenham, UK.
HYMER'S MULTINATIONAL
         FIRM
 “ In the giant corporation of
 today, managers rule from the
tops of skyscrapers; on a clear
  day, they can almost se the
             world”
      (Hymer 1970, p445)
Dereg




May 15 1987, News footage.
http://www.youtube.com/watch?v=PIy7Ncf-hk0
CEMEX HISTORY
CEMEX HISTORY
CEMEX HISTORY
CEMEX HISTORY
CEMEX HISTORY
CEMEX HISTORY
CEMEX HISTORY
CEMEX HISTORY
CEMEX

CEMEX is a global building materials company
that provides high quality products and
reliable service to customers and communities
throughout the Americas, Europe, Africa, the
Middle East, and Asia.

 The operations network produces, distributes,
and    markets    cement,  ready-mix  concrete,
aggregates, and related building materials in
more than 50 countries, and we maintain trade
relationships in approximately 102 nations.
CEMEX

 Presence in more than 50 countries
  worldwide.

 Annual production capacity of more than
  96 million metric tons of cement.

 Annual production levels of approximately
  55 million cubic meters of ready-mix
  concrete and more than 160 million metric
  tons of aggregates.
CEMEX
 61 cement plants, 1,921 ready-mix
  concrete facilities, and a minority
  participation in 12 cement plants.

 377 aggregates quarries, 226 land-
  distribution centers, and 70 marine
  terminals.
CEMEX
 Annual Sales: US$ 15.14 Billion.

 Operating EBITDA: US$ 2.33 Billion.

 Employees worldwide: 44.104.

 Annual productions levels:
  Aggregates – 160M tons concrete
  -55 M3.
CEMEX MARKET POWER
 Cemex works according to the need in each
  Market.

 Cemex have a Global Center for Technology
  and Innovation in Switzerland. This
  laboratory has a unique and broad range of
  investigation tools and novel in-house
  testing methods that are available to the
  CEMEX community. This research center has
  considerable expertise in different areas
  such as: new and enhanced construction
  materials; sustainable construction;
  cementitious materials; concrete and mortar
  products; admixture formulations; and
  aggregates.
CEMEX MARKET POWER
CEMEX offer to the customer innovative services
such as:

24/7 LOAD.
ATM-like Bulk Cement Dispatch System.
Construrama.
Customer-oriented Educational and Training
Services.
Construction Financing Services.
Mobile Solutions.
Online Services.
Service Centers.
Smart Silo.
CEMEX MARKET POWER

Cemex create value for
  the shareholders
 through a forward-
   looking growth
     strategy and
   disciplined fund
      allocation.
CEMEX MARKET POWER
Cemex works thinking in a Sustainable
development embedded in the core
business strategy and day-to-day
operations.
Cemex seek to build a smarter world
through a simple and focused model
that follows three main lines of
action:
1.Enhancing the Value Creation.
2.Managing the Footprint.
3.Engaging the Stakeholders
CEMEX MARKET POWER

Cemex industry-best processes allow them to
  satisfy the needs of the customers while
using the optimal amount of resources, thus
creating the most value. The firm constantly
    seek to improve its performance as an
  efficient, agile, and innovative company by
 identifying, sharing, and implementing best
  practices across their global network of
              plants and facilities.
CEMEX MARKET POWER


Cemex was founded in 1906,
 the firm has a big history
and recognition around the
 world, this facilitate the
 entrance to new markets.
CEMEX SOCIETAL ROLE
Cemex acquisitions
CEMEX SOCIETAL ROLE
Cemex acquisitions
Thank You!

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Cemex impsa the market power of the multinational firm

  • 1. THE DOMINATING MULTINATIONAL Omar Gereda Enrique Montufar
  • 2. Mats Forsgren Professor emeritus in International Business, Uppsala University. Permanent visiting professor at LUISS University, Rome. Honorary doctor at Swedish Schoool of Economics, Helsinki 2004 Member of the editorial board of Journal of International Business Studies and Global Strategy Journal RESEARCH FOCUS: International business, foreign direct investment theory, theories of internationalization, managing the multinational firm and business network theory. EXPERT AREAS: Subsidiary-headquarter relationships and creation and transfer of innovations in the multinational firm. The role of the multinational firm in the society. PROJECTS: Transfer of Innovations in Multinationals (TIME). Entrepreneurship in Multinationals, both financed by Handelsbankens Forskningsstiftelser. http://www.mastermiex.com/node/226 http://www.fek.uu.se/institutionen/person.asp?person=Mats%20Forsgren
  • 3. FDI 1960's - “In the USA, in particular, it became apparent that firms establishing their own operations overseas, which came to be labelled as Foreign Direct Investment had become a large and groing proportion of capital movement from the USA to other countries” (Mats Forsgen, 2008)
  • 4. IMPSA es una empresa centenaria dedicada a proveer soluciones integrales para la generación de energía eléctrica a partir de recursos renovables, equipos para la industria de procesos y servicios ambientales. Source: http://www.impsa.com/es/quienessomos/SitePages/Qui%C3%A9nes %20Somos.aspx
  • 5. Unidades de Negocios - Energías Renovables: IMPSA Hydro, IMPSA Wind e IMPSA Energy. - IMPSA Process: Soluciones integradas de ingeniería, equipamientos, sistemas y servicios para las industrias de Petróleo y Gas desde su extracción hasta su procesamiento final. - IMPSA Servicios Ambientales: Las soluciones provistas por IMPSA enfatizan la seguridad de operación orientada hacia la preservación del medio ambiente. http://www.impsa.com/es/ipo/Balance%20ao%202011/IMPSA%20-%20Financial %20Statements%20FY2011.pdf
  • 7. IMPSA – MARKET POWER http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
  • 8. AMÉRICA DEL NORTE: AMÉRICA DEL SUR: CANADA COLOMBIA EEUU VENEZUELA ECUADOR AMÉRICA CENTRAL: PERU HONDURAS BRASIL NICARAGUA PARAGUAY COSTA RICA URUGUAY ARGENTINA CHILE http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
  • 9. ASIA: EUROPA: INDIA ANDORRA CHINA REPÚBLICA CHECA TAIWAN ESLOVAQUIA MALASIA ITALIA INDONESIA NORUEGA FILIPINAS MACEDONIA TAILANDIA ÁFRICA: MALAWI http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
  • 10. Centros de Produccion IMPSA cuenta con 5 centros de producción estratégicamente ubicados; dos en Mendoza - Argentina, dos en Pernambuco - Brasil y en Lumut - Malasia. http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
  • 11. Análisis de cifras consolidadas relevantes http://www.impsa.com/es/presencia/SitePages/Presencia.aspx
  • 12. HYMER'S VIEW ON THE SOCIETAL ROLE OF THE MNCs “While national firms operate under the rights granted by a sovereign state, the multinational is a social and political (power) structure...such powerful enterprises cannot be analysed by economics alone” (Hymer 1971, p.140)
  • 13. Market Imperfection “El Gobierno de Argentina está estudiando las opciones disponibles para impulsar el desarrollo de una industria de equipos de energía eólica, indicó a BNamericas Rubén Sánchez, director comercial de energía eólica de Impsa para Latinoamérica.” (March 7th, 2012) http://www.bnamericas.com/news/energiaelectrica/gobierno-evalua-opciones-para- fabricacion-de-equipos-eolicos-segun-impsa
  • 14. Market Imperfection "no existe ninguna vinculación entre Impsa y los funcionarios del gobierno argentino ni venezolano más allá de la relación formal gobierno-empresa y rechazamos cualquier insinuación, como la ha habido, de que esta relación podría tener algún otro fin". http://www.ambitoenergetico.com.ar/enegia-electrica/315-impsa-se- despego-de-las-inversiones-cuestionadas.html
  • 15. HYMER'S VIEW ON THE SOCIETAL ROLE OF THE MNCs Dual character of FDIs: Instruments for transfering capital, ● technology and organizational skill across borders. Instruments for restraining competitions ● between firms in different nations. (Hymer 1970)
  • 16. Competition “The key challenge in that the law acts on a national level while business is increasingly international” Forsgren, Mats (2008) Forsgren, Mats (2008) Theories of the multinational firm:  A multidimensional creature in the global economy, P 24. Edward Elgar: Cheltenham, UK.
  • 17. HYMER'S MULTINATIONAL FIRM “ In the giant corporation of today, managers rule from the tops of skyscrapers; on a clear day, they can almost se the world” (Hymer 1970, p445)
  • 18. Dereg May 15 1987, News footage. http://www.youtube.com/watch?v=PIy7Ncf-hk0
  • 19.
  • 28. CEMEX CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities throughout the Americas, Europe, Africa, the Middle East, and Asia. The operations network produces, distributes, and markets cement, ready-mix concrete, aggregates, and related building materials in more than 50 countries, and we maintain trade relationships in approximately 102 nations.
  • 29. CEMEX  Presence in more than 50 countries worldwide.  Annual production capacity of more than 96 million metric tons of cement.  Annual production levels of approximately 55 million cubic meters of ready-mix concrete and more than 160 million metric tons of aggregates.
  • 30. CEMEX  61 cement plants, 1,921 ready-mix concrete facilities, and a minority participation in 12 cement plants.  377 aggregates quarries, 226 land- distribution centers, and 70 marine terminals.
  • 31. CEMEX  Annual Sales: US$ 15.14 Billion.  Operating EBITDA: US$ 2.33 Billion.  Employees worldwide: 44.104.  Annual productions levels: Aggregates – 160M tons concrete -55 M3.
  • 32. CEMEX MARKET POWER  Cemex works according to the need in each Market.  Cemex have a Global Center for Technology and Innovation in Switzerland. This laboratory has a unique and broad range of investigation tools and novel in-house testing methods that are available to the CEMEX community. This research center has considerable expertise in different areas such as: new and enhanced construction materials; sustainable construction; cementitious materials; concrete and mortar products; admixture formulations; and aggregates.
  • 33. CEMEX MARKET POWER CEMEX offer to the customer innovative services such as: 24/7 LOAD. ATM-like Bulk Cement Dispatch System. Construrama. Customer-oriented Educational and Training Services. Construction Financing Services. Mobile Solutions. Online Services. Service Centers. Smart Silo.
  • 34. CEMEX MARKET POWER Cemex create value for the shareholders through a forward- looking growth strategy and disciplined fund allocation.
  • 35. CEMEX MARKET POWER Cemex works thinking in a Sustainable development embedded in the core business strategy and day-to-day operations. Cemex seek to build a smarter world through a simple and focused model that follows three main lines of action: 1.Enhancing the Value Creation. 2.Managing the Footprint. 3.Engaging the Stakeholders
  • 36. CEMEX MARKET POWER Cemex industry-best processes allow them to satisfy the needs of the customers while using the optimal amount of resources, thus creating the most value. The firm constantly seek to improve its performance as an efficient, agile, and innovative company by identifying, sharing, and implementing best practices across their global network of plants and facilities.
  • 37. CEMEX MARKET POWER Cemex was founded in 1906, the firm has a big history and recognition around the world, this facilitate the entrance to new markets.