Subscribe Now!
Cargando Video
     
Monday, November 22, 2010
Special Reports

Terpel: Colombia Still Key 

Colombian fuel distributor Terpel sees higher profits in Ecuador and great potential in Mexico.
Despite growing international business, Colombia still accounts for more than half of Terpel's earnings. (Photo: Terpel)
A cover of Colombian business magazine Dinero last year.

BY JOHN OTIS

BOGOTA – Thanks to government policies in Ecuador and Mexico, Colombian fuel distributor Terpel is seeing growing profits in the first market and great potential in the second one.


In Ecuador, the government has restricted the construction of new service stations, which has led to growing profits at Terpel’s existing outlets. Meanwhile, the company sees big potential in Mexico as a result of government cuts of  gasoline subsidies, Terpel president Amaury de la Espriella tells Latin Business Chronicle. 

However, Colombia remains the driver behind earnings, he adds.

 

Terpel Organization last year increased revenues by 5 percent to $2.9 billion, which ranked it fourth in Colombia and 132nd on the Latin 500 from Latin Business Chronicle.

 

Terpel is ...

Full story

Post Your Comments
You can write a comment on this article by clicking here.

There are no comments on this article. If you wish, you can write one.

  Other articles in : Special Reports
Back to Special Reports   

Latin Business Chronicle, Latin Trade Group,
2525 Ponce De Leon Blvd., Suite 300, Coral Gables, Fl 33134
Tel: +1-800-765-0453 or +1 (305) 749-0888
Powered by Merit Designs