Friday, April 16, 2021

Become part of our community

Grupo Orbis Profits Improve Grupo Orbis Profits Improve Source: Grupo Orbis

Grupo Orbis Full-Year 2020 Profits Improve over 2019

Published in Companies Written by  March 29 2021 font size decrease font size increase font size 0
Rate this item
(1 Vote)

Medellin-based Grupo Orbis – manufacturer of “Pintuco” paints, “Andercol” packaging products, “O-Tek” water-handling systems and distributor of “Mundial” hardware products – announced March 25 that its full-year 2020 profits rose 15% year-on-year, to COP$55.7 billion (US$15 million).

Gross income dipped slightly year-on-year, to COP$491 billion (US$133 million), according to the company.

Asset values dipped 3% year-on-year, to COP$1.6 trillion (US$433 million), while liabilities also declined, to COP$760 billion (US$206 million), with the result that net worth rose to COP$769 billion (US$208 million), according to the filing with Colombia’s Superfinanciera oversight agency.

The “Pintuco” paints division operates in Colombia, Ecuador, Venezuela, Curazao, Aruba, Costa Rica, Panamá, Honduras, El Salvador, Guatemala and Nicaragua. Its retail brands include “Viniltex,” “Koraza,” “Terinsa,” “ICO,” “Protecto,” “Fiesta” and “Pintulux.”

The “Andercol” chemical division operates in Colombia, Brasil, Venezuela, México and Ecuador, focusing upon renewable or recyclable materials including polyesters, polymers, adhesives, construction materials, pharmaceuticals and nutritional elements.

The “O-tek” division -- with plants in Colombia, México and Argentina -- makes polyester/fiberglass tubing for water and wastewater, mining and industrial applications, and desalination plants.

The “Mundial” division is a distributor of hardware to 453 municipalities in Colombia, with 16 different product lines under the “CRC,” “Brizze,” “Astral” and “Extermin” brand names.

Read 87 times Last modified on Last modified on March 29 2021

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

Contact US

logo def
Medellin Herald: Find news, information, reviews and opinion on business, events, conferences, congresses, education, real estate, investing, retiring and more.
  • COL (4) 386 06 27
  • USA (1) 305 517 76 35
  •  This email address is being protected from spambots. You need JavaScript enabled to view it. 
  • Medellin, Antioquia, Colombia

Medellín Photo Galery

Medellin, contrasting colors and styles by Gabriel Buitrago