Manufacturing Today - January/February 2014 - 228

Emerson Electric - Mexico
www.emerson.com / Mexican corporate office: Monterrey, Nuevo Leon / Indalecio Montemayor,
COO: "Our permanent challenge is to continue developing high-technology products."

Mexico

Emerson handles business in more
than 150 countries and has 235 manufacturing locations worldwide, of
which approximately 160 are located
outside of the United States. Its Latin
America division, led by COO
Indalecio Montemayor, earned $1.4
billion in 2012, accounting for six percent of global fiscal sales.
Based in Monterrey, Mexico,
Montemayor is leading the Latin
American division's 16,000 employees and 30 manufacturing plants on a
path of continuous growth. In a
recent interview, Montemayor shared
some of his insights with
Manufacturing Today.

emerson's divisions include
climate technologies, which
has applications in office
environments.

Leading the Way
the coo of emerson electric latin america gives an
inside look at the mexican arm of this fortune 500 firm.
Headquartered in St. Louis,
Emerson Electric is a global company
with services that span a multitude of
diverse markets. The manufacturing
and technology powerhouse brought
in $24.7 revenue in 2013, which
included a sales increase of 1 percent
with underlying sales up 2 percent
over the previous year. Emerson leads
the way in the industrial, commercial
and consumer markets through its
five major businesses: Process
Management, Industrial Automation,
Network
Power,
Climate
Technologies and Commercial and
Residential Solutions.
In November 2013, Emerson
reported that "net sales for fiscal 2013
228

manufacturing-today.com JANUARY/FEBRUARY 2014

grew 1 percent, reflecting mixed endmarket demand and cautious levels of
business investment amid a sluggish
global economic environment."
"We are planning for a modestly
better operating environment next
year, but still slow relative to previous
recovery cycles," CEO David N. Farr
said. "Improving conditions in
Europe and China, along with continued strength in energy and chemical
end-markets, should provide support
into 2014. We also expect an increase
in acquisition activity in 2014 to complement growth, including two
recently closed transactions with
strong strategic alignment within
Process Management."

Manufacturing Today: How long
have you been with Emerson Electric?
Indalecio Montemayor: I've been
with the company for 28 years, three
of which I've worked as COO of
Emerson Latin America.
MT: What do you believe are the
major factors that separate you
from the competition?
IM: Technology, that is to say the new
products that Emerson includes in its
portfolio day by day, thanks to its commitment to investing in development.
MT: Tell us about the electrical
equipment industry and Emerson's
role in it.
IM: The industry in general is growing
in most sectors of Latin America, and
Emerson is taking advantage of this to
increase its presence in the region.
MT: Do you consider Emerson a
leader in your industry? How do
describe the company's growth?
IM: Emerson participates in many
sectors of the industry throughout
the world, and Mexico is not the
exception. Sales in the country have
increased 20 percent annually during
the last two years, which I believe
makes us a leader, to some extent, in
the market.


http://www.manufacturing-today.com

Table of Contents for the Digital Edition of Manufacturing Today - January/February 2014

Table of Contents
Manufacturing Today - January/February 2014 - Cover1
Manufacturing Today - January/February 2014 - Cover2
Manufacturing Today - January/February 2014 - 1
Manufacturing Today - January/February 2014 - 2
Manufacturing Today - January/February 2014 - Table of Contents
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