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Acerias Nacionales del Ecuador Sociedad Anonima (A.N.D.E.C) (Ecuador)

Main Activities: Rolled Steel Shape Manufacturing | Steel Wire Drawing
Full name: Acerias Nacionales del Ecuador Sociedad Anonima (A.N.D.E.C) Profile Updated: December 10, 2019
Buy our report for this company USD 29.95 Most recent financial data: 2018 Available in: English & Spanish Download a sample report

Acerias Nacionales del Ecuador (ANDEC S.A.) is a public limited company established in Ecuador on 8 April 1964 with twith the installation of the first rolling mill in the country and it is located in Guayaquil. A.N.D.E.C. is currently part of the holding Dine S.A. and it is the first metallurgy plant in Ecuador that produces and sells steel, being the backbone of the largest works in the country. The company is primarily engaged in the gathering of recycled ferrous metals, converted into scrap metal for its transformation and the subsequent manufacturing of steel products. The portfolio of the company, comprised of products such as weld rods, drawn wire, angles, among others, is designed in order to satisfy the needs of the construction industry. In 2004, Andec S.A. joined its subsidiary FUNASA, as a division in charge of the collection processing and recycling of ferrous scrap for the manufacture of steel billet material.

Headquarters
Av. las Esclusas Solar 9, Complejo Siderurgico Andec Bldg.
Guayaquil; Guayas;

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Website: http://www.andec.com.ec

Basic Information
Total Employees:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
April 08, 1964
Key Executives
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President
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General Manager
Ownership Details
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93.73%
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2.1%
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2.08%
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2.08%
Subsidiaries
Electroquil S.A.
0.04%
Company Performance
Financial values in the chart are available after Acerias Nacionales del Ecuador Sociedad Anonima (A.N.D.E.C) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
-21.82%
Total operating revenue
-21.77%
Operating profit (EBIT)
74.91%
EBITDA
N/A
Net Profit (Loss) for the Period
-66.57%
Total assets
-11.33%
Total equity
-0.67%
Operating Profit Margin (ROS)
12.69%
Net Profit Margin
-15.89%
Return on Equity (ROE)
-17%
Debt to Equity Ratio
-15.76%
Quick Ratio
0.62%
Cash Ratio
0.19%

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