Sigma Foods SAB de CV - Company Profile
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Business Description
Sigma Foods SAB de CV (Sigma Foods) is a company primarily engaged in the production of petrochemicals, synthetic fibers, and refrigerated foods. It operates globally, with a competitive position in the auto parts segment, specifically in the production of aluminium engine heads and blocks, and in the manufacture of PTA and PET, which are raw materials for polyester. Sigma Foods is a leader in the Mexican market for refrigerated foods and markets its products in over 29 countries worldwide.
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R&D Overview
Sigma Foods R&D initiatives focus on developing innovative value proposals through a team of over 260 specialists across two research centers. The company engages with the entrepreneurial ecosystem to explore and research initiatives via rapid iterations and low-cost pilots, including new food development technologies and collaborations with strategic partners in alternative proteins and clean-label products to drive long-term growth. The R&D units of the company include the Growth Business Unit and the Nutrition and Health Unit (NHU). The Growth Business Unit is responsible for new categories and business models, characterized by entrepreneurial skills, agility, a global multidisciplinary team, rapid iterations, and low-cost pilot tests. The NHU aims to maintain a competitive advantage in the food industry by guiding strategic priorities related to scientific research, nutritional profiles, product and process development, operational excellence, and sustainability. In FY2024, the company spent R&D expenses of MXN68 million, which stood same compared to previous year.
Business Segments
Overview
Produces, markets and distributes foods in Mexico, the US, Europe and Latin America. It offers processed meats such as ham, sausages and bacon; dairy products such as yogurt, cheese, cream and butter; and other frozen and refrigerated foods. In FY2024, the segment’s capital expenditure stood at MXN3,868 million, which declined 22.56 YoY.
Performance
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Overview
It includes company’s all other companies operating business services and others that are non-reportable segments.
Performance
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