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November 25, 2015 11:38 PM ET

Industrial Conglomerates

Company Overview of Grupo Hermes, S.A. De C.V.

Company Overview

Grupo Hermes, S.A. De C.V. operates as an industrial conglomerate specializing in manufacturing, construction, and power projects. The company is based in Mexico City, Mexico.

Avenida Paseo De Reforma #383, Piso 12

Colonia Cuauhtemoc

Mexico City, DF 06500



52 5 326 8600


52 5 326 8736

Key Executives for Grupo Hermes, S.A. De C.V.

Chief Executive Officer and Chairman of the Board
Age: 67
Compensation as of Fiscal Year 2015.

Grupo Hermes, S.A. De C.V. Key Developments

ATCO and Grupo Hermes S.A. de C.V. Win Contract to Develop Cogeneration Power Project in Mexico

ATCO and its partner Grupo Hermes S.A. de C.V. have been selected by an affiliate of Mexico's state owned petroleum company Pemex, PMX Cogeneracion S.A.P.I de C.V. to begin the project development and approval process for a natural gas cogeneration plant at the Miguel Hidalgo refinery near the town of Tula in the state of Hidalgo, Mexico. Initial estimates value the capital cost of the proposed project at USD 820 million of which ATCO will be responsible for approximately half of the required investment. Partnership approval is expected in 2015, with a commercial operation date in the second half of 2017.

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