Grupo Rotoplas, S.A.B. de C.V. (English: ''Rotoplas Group'') or simply Rotoplas is a Mexican multinational company dedicated to the manufacture of water storage and filtration

tanks A tank is an armoured fighting vehicle intended as a primary offensive weapon in front-line ground combat. Tank designs are a balance of heavy firepower, strong armour, and good battlefield mobility provided by tracks and a powerful engi ...

based in

Miguel Hidalgo, Mexico City Miguel Hidalgo is a borough (''demarcación territorial'') in the Mexico City. It was created in 1970 when central Mexico City was divided into four boroughs. Miguel Hidalgo joined the historic areas of Tacuba, Chapultepec and Tacubaya along with ...

. It has a presence in 13 Latin American countries and the United States. Its main market is Mexico but it also has a presence in Argentina, Brazil, Chile, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru and Uruguay.

History

Origins

Rotoplas was founded on February 2, 1978, by Carlos Rojas Mota Velasco in Coyoacán, Mexico City as a small business with less than 30 employees. In its beginnings it was dedicated to manufacturing pots for gardening and milk tanks. In 1989, it began manufacturing industrial polyethylene tanks using the rotational molding technique. In 1995, two product lines were sold in 3,000 points of sale in Mexico with 8 plants. Its popularity led the company to have up to 90% market share in the [mid-1990s. In 1996, they expanded abroad for the first time, beginning to sell their products in Guatemala. As of 2005, its main and only business focuses on the manufacture of water tanks or derivatives. On December 10, 201], they were listed on the Mexican Stock Exchange (BMV) under the ticker symbol "AGUA" ("WATER"). They entered the United States with Plastic-Mark and The Tank Depot in 2015

Acquisitions

In 2010 the group of shareholders acquired the stake in Aqua International Partners. In 2016, they acquired all the shares of the Argentine company ''Talsar, S.A.'' dedicated to water heaters for 642 million Mexican pesos. In 2018, they acquired all the shares of the Argentine company ''IPS'' dedicated to the thermoplastic industry, being the main exporter of

pipes Pipe(s), PIPE(S) or piping may refer to: Objects * Pipe (fluid conveyance), a hollow cylinder following certain dimension rules ** Piping, the use of pipes in industry * Smoking pipe ** Tobacco pipe * Half-pipe and quarter pipe, semi-circula ...

and connections in 35 countries in addition to providing solutions to professional installers.

References

External links

* {{URL, https://rotoplas.com/, Rotoplas Companies established in 1978 Mexican brands