About Ferreycorp
History of the company, present and future
“Together we create development”
In 1922, Enrique Ferreyros Cía. Sociedad de Comandita was established in Peru, dedicated to the import and distribution of consumer goods. In the 1930s, the organization showcased its business incubator profile and expanded its portfolio of representations. In 1942, it obtained the representation of Caterpillar and ventured into the capital goods business, complementing its distribution of consumer goods.In the 1950s, it expanded its geographical presence by increasing its branch network across the country, a decade after the start of decentralization. In 1962, it officially registered on the Lima Stock Exchange (BVL) to facilitate the entry of new shareholders.
In the following decade (1970s), the organization relocated to a new 38,000 m2 facility on Av. Industrial, Lima, while Orvisa, a Caterpillar distributor in the Amazon, began operations in the city of Iquitos.
In 1980, the business portfolio was redefined, with a primary focus on capital goods, giving a new boost to growth. Additionally, the development of logistics capabilities was promoted with the creation of a storage firm, which later transformed into Fargoline.
In the next decade (1990s), the first Cat trucks arrived in Peru, and Ferreyros established its first Component Repair Center (CRC) to serve the mining industry. At the same time, equipment rental and used equipment sales were introduced, and Unimaq, a specialist in light equipment, was established towards the end of the decade. In the 2000s, complementary capital goods and consumables businesses were incorporated to serve new segments with related products and services, including Mega Caucho & Representaciones (now Soltrak) and Ferrenergy.
In the 2010s, international expansion occurred with the acquisition of Gentrac and Cogesa, Caterpillar distributors in Guatemala, El Salvador, and Belize. Additionally, Trex, present in Chile, Ecuador, and Colombia, and Transpesa (now Motored) in El Salvador were acquired. Forbis Logistics was also created in Peru and the United States, expanding logistics capabilities, and Maquicentro was established in Ecuador. In another development, the use of remote monitoring and comprehensive equipment management technologies was intensified, and the Condition Monitoring Centers, Soluciones Sitech Peru, and the e-commerce platform for spare parts via Parts.Cat.Com (PCC) were launched.
In 2012, the functions of Ferreycorp were separated as the holding company and owner of the corporation’s companies, and Ferreyros operated as the flagship company of the group.
In 2022, Ferreycorp and its flagship company Ferreyros celebrate 100 years in Peru and 80 years as Caterpillar distributors, with total revenues exceeding $1.7 billion. In this year, the first fleet of autonomous trucks in Peru was fully deployed, a decade after the introduction of the first 400-ton giant trucks and the addition of top-of-the-line shovels and drills. Furthermore, Ferreycorp became part of the S&P/BVL Peru General ESG Index and remained the only Peruvian firm to be part of the Dow Jones Sustainability MILA Pacific Alliance Index in all its editions.
Corporate Structure
