Financial Overview

(in thousands of Mexican pesos)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	Rate of Change (%)	Factors
Overall
Consolidated Net Sales	16,626,219	17,871,783	(7.0)	-
Consolidated Income From Operations	1,080,013	1,382,463	(21.9)
Automotive
Net Sales	4,697,102	5,323,565	(11.8)	1)

Note: Figures are presented in accordance with new methods of accounting and valuation on joint ventures.

New Plant

<China>
-In May 2013, the Company announced that its wholly-owned subsidiary TREMEC opened a new manufacturing plant in Pune, India. The facility will manufacture rear-wheel drive transmissions and drivetrain components for India and the Asia Pacific region. The 95,000 square-foot manufacturing plant is designed to produce transmissions for the commercial and passenger vehicle market. The first product assemblies for an Indian/Japanese automotive joint venture shipped from the plant in May 2013. (From a press release on July 9, 2013)

U.S. Patent

-In February 2013, the Industrias Negromex S.A. de C.V. (INSA) subsidiary of the Company and Cooper Tire announced that the U.S. Patent and Trademark Office has granted a patent to the two organizations for a process to produce silane, hydrophobated silica, silica masterbatch and rubber products. Close collaboration between the two companies under a long-term joint development agreement led to the development of this new technology, which is an outgrowth of their combined focus on developing cost-effective polymer and silica technology to achieve maximum tire performance. (From a press release on February 28, 2013)

Capital Expenditures

(in thousands of Mexican pesos)

	FY ended Dec. 31, 2013	FY ended Dec. 31, 2012	FY ended Dec. 31, 2011
Automotive	255,517	369,874	136,607
Chemical	258,995	291,781	175,539
Consumer	352,711	355,026	511,955
Others	28,984	38,632	-
Total	896,207	1,055,313	824,101

Note: Figures are presented in accordance with new methods of accounting and valuation on joint ventures.