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SOFASA

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SOFASA
Founded 1970
Headquarters Chía, Colombia
Number of locations Colombia, Ecuador, Venezuela
Industry Automobiles
Employees 1,925
Website http://www.sofasa.com.co

SOFASA founded 1970, has produced and commercialized more than 670,000 vehicles of the Renault and Toyota brands. The company exports these vehicles to the Andean Community of Nations and supplies the national market of automobiles in Colombia.

Company History

Founded in 1970, SOFASA (la Sociedad de Fabricación de Automotores, S.A.), began with the launch of the Renault 4, and later that year with the sale of the Renault 6. In 1973, SOFASA launched the Renault 12 and produced 1,550 of them in one year. In 1975, the company produced three models of automobiles in five distinct versions. The year 1979, was one of the biggest years for sales of SOFASA with 25,007 vehicles sold which is the equivalent of 2,083 vehicles monthly.

In 1989, Renault bought the total of actions of the company and later offered a portion to the Toyota Motor Corporation (24%). This began the assembly of Land Cruisers and the Hilux pickup trucks of the prestigious Japanese brand. In 1994, The Bavaria Company Group acquired 51 percent of the company’s actions. SOFASA began exporting Toyota Land Cruisers and Hilux pickups to Ecuador. The following year, SOFASA created a subsidiary in Venezuela (SOFAVEN) and began commercial operations of Renault.

In 2004, SOFASA received the Colombian Prize for Quality of Management, in the Large Manufacturer Company category. The following year, SOFASA received the Latin American Prize of Quality and was recognized as the “Best Place to work in Colombia”.

Historical Financial Information

Juan Felipe Sierram, El Mundo (Medellín) April 19, 2006 Pg. A-4
The exhibition of the new Colombian automotive market proposals has extended until April 29th. [1]

Business Strategy

Political and Public Influence

Political Contributions

Lobbying

Corporate Accountability

Labor

Human Rights

Environment

Consumer Protection and Product Safety

Anti-Trust and Tax Practices

Social Responsibility Initiatives

Business Scope

Contact Information

SOFASA Production Plant
Carrera 49 # 39 Sur - 100
Envigado, Antioquia
Tel: +57-4-276-0022

SOFASA Administration and Commerce
Carretera Central del Norte
Kilómetro 17
Chía, Cundinamarca
Tel: +57-1-676-0108

Resources

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