- Business
- Invercap S.A. is a Chile-based investment holding company primarily engaged in the steel and mining industries. Founded in 1994 and headquartered in Santiago, Chile, Invercap focuses on the production, processing, and sale of steel products as well as iron mining. The company holds a controlling interest in CAP S.A., the leading iron and steel producer in Chile, which itself controls subsidiaries including CINTAC S.A. and INTASA S.A. Invercap's steel product portfolio includes pipes, open profiles, galvanized profiles, and building system lines under brands like Steel House and Metalcom, with CINTAC also extending operations into Peru.
Strategically, Invercap has expanded its business scope beyond mining and steel into renewable energy since 2006, actively developing medium-sized hydroelectric power projects. A notable recent business development includes the sale of four run-of-river hydropower assets in southern Chile to EnfraGen, reflecting a strategic repositioning in the energy transition sector. Furthermore, Invercap acquired an additional 6.8% minority stake in CAP S.A. for approximately $110 million, underscoring its commitment to consolidating its presence in the Chilean steel and mining market.
Invercap's operations span Chile, Argentina, and Peru, focusing on industrial sectors critical to infrastructure and economic growth in these regions. The company functions through a combination of direct and indirect investments, maintaining strong footholds in steel manufacturing and mining, as well as branching into real estate and renewable energy investments. Invercap's business structure emphasizes long-term value creation in its core sectors with ongoing operational improvements and asset portfolio optimization.
As of the latest information, Invercap had revenue of approximately $1.80 billion in 2024 with a decrease from previous years due to market conditions affecting the mining and steel sectors. It maintains a significant influence in Chile's iron and steel industry through its investments and operational subsidiaries while actively responding to global trends in renewable energy and sustainability.
In summary, Invercap S.A. operates as a diversified industrial holding company with core expertise in steel production, iron mining, and renewable energy development, primarily across Chile and neighboring countries. Recent strategic moves focus on expanding its renewable energy footprint and strengthening its controlling interest in CAP S.A., underlining its role as a key player in Chile's critical industrial sectors.