Context: How Bolsa de Valores de Caracas works, and what it makes issuers disclose · Venezuela on the LatAm Power Map
Venezuela’s oldest listed paint maker — the company whose products coat the walls and roads of a country trying to rebuild — still trades on the Caracas bourse, a survivor where most private industrial groups did not.
| Full name | Corimon, C.A. S.A.C.A. |
|---|---|
| Ticker / Exchange | CRM.A — Bolsa de Valores de Caracas (BVC); IBC index |
| Headquarters | Calle Hans Neumann, Los Cortijos de Lourdes, Caracas, Venezuela |
| Sector | Paints, resins, flexible packaging & inks (industrial chemicals) |
| Employees | ~1,300 (last reported publicly, c. 2015; current figure not published) |
| Shares outstanding | 183,930,796 (BVC, January 2026) |
| Market value (market cap) | ~99.1 billion VES / ~$140 million USD (our calculation: 183,930,796 shares × ~539 VES, July 2026) |
| Yearly sales (revenue) | Not published: see financial-disclosure note below |
| Net profit | Not published: see financial-disclosure note below |
| Net margin | Not published |
| Return on equity | Not published |
| Price-to-earnings | Not published |
| Dividend yield | Not published for current period |
| Website | corimon.com (under maintenance, July 2026) |
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What it is
Corimon is a Venezuelan chemical company, founded in 1949, engaged in the manufacture, distribution and sale of paints, resins, packaging materials and ink. It is Venezuela’s dominant paint group — the company behind the Montana brand that covers homes, roads and factories across the country.
Its main subsidiaries are Corimon Pinturas C.A. (architectural, industrial, marine and automotive paints), RESIMON C.A.
(synthetic resins and chemical derivatives), Montana Gráfica C.A. (flexible packaging and rotogravure printing), Cerdex C.A.
(painter tools and brushes), and Tiendas Montana C.A. (a retail paint-store network).
In short, the group makes the paint, the chemicals in it, the packaging for consumer goods, and the stores that sell it all — a tightly integrated chain.
Who owns it
Corimon was founded in 1949 by Hans Neumann, Lotar Neumann, Patrick Pick and Jaroslav Špaček — a group of Czechoslovak émigrés who rebuilt their Prague paint business in Venezuela after the Second World War. The Neumann name still marks the street where the company stands.
A fund linked to the Cisneros family acquired a majority stake in the publicly listed paint maker. Since 1996 the group had been presided over by businessman Carlos Gill Ramírez.
Not published: the precise current ownership percentages and free-float split are not disclosed in the BVC filings page, SUNAVAL’s 2024 Annual Market Report, or the company’s investor-relations pages as accessed for this profile; Venezuelan securities law (Ley de Mercado de Valores, Article 56) requires disclosure of stakes above 10%, but those disclosures are held in SUNAVAL’s registry, which is not publicly searchable online.
Who runs it
Esteban Szekely was named as Corimon’s chief executive officer in a 2021 report; whether he remains in post is not confirmed by a more recent primary filing. The company called an extraordinary shareholders meeting on 17 November 2025, suggesting active board governance, but the minutes naming current directors are behind the BVC’s paid-login wall.
Not published: the names of the current CFO, board chair and individual directors are not available on any freely accessible primary source — the BVC filings page requires a paid subscription to download the relevant minutes, and the company website is currently offline for maintenance.
The money, in plain words
The most recent set of consolidated financial statements covers the year ended 31 March 2025 and is available as a PDF on the company’s website. However, both the company’s website (currently showing a maintenance page) and the BVC’s filing page (behind a subscription paywall) prevent public access to the actual figures at the time of writing.
Not published: revenue, net profit, net margin, return on equity and the price-to-earnings ratio for the fiscal year ended 31 March 2025 cannot be extracted from the audited statements at this time. The primary sources opened — corimon.com/estados-financieros-2026, bolsadecaracas.com’s Corimon filings page, and SUNAVAL’s 2024 annual market report — confirm that the statements exist and were filed, but do not reproduce the income-statement figures.
Venezuela’s Ley de Mercado de Valores requires listed companies to file audited annual accounts with SUNAVAL and the BVC within 90 days of fiscal year-end; Corimon appears to comply, but SUNAVAL does not make individual company filings freely searchable online. What can be calculated: the company’s current stock-market value — the price investors collectively put on it today — is roughly 99 billion bolívares, or about $140 million USD (our calculation: 183,930,796 shares × ~539 VES ÷ 707.92 VES/USD, BVC data, July 2026).
What it is doing now
Corimon is listed on the IBC index of the Caracas Stock Exchange and is present in Venezuela and Trinidad and Tobago. The Caracas bourse showed notable growth in 2024, with total market capitalisation reaching $3.4 billion by year-end, a 58% rise on 2023.
Corimon, as one of the index’s industrial anchors, trades in that rising tide.
In 2023, Venezuela’s securities regulator approved a capital increase: 490 million new shares were issued, distributed to existing shareholders at three new shares for every one held — a stock split in economic effect, broadening the share base without raising fresh cash. The company’s shares have been listed on the BVC since 1979, and in 1993 it became the first Venezuelan company to list American depositary receipts on the New York Stock Exchange.
What to watch
- Financial transparency: The full income statement for FY March 2025 is filed but not freely accessible; the moment it surfaces publicly, investors will get their first clear read on margin recovery in a hyperinflationary economy.
- Ownership clarity: The Cisneros-linked fund’s majority position has never been precisely quantified in public filings; any regulatory disclosure of the exact stake would be a significant data point.
- Venezuela macro: Venezuela’s economy in 2024 reflected a recovery driven partly by a rebound in the oil sector and rising domestic consumption — the conditions that feed demand for construction paint and industrial coatings.
- BVC market momentum: The Caracas exchange rose 106% in 2024, placing it second among Latin American bourses by return — a context that inflates Corimon’s bolívar share price but does not yet guarantee improved operating profits.
- Website restoration: The company site is under maintenance; when it comes back up, investor-relations documents including the March 2025 financial statements should become freely accessible.
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Sources
- Corimon C.A. — Estados Financieros Consolidados 31 de marzo de 2025 (company investor-relations page, accessed July 2026)
- Bolsa de Valores de Caracas — Corimon financial filings page (exchange listing, accessed July 2026)
- BVC — Corimon Hecho de Importancia: Aumento de Capital Social (exchange disclosure, March 2023)
- BVC — Acciones en Circulación, January 2026 (shares outstanding data)
- SUNAVAL — Informe Anual del Mercado de Valores 2024 (national securities regulator annual report)
- Wikipedia — Corimon (founding history and founders)
- Corimon — Para los Accionistas (shareholder notices and assembly minutes)
- Poderopedia Venezuela — Grupo Corimon (corporate governance history)
- Market data: Bolsa de Valores de Caracas live feed (CRM.A, ~539 VES, July 2026); FX rate 1 USD = 707.9193 VES as provided.
This is news, not investment advice.
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