Tigre S.A. Tubos, Conexiones y Cables

What it is

Tigre is the largest producer of pipes and fittings in Latin America — a Brazilian multinational that has operated in Bolivia since 2000. In Bolivia the business trades under the Plasmar name and covers water supply, sewerage, irrigation, electrification, telecoms and civil construction.

Operations span two factories — one in Santa Cruz de la Sierra, one in El Alto — plus a customer-service centre in La Paz. Combined, the two plants turn out more than 2,000 tonnes of product a month.

Who owns it

The group was founded in 1941 by the Brazilian entrepreneur João Hansen Júnior, starting with plastic combs and fans before pivoting to PVC pipes and fittings. The Bolivian entity — originally the independent company Plasmar S.A. — was acquired by Grupo Tigre as part of its Latin American expansion.

Plasmar S.A. is primarily engaged in PVC manufacturing and is part of Grupo Tigre, which operates mainly in Bolivia, Brazil, Argentina, Chile and Paraguay. The exact percentage held by the Brazilian parent in the Bolivian listed entity is not disclosed in available public BBV or ASFI filings; only the parent’s identity, not a precise stake, is confirmed in sources that are publicly accessible.

Who runs it

At a board meeting on 1 July 2024, following the ordinary shareholders’ assembly of 28 June 2024, Carlos Eduardo Teruel was confirmed as Chairman of the Board (Presidente del Directorio). Cristian Landa serves as Director of International Business for Latin America at Grupo Tigre, and is the public face of Bolivia’s export push.

The names of a separate Chief Executive Officer or Chief Financial Officer for the Bolivian entity are not disclosed in the ASFI or BBV filings reviewed; Bolivian market-value disclosure rules (ASFI Ley N° 1834 del Mercado de Valores) require periodic financial statements and an annual report but do not mandate public disclosure of below-board management names in headline registry filings.

The money, in plain words

Not published: The BBV’s “Estados Financieros y Memorias por Emisor” page (bbv.com.bo/EEFFEmisores) and the ASFI registry page for TIG (appweb.asfi.gob.bo, reference code 51860) were both accessed during research but returned no downloadable financials; both primary servers timed out. EMIS holds audited financial data through 2025 behind a paywall.

No annual revenue, net profit, total assets, return on equity, or dividend figure could therefore be verified from a primary source and none is reproduced here. Under ASFI’s Reglamento del Registro del Mercado de Valores, listed issuers must file monthly, quarterly and audited annual financial statements — meaning the data exist and are lodged with ASFI, but were not retrievable in a public-facing format at the time of writing.

EMIS’s headline indicator for Q1 2026 shows net sales revenue up 115.92% year-on-year — a striking acceleration, though the base figures behind that percentage remain behind the EMIS paywall and cannot be independently verified.

What it is doing now

With an investment of more than US$3 million and a 48% share of Bolivia’s domestic market, Tigre is positioning Bolivia as a strategic industrial hub for Latin America, with plans to raise exports of cables and pipes to 10% of output. It is also the first and only company in Bolivia to earn IBNORCA certification for its copper-cable line, certifying compliance with Bolivian and international technical standards.

Between 2023 and 2024 Tigre invested US$3 million in capacity expansion, line modernisation, logistics and quality control, opening the door to exports of copper cables, PVC pipes, and potentially aluminium cables to Argentina. The Santa Cruz and El Alto plants are already supplying northern Argentina and southern Peru as well as the Bolivian home market.

What to watch

• Export ramp-up. Export share currently stands at about 5% of output; the target is to double it to 10% by end-2025. Whether Bolivia’s logistical constraints allow that pace is the central execution risk.
• Bolivian macro pressure. Inflation in Bolivia reached 9.97% in 2024 — the highest in nearly a decade — squeezing input costs for any manufacturer buying imported raw materials in a dollar-scarce environment.
• Disclosure gap. For a listed issuer, the absence of publicly accessible financial statements is itself a watch item; any improvement in BBV digital access would let investors price the shares with far greater confidence.
• Group strategy. Grupo Tigre runs 11 plants in Brazil and 12 abroad, including two in Bolivia; any shift in group capital allocation — toward or away from the Andean region — flows directly to the Bolivian entity.

This is news, not investment advice.