Corticeira Amorim SGPS SA (Corticeira Amorim) is a Portugal-based holding company engaged in the cork industry. The Company organizes its activities into five business divisions: Raw Materials, Cork Stoppers, Coverings, Cork Composites and Isolations. In the Raw Materials division, the Company is active in the purchase, storage and initial preparation of cork.
The Cork Stoppers division produces and supplies various types of bottle caps, mainly for the wine industry. The Coverings division is active in the production of cork-based laminates.
The Cork Composites and the Isolations units produce thermal, acoustic and anti-vibration insulation products, among others. The Company and its subsidiaries operate in Portugal, Spain, Tunisia, the United States, Australia, Germany, China, Italy, Argentina, France and Netherlands, among others.
As of December 31, 2011, Amorim Capital SGPS SA held a 76.56% stake in the Company.
The Amorim Group is one of the largest, most entrepreneurial and dynamic multinationals of Portuguese origin. Its origins were in the cork business, back in 1870 and today it is the world leader in the sector.Guided by a vision of sustained growth, under the leadership of the entrepreneur Américo Amorim since 1952, the Group has engaged in the diversification of its business in sectors and geographical areas with high growth potential. In the 1960s, the process to vertically integrate the cork business and internationalise activities began.
Maintaining the family hallmark, the Amorim Group currently boasts a consolidated position in dozens of companies throughout the five continents and in a wide range of economic areas. From cork, through Corticeira Amorim, to textiles, through the centenary Gierlings Velpor - specialised in velvet and technical textiles -, to wine production and wine tourism.
In this regard, the passion for regional products from the Douro must be highlighted, which is reflected in the refurbishment and operation of Quinta de Nossa Senhora do Carmo. Here, the Group developed a completely integrated and innovative project, which embraces the production of quality natural products, such as Port Wine and table wines, olive oil as well as traditional gourmet products. Since 2005, this project has taken on a new dimension, with the opening of the Quinta Nova de Nossa Senhora do Carmo Rural Hotel, the first wine hotel in Portugal, which has received numerous awards to date.
In this regard, the passion for regional products from the Douro must be highlighted, which is reflected in the refurbishment and operation of Quinta de Nossa Senhora do Carmo. Here, the Group developed a completely integrated and innovative project, which embraces the production of quality natural products, such as Port Wine and table wines, olive oil as well as traditional gourmet products. Since 2005, this project has taken on a new dimension, with the opening of the Quinta Nova de Nossa Senhora do Carmo Rural Hotel, the first wine hotel in Portugal, which has received numerous awards to date.Always with the mission to respect the principles of economic, social and environmental development, the Amorim Group continues to be founded on the same principles on which it built its empire - entrepreneurial vision, responsibility, diligence, creativity and innovation. As well as in the mission to distinguish itself for its excellence, both in terms of management and products and services. A desire that is contagious and fuels the enthusiasm of the youngest generation - the fourth - involved in the family business.
Source: Reuters.com
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