Corticeira Amorim

Corticeira Amorim S.G.P.S., S.A., is a Portuguese subholding company belonging to the Amorim Group and claims to have been the world leader in the cork industry for over 130 years, with operations in hundreds of countries all over the world. Corticeira Amorim S.G.P.S., S.A. is responsible for the management of 70 companies engaged in the cork manufacture, research, development, promotion and sale of products and new solutions for the cork industry. António Rios de Amorim is the company’s Chairman and CEO. Organized in five Business Units – Raw-Materials, Cork Stoppers, Floor & Wall Coverings, Composite Cork and Insulation Cork - Corticeira Amorim sells an array of products largely to such industries as the aeronautical, construction and wine-producing industries; a result of the investment made in R&D. Amorim's holding company is listed on the Euronext Lisbon stock exchange.

The company’s share capital is € 133 million. In 2007, Corticeira Amorim registered a positive growth of 2.5% compared to 2006, with a turnover of € 453.8 million. Amorim performed fairly well in 2007 with operating profit increasing from € 20.1 million to € 23.2 million.

Corticeira Amorim is the world’s leading producer of natural cork wine closures, with over 3 billion units produced annually. About 80% of its cork products are manufactured in the Iberian Peninsula. In 2007, the total workforce of Corticeira Amorim was 3795; the company provided training programmes to its employees, achieving a total of 54,428 hours of training (an average of 14.3 hours per worker).

Portugal is the world’s top producer of cork and has the largest cork forest in the world. Cork products account for 2.3 percent of the total Portuguese exports. Approximately 17,000 people are employed in the country’s cork manufacturing industries, which process around 70 percent of the world’s cork. 90 percent of natural cork products manufactured in Portugal are sold for export.

...
Wikipedia