Portucel Soporcel Group
 |
|
| Sociedade Anónima | |
| Traded as | Euronext: PTI |
| Industry | Pulp and paper |
| Founded | 2001 |
| Headquarters | Setúbal, Portugal |
|
Key people
|
Diogo da Silveira (CEO), Pedro Mendonça de Queiroz Pereira (Chairman) |
| Products | newsprint and writing paper; bleached kraft pulp; biomass; timber |
| Revenue | € 1.501 billion (2012) |
| € 286.2 million (2012) | |
| Profit | € 211.2 million (2012) |
| Total assets | € 2.724 billion (2012) |
| Total equity | € 1.480 billion (2012) |
|
Number of employees
|
2,278 (June 2012) |
| Parent | Semapa |
| Website | www |
The Navigator Company (formerly known as Portucel Soporcel Group) is a Portuguese pulp and paper company.
The Navigator Company has a productive capacity of 1.6 million tonnes of paper and 1.4 million tonnes of pulp, with 1,380 km2 of forest, and an annual turnover of over €1.5 billion (US$1.9 billion). The company uses eucalyptus as the prime raw material for the production of pulp and fine printing and writing paper. Portucel is Europe's largest producer of bleached eucalyptus kraft pulp. It is also one of the five largest European producers of uncoated wood-free paper.
Publicly traded on Euronext Lisbon, Portucel is controlled by the industrial conglomerate Semapa which owns almost 77% of its shares.
As part of the significant investment in the expansion and internationalization of its production activities, the “Portucel Soporcel Group” has taken the decision to change its corporate brand to “The Navigator Company”. This new corporate brand represents a union of companies with over 60 years of history, and presents a more modern and appealing image for one of the largest Portuguese multinational groups.
The company has its origins in the early 1950s, when the paper mill of Cacia, Baixo Vouga, started its operations. After the Carnation Revolution in 1974, the Portuguese paper industry was nationalized and became highly subsidized by State funds. Portucel Soporcel remained well after the privatization of the company to Semapa in 2004, as one of the largest beneficiaries of state business grants and incentives due to its strategic interest for both Portugal's exportation and local eucalyptus economies.
...
Wikipedia