Votorantim Group
Encyclopedia
Votorantim Group is one of the largest industrial conglomerates in Latin America
, operating in various sectors such as finance
, energy
, siderurgy, steel
, pulp and paper
among others. The group is represented by different holdings administering the brands of each sector, they are:
Votorantim is a family-controlled company. It was founded in 1919 by José Ermírio de Moraes, an engineer from Pernambuco
. Its model of corporate governance assures the Ermírio Morais family strategic controlling positions in the Executive Board, the Brazilian businessman Antônio Ermírio de Moraes
is the representative of the family in company, and it has non-family professionals at the forefront of the Business Units. The company is proud to have been recognized by the IMD Business School and Lombard Odier Darier Hentsch Bank as the world’s best family company in 2005.
The Votorantim Group is the only closed-capital Brazilian company rated by the three main rating agencies in the world: Standard & Poors, Fitch Ratings
and Moody's
.
In February 2010, the Votorantim Group purchased through its subsidiary Votorantim Cimentos
21.2% of Portuguese cement company Cimpor
.Votorantim Group purchase 17.3% of French cement company Lafarge
, 3.9% of Portuguese Cinveste. Cimpor began to be played by the Brazilian siderurgy company CSN
and the conglomerate Camargo Corrêa
, that offered a hostile bid to hold 100% of the shares, but shareholds of Cimpor of rejected the offer to sell 100% of the company and thus the Votorantim Group was able to buy a stake in the Portuguese company. But on February 10 from the Camargo Corrêa impressed and bought 28.6% of Cimpor.
Latin America
Latin America is a region of the Americas where Romance languages – particularly Spanish and Portuguese, and variably French – are primarily spoken. Latin America has an area of approximately 21,069,500 km² , almost 3.9% of the Earth's surface or 14.1% of its land surface area...
, operating in various sectors such as finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
, energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
, siderurgy, steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
, pulp and paper
Pulp and Paper
Pulp and Paper is the name of the largest United States-based trade magazine for the pulp and paper industry. See also: Paper engineering, Pulp and Paper Merit Badge...
among others. The group is represented by different holdings administering the brands of each sector, they are:
- AtacochaAtacochaAtacocha is a Peruvian mining company engaged in the exploration and exploitation of mine concessions. It operates a treatment plant and a mining camp, which are located in the districts of San Francisco de Asis de Yurusyacan and Yanacancha, province of Pasco.The company's activities include the...
- MiningMiningMining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock... - Banco VotorantimBanco VotorantimBanco Votorantim is the seventhe largest bank in Brazil. It operates in the wholesale, retail, treasury, asset management and brokerage fields, and was founded in 1988...
- FinanceFinance"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created... - Companhia Brasileira de AluminioCompanhia Brasileira de AluminioCompanhia Brasileira de Aluminio CBA is the largest aluminium producer in Brazil having a total annual production of around 480,000 tonnes.It is headquartered in the city of São Paulo.- History :...
- AluminiumAluminiumAluminium or aluminum is a silvery white member of the boron group of chemical elements. It has the symbol Al, and its atomic number is 13. It is not soluble in water under normal circumstances.... - CitrovitaCitrovitaCitrovita is a leading global producer of orange juice concentrate, with about 16% of the product market. All its production is exported to over 75 countries on five continents...
- AgribusinessAgribusinessIn agriculture, agribusiness is a generic term for the various businesses involved in food production, including farming and contract farming, seed supply, agrichemicals, farm machinery, wholesale and distribution, processing, marketing, and retail sales.... - FibriaFibriaFibria Celulose is a Brazilian pulp and paper company created by a merger between Aracruz and VCP, born positioned as a global leader in pulp, with production capacity exceeding 6 million tons of pulp and paper produced in 7 factories distributed in 5 Brazilian states. Much of this production is...
- Pulp and paperPulp and PaperPulp and Paper is the name of the largest United States-based trade magazine for the pulp and paper industry. See also: Paper engineering, Pulp and Paper Merit Badge... - MilpoMilpo (Mining company)Milpo is a Peruvian mining company headquartered in Lima and listed in Lima Stock Exchange. The company was founded in 1949.It's engaged in the exploration and exploitation of mining claims, as well as in the extraction, concentration and sale of zinc, copper, lead, silver and gold...
- MiningMiningMining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock... - Nitro QuímicaNitro QuímicaNitro Química is a chemical company controlled by Votorantim Group, one of biggest Brazilian conglomerates. Was founded in 1935 and is based in São Paulo....
- Chemicals - Votorantim CimentosVotorantim CimentosVotorantim Cimentos is the largest cement company of Brazil and one of the 10 largest in the world, the company was founded in 1933 and is headquartered in São Paulo.In February of 2010 the Votorantim Cimentos acquired 17,28% of the portuguese cement company Cimpor....
- CementCementIn the most general sense of the word, a cement is a binder, a substance that sets and hardens independently, and can bind other materials together. The word "cement" traces to the Romans, who used the term opus caementicium to describe masonry resembling modern concrete that was made from crushed... - Votorantim EnergiaVotorantim EnergiaVotorantim Energia is a Brazilian energy company part of conglomerate Votorantim Group. It was created in 1996 as part of the management of the Votorantim Group...
- EnergyEnergyIn physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems... - Votorantim MetaisVotorantim MetaisVotorantim Metais is a Brazilian Mining company subisidiary of the Brazilian comglomerate Votorantim Group. Was founded in 1981 and is based in São Paulo...
- MiningMiningMining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock... - Votorantim SiderurgiaVotorantim SiderurgiaVotorantim Siderurgia is a steel company created in 2008 by Brazilian conglomerate Votorantim Group. At the time it was created, the company had 5,300 employees and operations in Brazil, Argentina, and Colombia and installed capacity of 2.45 million tonnes per year. The company controls three...
- Siderurgy - VNNVotorantim Novos NegóciosVNN is a Venture Capital and Private Equity company belonging to Votorantim Group. The company its based in São Paulo and currently has investments in eight companies: Amyris Biotech, Anfreixo, Base Metals, Moksha8, Nitro Química, Quadrem and SAM....
- Votorantim Novos Negócios - Private EquityPrivate equityPrivate equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
, Venture CapitalVenture capitalVenture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
Votorantim is a family-controlled company. It was founded in 1919 by José Ermírio de Moraes, an engineer from Pernambuco
Pernambuco
Pernambuco is a state of Brazil, located in the Northeast region of the country. To the north are the states of Paraíba and Ceará, to the west is Piauí, to the south are Alagoas and Bahia, and to the east is the Atlantic Ocean. There are about of beaches, some of the most beautiful in the...
. Its model of corporate governance assures the Ermírio Morais family strategic controlling positions in the Executive Board, the Brazilian businessman Antônio Ermírio de Moraes
Antônio Ermírio de Moraes
Antônio Ermírio de Moraes is a Brazilian businessman who is the chairman of the Votorantim Group; one of the country's largest companies, specialized in metals, paper, cement and frozen orange juice...
is the representative of the family in company, and it has non-family professionals at the forefront of the Business Units. The company is proud to have been recognized by the IMD Business School and Lombard Odier Darier Hentsch Bank as the world’s best family company in 2005.
The Votorantim Group is the only closed-capital Brazilian company rated by the three main rating agencies in the world: Standard & Poors, Fitch Ratings
Fitch Ratings
The Fitch Group is a majority-owned subsidiary of FIMALAC, headquartered in Paris. Fitch Ratings, Fitch Solutions and Algorithmics, are part of the Fitch Group....
and Moody's
Moody's
Moody's Corporation is the holding company for Moody's Analytics and Moody's Investors Service, a credit rating agency which performs international financial research and analysis on commercial and government entities. The company also ranks the credit-worthiness of borrowers using a standardized...
.
In February 2010, the Votorantim Group purchased through its subsidiary Votorantim Cimentos
Votorantim Cimentos
Votorantim Cimentos is the largest cement company of Brazil and one of the 10 largest in the world, the company was founded in 1933 and is headquartered in São Paulo.In February of 2010 the Votorantim Cimentos acquired 17,28% of the portuguese cement company Cimpor....
21.2% of Portuguese cement company Cimpor
Cimpor
Cimpor - Cimentos de Portugal is the largest Portuguese cement group, operating in eleven countries - Portugal, Spain, Morocco, Brazil, Tunisia, Turkey, Cape Verde, Mozambique, China, Egypt and South Africa, involved in manufacturing and marketing cement, hydraulic lime, concrete and aggregates,...
.Votorantim Group purchase 17.3% of French cement company Lafarge
Lafarge
Lafarge is a French industrial company specialising in four major products: cement, construction aggregates, concrete and gypsum wallboard. In 2010 the company was the world's second-largest cement manufacturer by mass shipped behind Holcim.-History:...
, 3.9% of Portuguese Cinveste. Cimpor began to be played by the Brazilian siderurgy company CSN
Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional is the second major steel-maker company in Brazil. Its main plant is located in the city of Volta Redonda, in the state of Rio de Janeiro...
and the conglomerate Camargo Corrêa
Camargo Corrêa
Camargo Corrêa is one of the biggest Brazilian private conglomerates, composed of publicly traded and closed companies, and shared management, operating in Brazil and in more than 20 countries...
, that offered a hostile bid to hold 100% of the shares, but shareholds of Cimpor of rejected the offer to sell 100% of the company and thus the Votorantim Group was able to buy a stake in the Portuguese company. But on February 10 from the Camargo Corrêa impressed and bought 28.6% of Cimpor.