The Navigator Company
#4014
Rank
$2.72B
Marketcap
Portugal
Country
Mr. Antonio Jose Pereira Redondo (Chairman of Exec. Board, CEO & Exec. Director)
Mr. Jose Fernando Morais Carreira de Araujo (Member of Exec. Board & Exec. Director)
Mr. Nuno Miguel Moreira de Araujo dos Santos (Member of Exec. Board & Exec. Director)
Summary
History
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.
Portucel
Portucel began operations at the Cacia mill in 1953 producing raw pine pulp, and became a pioneer worldwide in 1957 when it introduced sulphate bleached eucalyptus pulp, at the kraft process, into its production.
In 1967, at the Setúbal mill, Inapa began its operations in a production unit integrated with Portucel, transforming pulp into paper that was sold throughout Europe.
Portucel bought Papéis Inapa in 2000, thus creating a strategic partnership of great importance in initiating the restructuring process of the pulp and the paper sector in Portugal. With the takeover of Soporcel in 2001, Portucel rebranded itself the Portucel Soporcel Group.
Soporcel
The Soporcel factory in Figueira da Foz, Portugal, was initially intended to be built in the Portuguese territory of Angola, by then an overseas province of Portugal. Due to the Carnation Revolution in Lisbon on 25 April 1974, the project which included both forestation and construction of industrial facilities in Angola, was delayed and changed. The factory would be installed some years later, in Portugal. Although it began operations in 1984 with the inauguration of the mill at Figueira da Foz, Soporcel had been constituted five years earlier. The first paper machine began working in the year 1991, and currently has a capacity of 350,000 tonnes/year.
The installation of the second paper machine , representing the most advanced technology in the sector, reinforced the position held by the Figueira da Foz mill in the European segment of the uncoated woodfree paper market.
Soporcel was acquired by Portucel in 2001, creating the Portucel Soporcel Group.
Mission
Vision
Key Team
Mr. Joao Paulo Araujo Oliveira (Member of Exec. Board & Exec. Director)
Mr. Joao Paulo Cabete Goncalves Le (Member of Exec. Board & Exec. Director)
Rui Pinto Duarte (Pres)
Ana Canha (Investor Relations Officer)
Mr. António Pedro Gomes Paula Neto Alves (Gen. Counsel & Company Sec.)
Rui Pedro Batista (Head of Communication & Brand)
António Quirino Soares (Head of the Supply Chain Board & Marketing Director)
Recognition and Awards
References
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Mr. Antonio Jose Pereira Redondo (Chairman of Exec. Board, CEO & Exec. Director)
Mr. Jose Fernando Morais Carreira de Araujo (Member of Exec. Board & Exec. Director)
Mr. Nuno Miguel Moreira de Araujo dos Santos (Member of Exec. Board & Exec. Director)