AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Votorantim Group

Votorantim Group
Company nameVotorantim Group
Company typePrivate
HeadquartersSão Paulo, Brazil
Area servedWorldwide
Key peopleAntônio Ermírio de Moraes, (Chairman)
Raul Calfat, (CEO)
ProductsEnergy, siderurgy, steel, finance, pulp and paper, cement, agribusiness
Revenue(+) US$ 21.1 Billion (2010)
Net income(+) US$ 2.9 Billion (2010)
Employees98.600 (2010)

     Home | Company | Votorantim Group

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:*Atacocha - Mining

*Banco Votorantim - Finance

* Companhia Brasileira de Aluminio - Aluminium

*Citrovita - Agribusiness

*Fibria - Pulp and paper

*Milpo - Mining

*Nitro Química - Chemicals

*Votorantim Cimentos - Cement

*Votorantim Energia - Energy

*Votorantim Metais - Mining

*Votorantim Siderurgia - Siderurgy

*VNN - Votorantim Novos Negócios - Private Equity, Venture Capital

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.

Warning: simplexml_load_file( [function.simplexml-load-file]: failed to open stream: HTTP request failed! HTTP/1.0 410 Gone in /home/askbio/public_html/index_bio.php on line 257

Warning: simplexml_load_file() [function.simplexml-load-file]: I/O warning : failed to load external entity "" in /home/askbio/public_html/index_bio.php on line 257

Fatal error: Call to a member function children() on a non-object in /home/askbio/public_html/index_bio.php on line 260