Corticeira Amorim: Extraordinary bonus awarded to the employees for the company’s 150th anniversary celebration
December 18, 2020 at 05:29 am EST
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Corticeira Amorim: Extraordinary bonus awarded to the employees for the company’s 150th anniversary celebration
15/12/2020
Corticeira Amorim celebrates its 150th anniversary in 2020, marking a long history that deserves to be honoured, regardless of the particularly difficult and unusual circumstances in which the company is currently operating.
Throughout this year, Corticeira Amorim has once again shown a commitment, dedication and special resilience that has enabled the company to perform remarkably amid all the demands and restraints of the current situation. It has been a difficult year of arduous challenges, but also, from the very beginning, a year marked by a strong determination to fulfil the company's enormous responsibility to the supply chains it services, particularly in the wine sector, by doing everything possible to maintain production and continue serving its customers.
And this year, as in every one of previous 149 years, our employees made the difference. Their response during the Covid-19 pandemic has been exceptional, ensuring, even during the most difficult times, normal levels of business and customer support. Their attitude, initiative and perseverance have characterised the past and the present of the company, and will certainly characterise its future.
In celebrating these 150 years, the Board of Directors decided to award the employees of the Corticeira Amorim Group an extraordinary bonus in the form of a fixed sum, regardless of the duties they perform. In doing this, the Board wishes to express its heartfelt thanks to the Group's employees and its sincere recognition of all they contribute to building the success of the company on a daily basis.
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Corticeira Amorim SGPS SA published this content on 15 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 December 2020 10:28:00 UTC
Tracing its roots back to the 19th century, Corticeira Amorim, SGPS, S.A. has become the world's largest cork and cork-derived company in the world, generating more than EUR 1,021 million in sales to more than 100 countries through a network of dozens of fully owned subsidiaries. With a multi-million Euro R&D investment per year, Corticeira Amorim, SGPS, S.A. has applied its specialist knowledge to this centuries-old traditional culture, developing a vast portfolio of products, solutions and materials that are used by blue-chip clients in industries as diverse and demanding as wines & spirits, aerospace, automotive, construction, sports, architecture and design.
Net sales by business unit break down between Cork Stoppers (72.8%), Floor and Wall Coverings (12.5%), Composite Cork (12%), Insulation Cork (1.4%) and Raw Materials (1.4%).
Net sales are distributed geographically as follows: Portugal (7.5%), EU excluding Portugal (62.6%), Other European countries (2.4%), the United States (14.6%), America excluding the United States (7%), Australasia (4.5%) and Africa (1.4%).
Corticeira Amorim, SGPS, S.A.'s responsible approach to raw materials and sustainable production illustrates the remarkable interdependence between industry and a vital ecosystem - one of the world's most balanced examples of social, economic and environmental development.
CORTICEIRA AMORIM, SGPS, S.A. 
