Corticeira Amorim SGPS S A : Celebrating 150 years in Australia
December 03, 2020 at 06:45 am EST
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In January 2020, Amorim began a series of exciting initiatives to celebrate the Group's 150th anniversary. At the same time, our Australian sales company, Amorim Australasia, was making a significant move to a purpose-developed facility; the first in the world to adopt and showcase the company's new branding.
As the year progressed, many of the planned celebrations had to be put on hold and the Group's resilience was tested, but Amorim Australasia was able to harness its new capacity and defy market trends by delivering what will be a record result for the business unit.
To celebrate the move, the remarkable year of 2020 and the Group's 150th Anniversary, the team at Amorim Australasia have planted two cork trees. These trees are symbolically significant, representing new beginnings in our new premises, and our inherent ties to Portugal, resilience and pride.
One tree has been planted at the front of the building, provided with occasional shade from the Australian and Portuguese flags which fly proudly next to it. The other tree stands in the light-filled foyer of the new building, in a purpose-built cork-clad planter. One embraces nature, the land and the climate, whereas the other is controlled in a modern context. Both trees are already a talking point for visitors to the site and help tell the beautiful story of cork and its origins as well as its evolution in terms of quality performance.
Amorim Australasia's CEO, Tim Stead commented 'Whilst we are on the other side of the world from our headquarters in Portugal, we felt it was important to mark this historic year for the Group. Planting a tree is a broadly used symbolic nod to the future and new beginnings, but a cork tree represents so much more, in terms of patience, determination, longevity and history. These slow growing, resilient trees and their generous gift of cork bark are well aligned with our journey in this market which at times has tested our resolve. We are now thriving, nourished by the embrace of our market, bringing value and sustainability to our industry.'
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Corticeira Amorim SGPS SA published this content on 03 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2020 11:44:01 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 985.5 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 (75.9%), Composite Cork (12%), Floor and Wall Coverings (9.1), Insulation Cork (1.6%) and Raw Materials (1.4%).
Net sales are distributed geographically as follows: Portugal 6.8%), EU excluding Portugal (61.8%), Other European countries (2%), the United States (16.4%), America excluding the United States (6.5%), Australasia (5.1%) 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.