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Corticeira Amorim
Corticeira Amorim S.G.P.S., S.A., is a Portuguese subholding company belonging to the Amorim Group and claims to have been the world leader in the cork industry for over 130 years, with operations in hundreds of countries all over the world. Corticeira Amorim is responsible for the management of 70 companies engaged in the cork manufacture, research, development, promotion and sale of products and new solutions for the cork industry. António Rios de Amorim is the company’s Chairman and CEO. Organized in five Business Units – Raw-Materials, Cork Stoppers, Floor & Wall Coverings, Composite Cork and Insulation Cork – Corticeira Amorim sells an array of products largely to such industries as the aeronautical, construction and wine-producing industries; a result of the investment made in R&D. Amorim's holding company is listed on the Euronext Lisbon stock exchange. Company The company’s share capital is €133 million. In 2007, Corticeira Amorim registered a positive growth ...
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Portugal
Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of the Azores and Madeira. It features the westernmost point in continental Europe, and its Iberian portion is bordered to the west and south by the Atlantic Ocean and to the north and east by Spain, the sole country to have a land border with Portugal. Its two archipelagos form two autonomous regions with their own regional governments. Lisbon is the capital and largest city by population. Portugal is the oldest continuously existing nation state on the Iberian Peninsula and one of the oldest in Europe, its territory having been continuously settled, invaded and fought over since prehistoric times. It was inhabited by pre-Celtic and Celtic peoples who had contact with Phoenicians and Ancient Greek traders, it was ruled by the Ro ...
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Hidden Champions
Hidden champions are relatively small but highly successful companies that are concealed behind a curtain of inconspicuousness, invisibility, and sometimes secrecy. The term was coined by Hermann Simon. He first used the term as a title of a publication in a scientific German management journal, describing the small, highly specialized world-market leaders in Germany. According to his definition, a company must meet three criteria to be considered a hidden champion: * Number one, two, or three in the global market, or number one on the company's continent, determined by market share * Revenue below $5 billion * Low level of public awareness Discovering hidden champions The first English book about the subject was Hermann Simon's ''Hidden champions: lessons from 500 of the world's best unknown companies''. The book explores how Germany was able to consistently be (at the time) the number one exporter in the world. While Germany has global corporations like Volkswagen, Siemens, B ...
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Companies Listed On Euronext Lisbon
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Forest Products Companies Of Portugal
A forest is an area of land dominated by trees. Hundreds of definitions of forest are used throughout the world, incorporating factors such as tree density, tree height, land use, legal standing, and ecological function. The United Nations' Food and Agriculture Organization (FAO) defines a forest as, "Land spanning more than 0.5 hectares with trees higher than 5 meters and a canopy cover of more than 10 percent, or trees able to reach these thresholds ''in situ''. It does not include land that is predominantly under agricultural or urban use." Using this definition, '' Global Forest Resources Assessment 2020'' (FRA 2020) found that forests covered , or approximately 31 percent of the world's land area in 2020. Forests are the predominant terrestrial ecosystem of Earth, and are found around the globe. More than half of the world's forests are found in only five countries (Brazil, Canada, China, Russia, and the United States). The largest share of forests (45 percent) are in th ...
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Cork Oak
''Quercus suber'', commonly called the cork oak, is a medium-sized, evergreen oak tree in the section ''Quercus'' sect. ''Cerris''. It is the primary source of cork for wine bottle stoppers and other uses, such as cork flooring and as the cores of cricket balls. It is native to southwest Europe and northwest Africa. In the Mediterranean basin the tree is an ancient species with fossil remnants dating back to the Tertiary period. It endures drought and makes little demand on the soil quality and is regarded as a defence against desertification. Cork oak forests are home to a multitude of animal and plant species. Since cork is increasingly being displaced by other materials as a bottle cap, these forests are at risk as part of the cultural landscape and animal species such as the Iberian lynx are threatened with extinction. Description General appearance and bark The cork oak grows as an evergreen tree, reaching an average height of or in rare cases up to 25 m and a tru ...
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PSI-20
The PSI-20 (an acronym of Portuguese Stock Index) is a benchmark stock market index of companies that trade on Euronext Lisbon, the main stock exchange of Portugal. The index tracks the prices of the twenty listings with the largest market capitalisation and share turnover in the PSI Geral, the general stock market of the Lisbon exchange. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Brussels' BEL20, Paris's CAC 40 and Amsterdam's AEX. History The PSI-20 was initiated on 31 December 1992 with a base value of 3,000 index points. The index experienced considerably more volatility than the world's main financial markets between 1998 and 2000, caused by uncertainty in the world's emerging markets: a sharp increase of over 50% in the PSI-20's value in the first four months of 1998 was followed by a decline of similar magnitude between July and October of that year. Another price surge sparked at the tail end of 1999 peaked wit ...
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Américo Amorim
Américo Ferreira Amorim (21 July 1934 – 13 July 2017) was a Portuguese billionaire businessman, and a 50% owner of Corticeira Amorim, founded by his grandfather. He was the richest person in Portugal at the time of his death with a fortune estimated of $4.8 billion. Early life Amorim was born in Mozelos (Santa Maria da Feira), Mozelos in 1934, the fifth of eight children of Américo Alves Amorim, into a "modest family". Career He owned a 50% interest in Corticeira Amorim, founded by his grandfather in 1870, and the world's largest producer of cork (material), cork, with $650 million in sales. He had interests in finance and energy. In 2005, he and Isabel dos Santos established Angola's Banco Internacional de Credito (BIC). On 22 April 2008, Banco BIC Portugal began its operations in Lisbon with the same ownership structure as Banco BIC Angola. In 2008, BIC Angola was the fourth largest in Angola behind only Banco Popular de Crédito, Banco Africano de Investimento, and Banco F ...
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Port Wine
Port wine (also known as vinho do Porto, , or simply port) is a Portuguese fortified wine produced in the Douro Valley of northern Portugal. It is typically a sweet red wine, often served with dessert, although it also comes in dry, semi-dry, and white varieties. Other port-style fortified wines are produced outside Portugalin Argentina, Australia, Canada, France, India, South Africa, Spain, and the United Statesbut under the European Union Protected Designation of Origin guidelines, only wines from Portugal are allowed to be labelled "port". Region and production Port is produced from grapes grown and processed in the demarcated Douro region.Porter, Darwin & Danforth Price (2000) ''Frommer's Portugal'' 16th ed., p. 402. IDG Books Worldwide, Inc. The wine produced is then fortified by the addition of a neutral grape spirit known as aguardente to stop the fermentation, leaving residual sugar in the wine, and to boost the alcohol content. The fortification spirit is ...
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Sustainability
Specific definitions of sustainability are difficult to agree on and have varied in the literature and over time. The concept of sustainability can be used to guide decisions at the global, national, and individual levels (e.g. sustainable living). Sustainability is commonly described as having three dimensions (also called pillars): environmental, economic, and social. Many publications state that the environmental dimension (also called "planetary integrity" or "ecological integrity") is the most important, and, in everyday usage, "sustainability" is often focused on countering major environmental problems, such as climate change, loss of biodiversity, loss of ecosystem services, land degradation, and air and water pollution. Humanity is now exceeding several "planetary boundaries". A closely related concept is that of sustainable development, and the terms are often used synonymously. However, UNESCO distinguishes the two thus: "''Sustainability'' is often thought of as a lon ...
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Hermann Simon (manager)
Hermann Simon (born 10 February 1947) is a German author and businessperson. He is chairman of Simon-Kucher & Partners, a strategy and marketing consultancy. He is a strategy, marketing and pricing consultant. An ongoing online German-language survey voted him the second-most influential management thinker. Simon has authored numerous books and writes articles for international newspapers and business magazines. Short biography * 1947 Born in Hasborn/ Eifel, Germany * 1966 High School leaving A-levels certificate, Cusanus High School, Wittlich * 1967-1969 German Air Force, fighter bomber squadron 33, reserve officer * 1969-1973 Studies of economics and business administration in Cologne and Bonn * 1974-1979 Ph.D. and qualification as a university professor under Horst Albach in Bonn * 1979-1989 Professor at the University of Bielefeld * 1989-1995 Professor at the University of Mainz * 1983-2002 Various guest professorships and visiting researcher positions: Massachusetts Insti ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ...
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Share Capital
A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capital" may also denote the number and types of shares that compose a corporation's share structure. Definition In accounting, the share capital of a corporation is the nominal value of issued shares (that is, the sum of their par values, sometimes indicated on share certificates). If the allocation price of shares is greater than the par value, as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid-in capital or paid-in capital in excess of par). Commonly, the share capital is the total of the nominal share capital and the premium share capital. Most jurisdictions do not allow a company to issue shares below par value, but if permitted they are said to be issued at a discount or part- ...
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