Votorantim Group

Votorantim Group is one of the largest industrial conglomerates in Latin America, operating in various sectors such as finance, energy, siderurgy, steel, among others.[3]

Votorantim Industrial S.A.
Private
IndustryConglomerate
Founded1918 in Votorantim, São Paulo
FounderJosé Ermírio de Morais 
HeadquartersSão Paulo, Brazil
Key people
Raul Calfat (Chairman)
João Miranda (CEO)
ProductsEnergy, siderurgy, steel, finance, pulp and paper, cement, agribusiness, aluminum, cellulose
Revenue US$ 8.2 billion (2017) [1]
US$ 244.4 million (2017) [2]
Number of employees
40.922
Websitewww.votorantim.com.br

History

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 was the representative of the family in the company. Non-family professionals are at the head of the Business Units. The company was recognized by the IMD Business School and Lombard Odier Darier Hentsch Bank as the world’s best family company in 2005.

Votorantim Group Headquarters, São Paulo.

In February 2010, the Votorantim Group purchased 21.2% of Portuguese cement company Cimpor (17.3% from French cement company Lafarge and 3.9% from Portuguese Cinveste) through its subsidiary Votorantim Cimentos. Brazilian company CSN and the conglomerate Camargo Corrêa were also attempting to buy Cimpor at the time.

Overview

Votorantim is a family-controlled company. 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.

Subsidiaries

The group is represented by different holdings administering the brands of each sector, they are:

Directors and management
  • Raul Calfat (Chairman)
  • João Miranda (CEO)
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References
  1. Votorantim 2010 revenues was R$29.5/US$ 17.6 Billion
  2. Votorantim Group net income jumps 1% in 2010 for R$4.9/USD2.9 Billion in 2010 fiscal year
  3. Votorantim Cimentos Pushes Brazil IPO Plans to $12.7 Billion April 17, 2013 Bloomberg.com


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