Votorantim S.A. is a permanently capitalized investment holding company, with a long-term investment approach. Its portfolio companies operate in 16 countries and in different economic sectors, as building materials, finance, aluminum, clean and renewable energy, metals and mining, orange juice, long steel, growth, real estate, and infrastructure.[citation needed]
 | |
| Company type | Private |
|---|---|
| Industry | Investments |
| Founded | 1918 in Votorantim, São Paulo |
| Headquarters | São Paulo, Brazil |
Key people |
|
| Products | Building materials, finance, aluminium, clean and renewable energy, metals and mining, orange juice, long steel, growth, real estate, infrastructure |
| Revenue |  $ 10,4 billion (2023) [1] |
| $ 2,1 billion (2023) [2] | |
Number of employees | 36,507 |
| Subsidiaries | AcerBrag CBA Citrosuco Nexa Resources Votorantim Cimentos Auren Energia Altre Banco BV 23S Capital CCR [3] |
| Website | www |
Votorantim is one of the few Brazilian companies [4] with investment grade rating by the three main rating agencies in the world: Standard & Poors, Fitch Ratings[5] and Moody's.[6]
The company is also a member of FCLTGlobal, a non-profit organization that produces research and tools that promote long-term investment and business strategies, [7] and signatory of the UN Global Compact since 2011. [8]
History
editIt was founded in 1918 by José Ermírio de Moraes, an engineer from Pernambuco. Its model of corporate governance assures the Ermírio Moraes family strategic controlling positions in the executive board. The Brazilian businessman Antônio Ermírio de Moraes was the representative of the family business, while non-family professionals are at the head of the Business Units.[9][10][11]
Overview
editIn 2021, Votorantim and CPP Investments announced a plan to consolidate energy assets in Brazil, creating a company to be listed on the ‘Novo Mercado’ segment of the B3 Stock Change.[12] In 2022, this company was named Auren Energia and debuted on Brazil's stock market.[13]
Subsidiaries
editThe company’s portfolio includes leading companies from different economy sectors. They are: [14]
- Votorantim Cimentos — Building materials and sustainable solutions[15]
- Banco BV — Finance and banking
- Companhia Brasileira de Aluminio — Aluminum
- Auren Energia — Clean and renewable energy
- Nexa Resources — Metals and mining
- Citrosuco — Orange juice
- Acerbrag — Long steel
- Altre — Real estate
- 23S Capital — Growth [16]
- CCR — Infrastructure and mobility [17]
Board and Management
edit- Eduardo Vassimon (Chairman)
- João Schmidt (CEO)
References
edit- ^ [1]
- ^ [2]
- ^ [3]
- ^ Milanese, Daniela (2021-08-07). "Agência de avaliação de risco eleva nota da Votorantim". Estadão: Economia & Negócios (in Portuguese). Retrieved 2022-10-26.
- ^ "Votorantim S.A. ratings". Fitch Ratings. Retrieved 2022-10-26.
- ^ "Votorantim S.A. ratings". Moody's Investors Service. Retrieved 2022-10-26.
- ^ "Votorantim Announces Membership with FCLTGlobal". FCLTGlobal. 2021-12-14. Retrieved 2022-10-26.
- ^ "Company information: Votorantim S/A". UN Global Compact. Retrieved 2022-10-27.
- ^ Ayres, Marcela (May 10, 2013). "A história do bilionário Antônio Ermírio de Moraes em fotos". exame.com (in Brazilian Portuguese). Retrieved 2023-04-05.
- ^ "Fundador do império industrial e financeiro Votorantim,..." www.senado.gov.br (in Brazilian Portuguese). Retrieved 2023-04-05.
- ^ "Grupo Votorantim" (in Brazilian Portuguese). Retrieved 2023-03-28.
- ^ "Brazil's Votorantim and Canada Pension Plan to form energy joint venture". Reuters. Retrieved 2022-10-27.
- ^ "Auren Energia debuts on B3 with eye on renewables". valorinternational (in Brazilian Portuguese). Retrieved 2022-10-26.
- ^ "Transformation and innovation, from the present to the future". Votorantim. Retrieved 2022-10-26.
- ^ "About Votorantim Cimentos". Votorantim Cimentos. Retrieved 2022-10-26.
- ^ "Votorantim and Temasek launch $700 million fund to invest in Brazil". Yahoo Finance. Retrieved 2022-10-27.
- ^ "Brazil's Itausa, Votorantim buy stake in CCR for $761 million". Reuters. Retrieved 2022-10-27.
External links
edit
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