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.

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.
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In February 2010, the Votorantim Group purchased 21.2% of Portuguese cement company Cimpor 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: