CMPC (company)

Empresas CMPC S.A.
Company typeSociedad Anónima
BCS: CMPC
IndustryPulp and Paper
Founded12 March 1920; 104 years ago (1920-03-12)
HeadquartersSantiago, Chile
Key people
Luis Felipe Gazitua, (Chairman)
Francisco Ruiz-Tagle Edwards, (CEO)
RevenueIncrease US$ 5.1 billion (2017)
Increase US$ 103.0 million (2017)
Number of employees
17,500 (2015 average)
SubsidiariesForestal Mininco
Websitewww.cmpc.cl

Empresas CMPC S.A. (Spanish: Compañía Manufacturera de Papeles y Cartones; popularly known as the “Papelera”) is a Chilean pulp and paper company, headquartered in Santiago, Chile.[1][2] It is the largest paper manufacturer in the country;[3][4] and one of the biggest companies worldwide according to Forbes Global 2000's ranking in 2023, with $1B in profits in 2023.[5]

About

CMPC is engaged in integrated forest industry, which operates as a holding company through four business centers: forestry, pulp, paper and paper products, and tissue.[6] Each of these areas can function independently, being in the holding company for overall coordination and financial management of these businesses. Supplies, computer systems and other related administrative support, are centralized in CMPC SA Shared Services.

The company has operations in Chile, Argentina, Brazil,[7] Peru, Colombia, Mexico, Ecuador, and Uruguay and its main competitors are Suzano (based in Brazil), Arauco (based in Chile), APRIL (based in Indonesia), and Södra (based in Sweden).

History

The company was founded in 1920 as a merger of factories between "Cartón del Maipo" and "Esperanza" and a merge of the businessman Luis Matte Larraín and the German engineer Germán Ebbinghaus.[1]

In 1983, CMPC expanded in to the printing business.[6] In 1992, a partnership was form between CMPC and Simpson Paper Co. to form Celulosa del Pacífico S.A. (CELPAC).[6] In 1995, CMPC purchased 20% of Scott Paper Company in Chile.[3]

They have been subject to many controversies. In 2017, CMPC agreed out of court to compensate consumers who were affected by illegal price fixing on soft paper business (such as toilet, napkins, tissues, diapers, and others).[8][9]

References

Wikimedia Commons has media related to Empresas CMPC.
  1. ^ a b "Cómo nació la Papelera: una de las empresas más influyentes de Puente Alto". Portal Puente Alto (in Spanish). 2023-01-18. Retrieved 2023-07-23.
  2. ^ Grandes empresas y grupos indstriales Latinoamericanos: expansión y desafíos en la era de la apertura y la globalización (in Spanish). Siglo XXI. 1998-01-01. p. 304. ISBN 978-968-23-2126-9.
  3. ^ a b "Acquisitions". The Miami Herald. 1995-06-19. p. 194. Retrieved 2023-07-23.
  4. ^ "Investing in Latin America: Growth, stability make Chilean stocks expensive". National Post. 1995-09-07. p. 20. Retrieved 2023-07-23.
  5. ^ "Profile: Empresas CMPC". Forbes. Forbes Media LLC. Retrieved 2023-07-23.
  6. ^ a b c Lamberg, Juha-Antti; Ojala, Jari; Peltoniemi, Mirva; Särkkä, Timo (2012-12-22). The Evolution of Global Paper Industry 1800¬–2050: A Comparative Analysis. Springer Science & Business Media. pp. 251–252. ISBN 978-94-007-5431-7.
  7. ^ "China impulsa el sector de papel de Brasil". La Prensa. 2013-08-21. pp. A45. Retrieved 2023-07-23 – via Newspapers.com.
  8. ^ Trujillo, Juan Fernando Rojas (2017-01-29). "Empresa del cartel del papel higiénico de Chile compensará a consumidores". El Colombiano (in European Spanish). Retrieved 2023-07-23.
  9. ^ Toro, Francisco González y Paulina (2016-12-20). "CMPC reconoció haberse coludido con Kimberly Clark para subir precios de pañales". La Tercera. Retrieved 2023-07-23.