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Institutional / The Company / Duratex History



The year 2009 until now, was marked by the association between Duratex and Satipel, on 22.Jun.2009, an event that allowed the creation of the biggest panel making company of the southern hemisphere and one of the largest worldwide, strengthening the competitive advantages based on the capacity of product development and technological innovation, besides the adoption of best management practices and enhancement of cultures and management skills. Furthermore, it was created a global company with economies of scale in competitive markets and ready to continue its well succeeded sustainable growth path. The total capacity of manufacturing panels resulting from this combination is 3.9 million m³/year, which will allow significant economies of scale in increasingly competitive markets.

From the corporate governance standpoint, Duratex took an important step by joining the Novo Mercado of BM&BOVESPA, a differentiated segment in which are those companies that, spontaneously, have agreed to adopt differentiated practices. Among these practices stand out the the issue of common shares only (one share one vote), 100% tag along, minimum free float of 25% of the outstanding shares and have in the Board of Directors at least 20% of independent members. In order to enhance its corporate image, the company has gone beyond the minimum established by ensuring a minimum dividend equivalent to 30% of adjusted net income, a minimum free float of 40% besides 30% of the Board of Directors composed of independent members.

It is a highlight of the year the completion of major Capex investments. In recent months there were opened three new MDF and MDP production lines. Thus, the company now has an extra capacity for MDF manufacturing of 1,150,000 m³/year divided into two industrial units: 800,000 m³year in Agudos (SP) and 350,000 m³/year in Uberaba (MG). The MDP production capacity has also been expanded with the completion of a unit in Taquari (RS), with capacity of 700,000 m³/year. However, Important projects continue to be carried out, as the capacity expansion of metal fitings to 18 million pieces/year to be completed in 2010 and a resin plant which will ensure input self-sufficiency to the plants of Agudos and Botucatu, both in the Sao Paulo state.    

The outstanding performance secured significant market recognition through various awards received so far:

Updated on September, 2009