We promote a

RELIABLE FUTURE


Our management contemplates business development with care for the environment and social and economic value generation for all our stakeholders: employees, customers, shareholders, suppliers, community, government and partners, among others.

We are

EMPRESAS COPEC


Our business strategy is focused on delivering an attractive level of profitability in the long term to our investors, through a sustainable management model.

We are a world-class company, seeking to deliver an attractive level of profitability in the long term to our investors, and contribute to the development of Chile and the different countries where we conduct our productive and commercial activities. To that end, we invest primarily in energy and natural resources and, in general, in business areas where we can create value in a sustainable way. When conducting our activities, we strive to be a good citizen and address and respect the interests of shareholders, employees, partners, suppliers, customers, communities and all parties with whom we are, in one way or another, involved. At Empresas Copec we conduct our productive and commercial activities with excellence and act in all decisions according to the highest ethical and transparency standards.

To build a reliable and sustainable future for everyone.

OUR

STRATEGY


LEADERSHIP


READ MORE

EFFICIENCY


READ MORE

COMMERCIAL EFFORT


READ MORE

FUNDING CAPACITY


READ MORE

THE SAME SPIRIT


READ MORE

VALUE CHAIN


READ MORE

HISTORY


1934

Compañía de Petróleos de Chile

Compañía de Petróleos de Chile (Copec) is founded with the purpose of marketing and distributing fuel in the country.

HISTORY


1956

Abastible

Abastible is established with the aim of marketing and distributing liquefied gas in Chile.

HISTORY


1957

Sonacol

Sonacol, a company responsible for transporting fuels through a network of pipelines, is established. Copec, for its part, took over the representation and distribution of Mobil products.

HISTORY


1976

Celulosa Arauco and Forestal Arauco

Celulosa Arauco and Forestal Arauco are acquired.

HISTORY


1979

Celulosa Arauco and Constitución

Celulosa Arauco y Constitución, a forest company that is born out of the merger of Celulosa Constitución and Celulosa Arauco, is established.

HISTORY


1986

COPEC

The Angelini Group became a shareholder in Copec after acquiring a 41% stake.

HISTORY


1989

Fundación Educacional Arauco

Fundación Educacional Arauco is established to strengthen teaching in municipal schools in the Maule, Biobío and Los Ríos regions.

HISTORY


1990

Bioforest

Bioforest, a center of excellence and research aimed at developing and applying state-of-the-art technology in the areas of biotechnology, cellulose, forest heritage and industrial plants, is established.

HISTORY


1991

Mining Company Can-Can

Mining Company Can-Can (today Alxar Minería) is founded with the purpose of exploring and developing gold, silver and copper deposits.

HISTORY


1992

Igemar

Igemar is established after the merger of Pesquera Guanaye and Pesquera Iquique.

HISTORY


1994

Metrogas

Metrogas is established to market natural gas in the country.

HISTORY


1996

Alto Paraná

ARAUCO acquires Alto Paraná, one of the major pulp mills in Argentina.

HISTORY


1999

Corpesca

Corpesca is established after integration of the operational assets that the fishing companies Igemar, Eperva and Coloso had in northern Chile.

HISTORY


2000

COPEC

Angelini Group takes control of Copec, after acquiring an additional 30.05% stake.

HISTORY


2002

Fundación Copec-Universidad Católica

Fundación Copec-Universidad Católica is founded with the aim of promoting applied scientific research in the field of natural resources.

HISTORY


2003

Empresas Copec

Compañía de Petróleos de Chile Copec becomes the affiliate in charge of the business of liquid fuels and lubricants, and the parent company turns into a financial holding, changing its business name to Empresas Copec.

HISTORY


2005

ARAUCO arrives in Brazil

ARAUCO acquires pine plantations, an MDF board mill, a particle board mill and a resin mill in Brazil.

HISTORY


2006

Elemental

Elemental is established with the aim of developing social housing projects to reduce poverty and improve the quality of life of people.

HISTORY


2007

Mina Invierno

Mina Invierno is founded with the aim of extracting coal in the Magallanes Region. In addition, ARAUCO and Stora Enso acquire forest land, a sawmill and 20% of a paper mill in Brazil.

HISTORY


2009

Golden Omega

Golden Omega is established to produce Omega-3 concentrates in the north of the country. On the other hand, ARAUCO and Stora Enso acquire the assets of Ence business group in Uruguay, creating Montes del Plata.

HISTORY


2010

Terpel and Orizon

Copec bought control of Terpel, Colombia´s largest fuel distributor. In addition, Orizon was established after the merger of fishing companies SPK and San José.

HISTORY


2011

Inversiones del Nordeste and Moncure

Abastible acquires 51% of the Colombian company Inversiones del Nordeste. ARAUCO purchases the Moncure panel mill, in the United States.

HISTORY


2012

Flakeboard Company Limited

ARAUCO acquires Flakeboard Company Limited, adding seven panel mills in the United States and Canada.

HISTORY


2014

Anacleto Angelini UC Innovation Center

Empresas Copec and Universidad Católica de Chile open the Anacleto Angelini UC Innovation Center to promote a pro-innovation and pro-entrepreneurship culture and environment in the country.

HISTORY


2016

Mapco, Tafisa, Solgas and Duragas

Copec purchases 100% of Mapco Express, owner of a service station network in the United States. ARAUCO acquires 50% of the company Tafisa, adding panel mills in Spain, Portugal, Germany and South Africa. In addition, Abastible acquires the Peruvian company Solgas and the Ecuadorean company Duragas. For its part, Empresas Copec enters the Dow Jones Sustainability Index Chile and the FTSE4Good Emerging Index.

HISTORY


2017

Masisa do Brasil

ARAUCO acquires Masisa do Brasil, adding an MDF board line and an MDP board line, and agrees the purchase of Masisa assets in Mexico, allowing it to add particleboards, MDF boards, melamine laminates, a chemical plant, and a veneer line, subject to approval of the authority.

HISTORY


2018

MAPA Project and Mina Justa

ARAUCO starts construction of the MAPA Project (Modernization and Extension of the Arauco Mill) with an investment of US$ 2.35 billion. For its part, Alxar Minería acquires, at US$ 168.5 million, 40% of the Peruvian company Cumbres Andinas, which in turn owns 100% of Marcobre, to carry out the Mina Justa project in Peru.

HISTORY


2019

Copec Voltex and Grayling Project

Copec launches Voltex, the most extensive network of service stations for electric vehicles in Latin America. ARAUCO inaugurates the Grayling project, the largest Chilean investment in the United States; US$ 450 million. In addition, the subsidiary announces that it will be certified, in 2020, as the world's first carbon-neutral forestry company.

Energy and Natural Resources

EMPRESAS COPEC AT A GLANCE


Filter by:

Chairman’s

Statement

ROBERTO ANGELINI


“Empresas Copec continues to grow in line with a strategy sustained over time, taking relevant steps both in Chile and abroad, with a long-term vision and a constant effort to raise the standards of our activities and create maximum value for all around us”.

Excerpt from Letter to Shareholders published in Empresas Copec 2019 Annual Report

Read letter

Chief Executive Officer’s

Statement

EDUARDO NAVARRO


“Today more than ever, what is determining the positive evolution of trust in organizations is the way they understand their social role, broadening their view from economic results to social benefits, from exclusively competitive to collaborative markets, and from the private sphere to partnerships with the public sector in the search for solutions for the community”.

Excerpt from Letter to Shareholders published in Empresas Copec 2019 Sustainability Report

See Sustainability Report 2019

Empresas Copec's

GLOBAL PRESENCE


THROUGH OUR SUBSIDIARIES, WE ARE PRESENT IN MORE THAN 80 COUNTRIES

OUR

SUBSIDIARIES