Our business strategy is focused on delivering an attractive level of profitability in the long term to our investors, through a sustainable management model.
Our purpose is
TO SHAPE THE WORLD FOR FUTURE GENERATIONS
Promoting sustainable investments and a long-term view, to bring hope for the generations to come.
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.
To shape the world for future generations
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.
OUR
VALUES
INTEGRITY
INTEGRITY
To have integrity and consistency in order to always try to do the right thing.
We aim to act righteously and transparently, building relationships based on trust. Our way of conducting ourselves must always be ethical, that is, we seek to do the right thing, even when it is difficult, unpopular or goes unnoticed. To have integrity helps us to develop a better environment, in which mistakes are recognized and their consequences are corrected, showing coherence between what is said, what is decided and what is acted upon. We encourage Empresas Copec to be an organization of integrity and trustworthiness.
EXCELLENCE
EXCELLENCE
To give the best of each one to get things done with excellence.
Those of us who work at Empresas Copec seek to achieve our maximum potential and deliver the best of ourselves in all the tasks we perform. We embrace a standard of excellence in our decisions and actions, based on responsibility, passion and attention to detail. We seek to ensure that our actions are aimed at exceeding expectations: every job we do, large or small, is an opportunity to build something extraordinary and to leave a positive stamp on everything we do.
INNOVATION
INNOVATION
To constantly seek new ways and innovations to improve people’s lives.
At Empresas Copec we promote curiosity, innovation and the courage to explore the unknown, challenge the established and transform obstacles and mistakes into possibilities for growth. We give space to try and create new paths, through a culture that encourages the search for transformative solutions that improve people’s lives.
Through innovation and our constant commitment to collective well-being, at Empresas Copec we create opportunities that make a better future possible.
LONG-TERM
LONG-TERM
To have a long-term vision to contribute to the solution of the major challenges facing society.
We want to have a positive impact on the world. We understand that a company cannot last over time if it does not act sustainably. Thus, at Empresas Copec we evaluate our success based on the legacy we are leaving to future generations. Our decisions and actions are always guided by a long-term vision, which drives us to think in decades, beyond immediate results, seeking to ensure that each action contributes to the well-being of society, today and tomorrow.
PEOPLE AT THE CENTER
PEOPLE AT THE CENTER
To focus our sight on the well-being and development of people.
People are at the center of our activities, guiding all our decisions and actions. We put their well-being, needs and development first, seeking to generate a positive impact on their lives, both inside and outside the organization. We respect the individuality and value of each person, prioritizing their care, progress and happiness. We act with empathy, to put ourselves in the other person’s place and understand their concerns and needs. At Empresas Copec we work so that people can develop, fulfill their dreams and achieve a full life.
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.
HISTORY
2020
ARAUCO and Copec
In a complex scenario marked by the pandemic and after an almost US$200 million investment, ARAUCO began dissolving pulp production at its Valdivia Pulp Mill. In addition, the subsidiary certified its carbon neutrality, becoming the world’s first forestry company to achieve this goal. Copec inaugurated South America's largest electro-terminal.
HISTORY
2021
Copec
Copec publishes its climate change statement and plan to achieve carbon neutrality by 2030. Mina Justa makes its first shipment of copper concentrates.
HISTORY
2022
Copec
Copec expands its business lines with the purchase of Blue Express and enters the financial sector with the digital wallet and prepaid card. The Nutrisco food holding company is created.
HISTORY
2023
MAPA
MAPA begins operations, allowing for an annual production of 2.1 million tons of pulp.
HISTORY
2024
Empresas Copec
Empresas Copec announces the largest investment in its history: the construction and start-up of the Sucuriú pulp mill in Brazil. This project involves an estimated investment of US$4.6 billion and an annual production capacity of approximately 3.5 million tons of pulp.
Energy and Natural Resources
EMPRESAS COPEC AT A GLANCE