Acquisition of 50% of the share capital of the Chilean company Industria Corchera, S.A., market leader in the supply of components for the wine industry, from equipment, capsules, muselets and barrels to natural cork stoppers, the last two being their main product line. This acquisition reinforces the company's historical connection to Corticeira Amorim, S.G.P.S., S.A., since business relations had existed between them for over 30 years and it enabled the former to be recognised, since the early 1980s, for the quality of the products it markets - as sole supplier to the Chilean wine market, and the latter to conquer a rapidly expanding high quality market.
A new corporate image for the Amorim Group. The Amorim logo is now a stylised tree with the Amorim name, symbolising the Group's principles: environmental harmony, natural strength and confidence in growth, which reinforces the Amorim identity and culture, internally and externally.
CORTICEIRA AMORIM acquires control of the cork rubber-related business activities of the GTS group (Global Technologies System).
Amorim Isolamentos, S.A. is formed for the production of insulation cork boards.
Foundation of Academia Amorim, still an important reference, an international institution to promote wine, whose mission is to encourage research and scientific work to improve wine conservation conditions.
Américo Ferreira de Amorim is elected Chairman of the Confédération Européenne du Liège, an organisation whose mission is to research and develop studies that shall make it possible to set international standards and exchange knowledge with other institutions and organisations in the cork sector.
Acquisition of the company Carl Ed. Meyer, GmbH & Co, German leader in the import and distribution of cork coverings, responsible for the annual marketing of two million square metres of decorative flooring and parquets.
Acquisition of the Belgian company specialised in acoustic and anti-vibration insulation, CDM Composite Damping Material, S.A.
A joint-venture is formed with the Kies Kurk, B.V., a Dutch company formed in 1845, which owns a network of over 150 distributors of floor and wall covering materials.