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Sonae Indsutria
Founded	1959
Headquarters	Maia, Portugal
Industry	Engineered wood
Revenue	▲ Euro ?? million (2006)
Net income	▲ Euro 6 million (2006)
Employees	7,000 (2007)
Parent	Sonae
Website	http://www.sonaeindustria.com

Sonae Indústria is one of the world leaders in engineered wood products, founded and headquartered in Maia, Portugal. Present in twelve countries within three continents, Sonae Indústria has a wide range of products, from the simple board to the most complete construction systems, a large range of wood-based products and solutions for furniture, construction and decoration.

[edit] History

The current Sonae Indústria core business was the original and sole business of Sociedade Nacional de Estratificados (Sonae). Sonae was founded in 1959 at the site of its present location in Maia. Its first activity was the production of high pressure decorative laminates. Sonae Indústria is a spin-off from Sonae SGPS. The decision to spin-off Sonae Indústria was announced on 10 March 2005. Today it is one of the world leaders in the wood-based products sector. This position was achieved after the takeover of the German company Glunz AG, in 1998, followed by an organic growth. This helped to consolidate the company globalization process. The demerger-merger and merger operation of Sonae – SGPS, S.A. began on September 2005. This operation consisted of a split of part of the shareholding held by Sonae – SGPS, S.A. in Sonae Indústria – SGPS, S.A. (hereinafter called SI) and its integration in Sonae 3P – Panels, Pulp and Paper, SGPS, S.A.. This last company integrated the full share capital of SI through a simultaneous merger operation. With this operation and as from December, 20th 2005 SI is extinguished and the company Sonae 3P – Panels, Pulp and Paper, SGPS, SA is renamed Sonae Indústria, SGPS, SA.

[edit] See also

Sonae

[edit] External links

Official website