History
The company has its origins in the early 1950s, when the paper mill of Cacia, Baixo Vouga, started its operations. After the Carnation Revolution in 1974, the Portuguese paper industry was nationalized and became highly subsidized by State funds. Portucel Soporcel remained well after the privatization of the company to Semapa in 2004, as one of the largest beneficiaries of state business grants and incentives due to its strategic interest for both Portugal's exportation and local eucalyptus economies.
Read more about this topic: Portucel Soporcel
Famous quotes containing the word history:
“The history of this country was made largely by people who wanted to be left alone. Those who could not thrive when left to themselves never felt at ease in America.”
—Eric Hoffer (1902–1983)
“Culture, the acquainting ourselves with the best that has been known and said in the world, and thus with the history of the human spirit.”
—Matthew Arnold (1822–1888)
“The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.”
—Walter Bagehot (1826–1877)