Saturday, September 25, 2021

Become part of our community

captcha 
Fique Fiber From Compañia de Empaques Fique Fiber From Compañia de Empaques Source: Compañia de Empaques

Compañia de Empaques Full-Year 2020 Net Income Jumps 36% Year-on-Year

Published in Companies Written by  March 11 2021 font size decrease font size increase font size 0
Rate this item
(3 votes)

Medellin-based packaging manufacturer and exporter Compañia de Empaques announced March 10 that its full-year 2020 net income rose 36% year-on-year, to COP$20 billion (US$5.7 million).

Gross income in 2020 also rose to COP$478 billion (US$136 million), up from COP$457 billion (US$130 million) in 2019, according to the company.

Compañia de Empaques specializes in the conversion of natural fibers including cabuya (fique) and pita as well as synthetic fibers (mainly plastic) into many types of packaging materials for industrial, agricultural, construction and mining companies.

Its various brands of products include “Duramalla” (plastic straps), “Cartonplast” (plastic sheets for signage), “Duratela” (natural and synthetic-fiber packaging bags), “Duracordel” (natural threads), “Durazuncho” (printable tapes), “Concrefuerte” (polypropylene additive for concrete), “Agrotextil” (strengthening fiber) and “Sacos Compañia” (natural-fiber bags).

“Our corporate social responsibility is focused on promoting the sowing and transformation of fique, a biodegradable and highly resistant fiber native to the Andes, which represents an important source of livelihood for more than 50,000 Colombian families and contributes to the substitution of illicit crops in our country,” the company adds.

Read 677 times Last modified on Last modified on March 11 2021

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

About Medellin Herald

Medellin Herald is a locally produced, English-language news and advisory service uniquely focused upon a more-mature audience of visitors, investors, conference and trade-show attendees, property buyers, expats, retirees, volunteers and nature lovers.

U.S. native Roberto Peckham, who founded Medellin Herald in 2015, has been residing in metro Medellin since 2005 and has traveled regularly and extensively throughout Colombia since 1981.

Medellin Herald welcomes your editorial contributions, comments and story-idea suggestions. Send us a message using the "contact" section.

Contact US

logo def
Medellin Herald: Find news, information, reviews and opinion on business, events, conferences, congresses, education, real estate, investing, retiring and more.
  • COL (4) 386 06 27
  • USA (1) 305 517 76 35
  •  www.medellinherald.com 
  •  This email address is being protected from spambots. You need JavaScript enabled to view it. 
  • Medellin, Antioquia, Colombia

Medellín Photo Galery

Medellin, contrasting colors and styles by Gabriel Buitrago

MPGMPGMPGMPGMPGMPGMPGMPGMPGMPGMPGnav