ESG & Investing
Biggest Cork Maker Plans to Be Fastest Harvester in the World
From buildings to high-speed trains, Portugal’s Corticeira Amorim wants to sell cork products for uses beyond wine bottle stoppers. The plan requires drastically cutting down the time it takes to harvest the sustainable material.
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For more than 150 years, Corticeira Amorim SA has thrived by buying slabs of bark stripped from cork trees in Portugal and transforming them into stoppers. The company annually produces billions of seals for the planet’s wine and champagne bottles.
As annual sales have hit records, the challenge now for the world’s biggest cork maker is ensuring it has enough supply to meet growing demand outside the drinks industry.