Next generation change in a large Catalan company. Jordi Mercader Miro decided to relinquish the presidency of the paper mill Michael and Costas to your son, Jordi Mercader Cheap, hitherto vice president. Mercader, who has been the chairman for more than 30 years, will take over the board of directors to be held after the General Assembly. next June 22.
In a meeting with the press, he stated that so far the president will continue as a special administrator, but without executive functions. At this shareholder meeting, Felipe González and the former Vice President of Government will need to be confirmed as independent directors, Narciss Serra; And Bust of Teresa of the Castle.
The person who will become the new president stated that the four axes on which he will base his strategy are quality, innovation, sustainability and financial strength, adding that he has made this possible. “independent company”.
In recent years, the company has reduced its weight has a share of up to 60% of the total sales of cigarette paper. 30% is the most floor-winning activity, ie industrial paper where paper straws or tea bags stand out. The remainder is 10%. In any case, cigarette paper still accounts for 75% of the total.
election paper
Specializing in paper with high added value, the group aims to procure at least 1,200 of the 3,000 tons of paper to be used in the general elections to be held on July 23. One of his specialties is that he announced sepia colored ballot papers for different groups for the Senate.
The company, whose board of directors controls “just over 50% of the capital”, closed 2022 with sales of 337.2 million units and a consolidated net profit of 31.6 million. The net result in the first quarter of this year was 11.05 million, an increase of 40.5% compared to the same period of the previous year.