Semapa Sociedade de Investimento e Gestão SGPS SA is a holding company, which engages in the production and sale of pulp and paper, cement and derivatives, and environment. It operates through the following segments: Pulp and Paper; Cement and Derivatives; Environment; and Holdings. The Pulp and Paper segment engages in the production and sale of writing and printing thin paper (UWF) and domestic consumption paper. The Cement and Derivatives segment engages in the sale of ready- mixed concrete, aggregates, mortars and precast concrete. The Environment segment refers mainly to the rendering of services associated with the cumulative recovery of animal by- products and food products containing animal origin substances, and the sale of the products resulting from this recovery for incorporation in the production of fertilizers, animal feed and biodiesel. The Holdings segment refers to the management activities rendered by Semapa to its subsidiaries in various areas such as strategic planning, legal, financial, accounting, tax, talent management, among others, while incurring in payroll expenses and the contracting of specialised services. The company was founded on June 21, 1991 and is headquartered in Lisbon, Portugal.