Odebrecht Group

History

Proper Environment for growth

Odebrecht Group: History Marked by Continuous Development.

Navigate through more than seven decades with the Group.

Decade of1940

1944 The Beginning

In Salvador, Bahia, the young engineer, Norberto Odebrecht created a company that became the origin of the Odebrecht Group.

From its very founding, there was a simple idea that, even today, stands at the foundation of the Group's philosophy: to identify, integrate and develop young professionals with talent and a disposition for entrepreneurship. 

 

1944 The Forerunners

 

The Group's DNA goes back to the year 1856, the date on which Emil Odebrecht arrived in Brazil. Following the flow of German immigration into the country, the German engineer settled in Vale do Itajaí, in the Southern Brazilian state of Santa Catarina.

He married Bertha Bichels, and they had 15 children. One of his grandsons, Emílio Odebrecht – Norberto's father – would pursue the field of Civil Construction and would reveal the entrepreneurial bent of the Odebrecht family.

The Isaac Gondim e Odebrecht Ltd. construction company was Emílio Odebrecht’s first company. In 1923, he founded Emílio Odebrecht & Cia., which was responsible for construction of several buildings during the interwar period in the Northeast of Brazil.

With the start of the Second World War, construction materials coming from Europe became expensive and scarce, generating a crisis in the construction business. Emílio got out of the business and it fell upon his son, Norberto, to take his place in 1941.

1945 1945 – 1948

Norberto Odebrecht took on projects in Salvador and in rural Bahia and began to establish an exclusive name for quality and innovation. The projects included the Worker's Circle (1946), Ilha do Fogo River Shipyard (1947), docks and mooring bridge in Canavieiras (1948).

Construction innovation, planning and productivity allowed for the conclusion of the Belo Horizonte Building in just seven months, when the average at that time was three years.

 

Decade of1950

1952 The First Hydroelectric Power Plant

Odebrecht builds its first hydroelectric power plant. The Correntina HPP was installed at the border between Bahia and Goiás.

1952 La primera hidroeléctrica

Odebrecht construye su primera central hidroeléctrica. La CHE de Correntina se implantó en la frontera de los estados de Bahia y Goiás.

1953 Start of a Partnership

The first project for Petrobras was completed: the finalization of the Catu-Candeias Oil Pipeline project, in Bahia, designed to transport oil extracted from the new Catu field at the Mataripe Refinery.

1953 Catu-Candeias Oil Pipeline

The first project for Petrobras was completed: the finalization of the Catu-Candeias Oil Pipeline project, in Bahia, designed to transport oil extracted from the new Catu field at the Mataripe Refinery.

1954 Construtora Norberto Odebrecht

The Group's original company became a corporation and was named Construtora Norberto Odebrecht S.A. (CNO).

1957 Castro Alves Theater

Construction of the Castro Alves Theater, in Salvador. The work was finished in 11 months and officially delivered to the State in July, 1958. Following a fire which destroyed the building, the theater was reinaugurated in 1967, also built by Odebrecht.

1959 Start to the Cultural Contributions

The publication of the book Homenagem à Bahia Antiga (Tribute to Old Bahia), by historian José Valladores and supported by Odebrecht, marks the beginning of the Group's contribution to culture.

1994 50 años

La Organización Odebrecht cumple 50 años de historia con presencia en 21 países y 34 000 integrantes.

Decade of1960

1961 Expansion in Brazil's Northeast

With the opening of its branch office in Recife, with the stimulus of Sudene, Odebrecht expanded its operations to the Northeast of Brazil.

In 1963, the Group established contracts for a series of projects in Pernambuco: the factories of the companies Willys Overland, Coperbo, Alpargatas Confecções and Tintas Coral do Nordeste.

 

1965 Social Responsibility

The Odebrecht Foundation is created with aims of assisting Group Members. Today, its actions are promoted primarily in the Bahia Southern Lowlands and focused on assisting youth.

1969 Expansion into the Southeast

The Group expands to the Southeast of Brazil. In Rio de Janeiro, Odebrecht built the Petrobras main office building, the campus of the Federal University of Rio de Janeiro, Galeão International Airport and the Angra I Thermonuclear Plant.

Decade of1970

1973 National Operations

  • Odebrecht has become a company with national operations and projects underway in the majority of the Brazilian states. These include the construction of the Colombo Salles Bridge in Florianópolis (SC), and the restoration of the Amazonas Theater in Manaus (AM).
  • With over 500 projects to its credit, Odebrecht found itself financially steady and had already become one of the major construction companies in the Northeast.

1979 Diversification and Internationalization

  • The diversification of its Business began with the creation of Odebrecht Perfurações Ltda., tasked with the drilling of oil wells, and the acquisition of 1/3 interest in Companhia Petroquímica Camaçari (CPC), its first investment in the field of petrochemicals.
  • Going international: The first contracts outside the country were signed in Peru (Charcani V) and in Chile (project to divert the Maule River to the Colbún-Machicura Hydroelectric plant).  

Decade of1980

1980 Engineering and Construction

With the incorporation of the Brazilian Project and Construction Work Company (CBPO) – the company responsible for projects along the main São Paulo highways, such as Imigrantes, Trabalhadores and Castelo Branco –, Odebrecht is entering the segment of hydroelectric power plants and expanding its Engineering and Construction operations in Brazil.

1981 Odebrecht S.A.

The Odebrecht S.A. holding company is created, for the purpose of preserving its philosophical concepts and defining the direction of its business.

1984 Angola

  • Start of operations in Angola, with the signing of the contract for construction of the Capanda Hydroelectric Power Plant, capable of generating 520 MW of energy.
  • Expansion of its investments in petrochemicals with the purchase of stock in Salgema.

1985 Projects Abroad

The Group's projects abroad represented about 30% of the contracts on its books. 

1986 Engineering and Petrochemical

  • New investments in the petrochemical area with the acquisition of shares in the companies Poliolefinas, PPH and Unipar.
  • Incorporation of Tenenge, a company specialized in industrial assembly, with stake in over one-third of Brazil's hydroelectric power plant facilities.

1987 Argentina and Ecuador

  • Construction began on the Pichi Picún Leufú (PPL) Hydroelectric Power Plant in Patagonia, Odebrecht's first project in Argentina.
  • That same year, the Group arrived to Ecuador, responsible for the construction work for the Santa Elena Irrigation project in Guayaquil.

1988 Portugal

  •  Odebrecht acquires the construction company José Bento Pedroso & Filhos and begins operating in Portugal. The new company is called Bento Pedroso Construções.
  • The Odebrecht Foundation redirects its focus on educating youth from the Bahia Southern Lowlands region.

1989 Argentina

Construction began on the Pichi Picún Leufú Hydroelectric plant  (PPL), Odebrecht's first project in Argentina.

Decade of1990

1991 United States

  • Operations begin in the United States and Odebrecht becomes the first Brazilian company to complete a public construction project in that country. The first project established is for the Metromover.
  • In England, SLP Engineering is acquired, specializing in oil platform construction.
  • Norberto Odebrecht passes the presidency of Odebrecht S.A. to his son, Emílio Odebrecht, and remains as Chairman of the Board of Directors.

1992 Colombia, Mexico and Venezuela

  • The construction of the Los Huites Dam and of the El Lago Commercial Center mark the beginning of operations in Mexico and Venezuela, respectively.
  • Odebrecht wins the contract to build the Loma-Santa Marta Railroad in Colombia. 
  • Acquisition, in association with the Ipiranga Group, of controlling interest in Copesul, the raw materials center of the Petrochemical Complex at Triunfo, in Rio Grande do Sul.

1993 Concessions

  • Establishment of its first concession contract outside Brazil: the West Access Highway to Buenos Aires, in Argentina.
  • Construction of the first semisubmersible oil rig, in Singapore: the P-18, for Petrobras.

1994 50 years

The Odebrecht Group celebrates its 50th anniversary operating in 21 countries and with 34,000 Members.

1995 OPP Química

  • OPP Química is created, by combining the assets of PPH and Poliolefinas, which had been acquired during the National Program of Denationalization, in 1993.
  • In 1995, the first private company responsible for public sanitation services, the then Odebrecht Environmental Engineering, establishes its first concession in Limeira, a city in rural São Paulo.

1996 Trikem

Through the acquisition of controlling interest in CPC and Salgema, which took place in 1994, also during the National Program of Denationalization, Trikem was formed.

1998 2nd Generation

Norberto Odebrecht retires from business and concentrates his efforts as President of the Board of Trustees of the Odebrecht Foundation. Emílio Odebrecht takes over as Chairman of the Board of Directors of Odebrecht S.A.

Decade of2000

2001 International Recognition

  • Acquisition, at auction, of controlling interest in Copene, the raw materials center of the Camaçari Petrochemical Complex in Bahia.
  • Odebrecht becomes, according to the United States magazine ENR (Engineering News Records), number 1 in the world in international hydroelectric power plant construction.

2002 The Birth of Braskem

  • Emílio Odebrecht passes the presidency of Odebrecht S.A. to Pedro Novis and concentrates his efforts on serving as the company's Chairman of the Board of Directors.
  • Creation of Braskem, which combines all petrochemical assets of the Group.

2003 Odebrecht Historical Research Award

  • Odebrecht reaches the historic landmark of 1,000 Members who have been with the company for over 25 years.
  • The Odebrecht Historical Research - Clarival do Prado Valladares Award is launched, as an incentive to the development of Brazilian historiography.
  • The Group begins operating in the United Arab Emirates.

2004 60 years

  • The Group celebrates its 60th anniversary operating in 16 countries and with 40,000 Members.
  • Odebrecht is named as the top company in Construction and Engineering in Latin America, by Global Finance magazine.

2006 Oil & Gas

Creation of Odebrecht Oil & Gas, through which the Group resumes its investments in offshore drilling.

2007 Agroindustry and Real Estate Developments

  • The Odebrecht Agroindustrial Company is created, originally named ETH Bioenergia, to carry out all functions from the production and milling of sugar cane to the sale of its final products.
  • Foundation of Odebrecht Real Estate Developments, which develops residential, business, commercial, tourism and multi-use projects in Brazil.
  • After 10 years, the Group reestablishes its presence in Mozambique and begins operating in Libya and Liberia.
  • The petrochemical assets of the Ipiranga Group are acquired.

2008 Energy

  • Construction begins for the Santo Antônio Hydroelectric Power Plant on the Madeira River, in Rondônia, a landmark for Brazil's energy sector. The project was the point of departure for the Continued Professional Qualification Program - Acreditar (Believe), which prioritizes the contracting of local workers through labor training.

2009 Sustainability

  • Pedro Novis transfers the presidency of Odebrecht S.A. to Marcelo Odebrecht – Emílio's son. 
  • The Group's operations in the sanitation sector began to focus on Odebrecht Environmental, which was previously called Foz do Brasil.
  • Braskem begins building the first Green Ethane plant in Rio Grande do Sul, focused on the raw material of a renewable source for the production of "green" plastic.

Decade of2010

2010 Leadership and Mobility

  • The Odebrecht Group was named the World's Best Family-Owned Company by Switzerland's International Institute for Management Development (IMD).
  • With the creation of Odebrecht TransPort, investments are intensified in transportation and logistics in Brazil.
  • During the construction of the P-59 and P-60 self-raising oil platforms for Petrobras in Paraguaçu River, Bahia, the Group became part of the Enseada Paraguaçu Shipyard (EEP), currently called Enseada Shipbuilding. This allowed Odebrecht to intensify its installation of offshore units, such as platforms, specialized ships and drill rigs at a new Business.
  • Braskem incorporates Quattor and Sunoco Chemicals, making it the largest thermoplastic resin producer in the Americas.
  • Odebrecht Agroindustrial acquires Brenco, one of the leading companies in the sector.

2011 Defense and Technology

  • Braskem acquires assets from Dow Chemical: two industrial plants in the United States and two in Germany.
  • Creation of Odebrecht Defesa e Tecnologia, for the purpose of supporting the development of the Brazilian defense industry.
  • For the first time, Odebrecht is one of the 10 Companies Most Admired by Brazilian Youth, according to the ranking by Cia. de Talentos.

2012 Concessions in Brazil and in Latin America

  • Creation of Odebrecht Properties, focused on operating real estate assets in Brazil.
  • Foundation of Odebrecht Latinvest, focused on investments in logistics and infrastructure in Latin America with projects in the segments of roads, rapid transit and pipelines, prioritizing Colombia, Mexico, Panama and Peru.

2013 Investments in Concessions

  • Odebrecht invests heavily in concessions and expands its portfolio with the management of multi-use arenas, highways, light rail, basic sanitation systems, subways and airports.
  • Inauguration of the new Fonte Nova arenas in Bahia and Pernambuco, and the reopening of Maracanã Stadium after it was remodeled. The construction work was completed by Construtora Norberto Odebrecht for the 2014 World Cup. Odebrecht Properties began operating the facility.

2014 70 Years

  • Odebrecht celebrates 35 years of operations in Peru, 30 years in Angola and 10 years in Mozambique.
  • The Odebrecht Group completes 70 years of age, with diversified operations through its 15 Businesses, three Investment Funds and five Supporting Companies, in addition to the social activities of the Odebrecht Foundation and the wide range of socio-environmental and cultural programs in the Communities in which they are found.
  • Odebrecht TransPort – working in association with Mitsui – creates Odebrecht Mobility, which operates in the segment of passenger transport with four assets: SuperVia (RJ), Move São Paulo (SP), Carioca LRV (RJ) and Goiânia LRV (GO).
  • The Rio Galeão Concessionaire – formed by Odebrecht TransPort, Changi Airports International and INFRAERO – assumes the operation of the Tom Jobim International Airport in Rio de Janeiro.
  • The Group's Businesses establish new contracts in Brazil and abroad: Recovery of Navigability along the Magdalena River in Colombia, Los Ramones II North Gas Pipeline in Mexico, and the new stretch of the Costa Verde Highway in Peru by Odebrecht Engineering & Construction International; Improvements in Energy Security in the Country and Development of the Peruvian South Gas Pipeline by Odebrecht Latinvest; and Rota das Fronteiras, in Paraná, and the Rota do Oeste Highway in Mato Grosso, by Odebrecht TransPort.
  • Braskem is elected one of the 50 Most Innovative Companies of the Year by the magazine Fast Company, and earns distinction for its research work on products of a renewable origin, such as "green” plastic.

2016 Expansion in Mexico

  • Braskem inaugurated its Petrochemical Complex in Mexico, in partnership with Mexican company Idesa. The result of a US$5.2 billion investment, the Petrochemical Complex in Mexico is considered the largest greenfield investment ever made by a Brazilian company abroad.