Volcafe
| Volcafe Holding Ltd.
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1851 |
| Seat | Winterthur , Switzerland |
| management |
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| Branch | Coffee trade and production |
| Website | www.volcafe.com |
The Volcafe Group, based in Winterthur, is an internationally active Swiss coffee trading and production group. The annual turnover is estimated at 720,000 tons.
history
Today's Volcafe Holding Ltd. goes back to the Volkart brothers company , which the two brothers Johann Georg (1825–1861) and Salomon Volkart founded in Winterthur and Bombay in 1851 and which, in addition to coffee, also traded cocoa , cotton and industrial goods. From 1912 the company was owned by the Reinhart family, whose most famous representative was the art collector Oskar Reinhart .
In 1989 the Winterthur Erb Group acquired the coffee business of the Volkart Group, which was then headed by Andreas Reinhart , and renamed it Volcafe. By 2003, the company grew to become the second largest coffee trader in the world. After the collapse of the Erb Group, Volcafe was taken over in 2004 by the English ED & F Man Holdings Limited .
criticism
In April 2004 the Berne Declaration (EvB) criticized the company for its offshore structure. Volcafe processed commodity futures through its Jersey-based subsidiary Cofina, which means that any profits from these transactions did not have to be taxed. However, the Berne Declaration was unable to substantiate its accusation that the coffee-producing countries were primarily damaged by the offshore structure based on the figures and documents that have become public and therefore does not raise this accusation any further. As a consequence, Volcafe dissolved its subsidiary Cofina in August 2004 and since then has been handling all business via Volcafe International Ltd. in Winterthur.
Web links
Individual evidence
- ↑ Switzerland trades coffee for the world . In: Tages-Anzeiger , July 14, 2009; Retrieved July 15, 2009
- ↑ History on volcafe.com , accessed on 15 May 2009
- ^ Thomas Gmür: Volkart Brothers. In: Historical Lexicon of Switzerland .
- ↑ 400 million disappeared. December 9, 2003. Retrieved from manager-magazin.de on May 15, 2009
- ↑ Joint statement EvB / VOLCAFE, beginning of May 2005. Retrieved from db-si.ch ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. on May 17, 2009
