Sociedad Comercial Del Plata Sa

What Sociedad Comercial Del Plata Sa does

Sociedad Comercial del Plata S.A. (SCP) is an Argentine holding company founded in 1927 by Swiss capital and publicly traded on the Buenos Aires Stock Exchange (symbol COME) and the SIX Swiss Exchange, with more than 80,000 shareholders across 17 countries and approximately 1,200 employees. SCP operates as a diversified investment vehicle, holding controlling or significant minority stakes in core operating subsidiaries across five sectors: energy (downstream petroleum through Destilería Argentina de Petróleo S.A. — DAPSA — and oil & gas exploration and production through Compañía General de Combustibles S.A. — CGC, in which SCP holds ~30%); construction materials (Canteras Cerro Negro S.A., producing ceramics, porcelain tiles, hollow bricks, and processed glass under the CERRO NEGRO, LOSA, CORMELA, and SUPERGLASS brands); agroindustry (Morixe Hermanos S.A.C.I., a 120-year-old food platform operating 12 industrial plants across Argentina and Uruguay); transport and infrastructure (Ferroexpreso Pampeano S.A., a freight rail concessionaire operating the Rosario-Bahía Blanca corridor); and real estate (Delta del Plata S.A., with approximately 500 hectares of land in the Tigre Delta).

SCP earns revenue through transaction-based sales across its controlled companies: DAPSA generates fuel and lubricant revenue through approximately 200 service stations and a 145,000 m3-capacity port terminal at Dock Sud, with roughly 10% of Argentine lubricant production and 60% of the lubricating grease market; CGC produces oil, gas, and LPG from proved reserves of 25,698 Mm3 of oil equivalent (49% oil and liquids, 51% natural gas) and holds interests in Argentina's second-largest gas pipeline network via Transportadora Gas del Norte, Gas Andes, and Transportadora Gas del Mercosur; Morixe distributes flour, frozen fries, polenta, oils, pastas, cookies, and legumes across 50,000+ Mercosur points of sale; Cerro Negro distributes construction materials through hardware retailers; and FEPSA provides freight rail services across 3,000 km of tracks. FY2024 consolidated sales reached ARS 559,376 million (excluding CGC) or ARS 886,680 million including CGC at SCP's participation percentage, with net profit of ARS 66,421 million versus a prior-year loss. The holding's strategic posture balances domestic-market-facing businesses (construction, logistics, fuel distribution) against dollar-linked export-oriented operations (oil and gas, agroindustry), and the company has historically used its listed-equity currency to execute selective acquisitions (Morixe in 2023, DAPSA in 2018, Cerro Negro in 2015) and divestitures (full exit from Lamb Weston Alimentos Modernos by October 2024).

Name

Sociedad Comercial Del Plata Sa

Legal name

Sociedad Comercial del Plata S.A.

Website

https://scp.com.ar

Company type

Public

Founded year

1927

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sociedad Comercial del Plata is an Argentine diversified holding company founded in 1927, publicly listed on BCBA and SIX Swiss Exchange, controlling operating subsidiaries across energy, construction materials, agroindustry, rail transport, and real estate.

Ownership category

akta.pro rank

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Hydrocarbon Production and Sales (CGC): CGC, ranked sixth as hydrocarbon producer in Argentina, generates revenue from oil, gas, and LPG exploration and production. In 2024, CGC increased its total proven reserves to 25,698 Mm3 of oil equivalent. Reserves composition: 49% oil and liquids, 51% natural gas.
2. Fuel and Lubricant Distribution (DAPSA): DAPSA operates approximately 200 service stations in Argentina and owns a port terminal in Dock Sud with over 140,000 cubic meters of storage capacity. Also concentrates approximately 10% of local lubricant production and 60% of lubricating greases market.
3. Agroindustry and Food Products (Morixe): Morixe operates 12 industrial plants in 4 provinces of Argentina and two countries outside national territory, producing flour, breadcrumbs, frozen fries, puree, polenta, olive oil, sunflower oil, balsamic vinegar, canned olives, precooked white corn flour, oats, dry pasta, cookies, and legumes. Products reach 50,000 points of sale in Mercosur.
4. Construction Materials (Cerro Negro): CCN produces bricks, glass, porcelain tiles, and ceramic products for construction through brands CERRO NEGRO, LOSA, CORMELA and SUPERGLASS.
5. Railway Transport Services (FEPSA): Ferroexpreso Pampeano S.A. provides freight railway transport services from collection centers and factories to ports of Bahía Blanca and Rosario.
6. Real Estate Development (Delta del Plata): Delta del Plata owns approximately 500 hectares of land in the first section of Tigre Delta islands, between Luján and San Antonio rivers, evaluating different alternatives for real estate development combining residential-recreational use with environmental care.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Sociedad Comercial del Plata is a publicly traded Argentine holding company that invests through majority shareholdings in controlled companies operating in energy (oil and gas exploration and production through CGC, fuel and lubricant distribution through DAPSA), construction materials (ceramics, porcelain tiles, bricks and glass through Cerro Negro), agroindustry (flour, frozen fries, pasta, oils and other food products through Morixe), freight rail transport (FEPSA) and real estate (Delta del Plata). It does not sell a single unified product but rather operates a diversified portfolio of industrial and infrastructure subsidiaries in Argentina.

Product overview

Sociedad Comercial del Plata is a diversified holding company operating physical industrial assets across five main sectors: Energy (DAPSA petroleum downstream operations and CGC oil & gas E&P), Construction Materials (Canteras Cerro Negro), Agroindustry (Morixe food products), Transportation (Ferroexpreso Pampeano railway), and Real Estate (Delta del Plata). The company does not offer a unified software product but rather operates independent subsidiary companies, each with its own product portfolio spanning fuel distribution, construction materials, food manufacturing, freight rail services, and property development.

Differentiator

Problem solved

Functional benefit

Products and services

• Destilería Argentina de Petróleo S.A. (DAPSA) Downstream petroleum subsidiary that produces, commercializes and distributes fuels, lubricants and asphalt products through approximately 200 service stations across Argentina, operates a port storage terminal at Dock Sud with 145,000+ m3 capacity in 75+ tanks, and holds approximately 10% of local lubricant production and 60% of the lubricating greases market.
• Canteras Cerro Negro S.A. (Cerro Negro) Construction materials manufacturer producing bricks, ceramics, porcelain tiles, hollow bricks and high-performance processed glass under brands CERRO NEGRO, LOSA, CORMELA and SUPERGLASS, with industrial plants in Buenos Aires and Córdoba provinces, sold through hardware stores and construction materials distributors.
• Compañía General de Combustibles S.A. (CGC) Oil and gas exploration and production company ranked sixth among hydrocarbon producers in Argentina with 25,698 Mm3 of proved oil-equivalent reserves (49% oil and liquids, 51% natural gas), operating mainly in Santa Cruz province and holding investments in Transportadora Gas del Norte, Gas Andes Argentina, Gas Andes Chile and Transportadora de Gas del Mercosur.
• Morixe Hermanos S.A.C.I. Agribusiness and food industry subsidiary producing flour, breadcrumbs, frozen fries, puree, polenta, olive oil, sunflower oil, balsamic vinegar, canned olives, precooked white corn flour, oats, dry pasta, cookies and legumes, with 12 industrial plants across 4 Argentine provinces and operations in two additional countries, reaching 50,000+ points of sale across Mercosur and 20,000+ points of sale in Argentina.
• Ferroexpreso Pampeano S.A. (FEPSA) Freight railway concessionaire operating the Rosario–Bahía Blanca corridor with 3,000 km of operative tracks, 50 locomotives and more than 2,000 wagons, transporting grains and byproducts from collection centers and factories to export ports.
• Delta del Plata S.A. Real estate development subsidiary holding approximately 500 hectares of land in the first section of the Tigre Delta islands between the Luján and San Antonio rivers, evaluating residential and recreational development alternatives combined with environmental preservation.

Quantifiable outcome

• 2024 net profit of $66,421 million compared to loss of $64,605 million in 2023
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship, minor and core.

• ChevronflagshipStrategic or Co-development Partner · 19 January 2026DAPSA (a company belonging to SCP holding) announced a strategic agreement with U.S.-based Chevron for the commercialization of fuels in the region. The agreement marks the formal beginning of a strategic relationship aimed at fostering DAPSA's growth through commercialization of Chevron commodities. Parties will evaluate additional areas of integration including expansion of DAPSA's supply logistics. Specially designed commercial terms intend to enable DAPSA to increase presence in regional markets.
• Gibur S.A.minorStrategic or Co-development Partner · 1 December 2023In December 2023, Morixe bought Gibur S.A., a company dedicated to the elaboration and commercialization of food products in Uruguay with annual sales of USD 9 million.
• YPFcoreStrategic or Co-development Partner · 1 September 2023CGC and YPF began exploratory work in the Palermo Aike non-conventional reservoir in Santa Cruz province in September 2023. This is the second most important formation of this type in the country after Vaca Muerta.
• Ignacio Noel (Principal Shareholder)coreOthers · 7 July 2023Ignacio Noel served as principal shareholder of Morixe prior to SCP's acquisition of 77.8% control stake. Noel commented on the transaction as adding value for both SCP and Morixe.
• SINOPEC ArgentinacoreStrategic or Co-development Partner · 1 June 2021In June 2021, CGC acquired 100% of SINOPEC Argentina, representing one of the major growth opportunities in conventional oil production in the country.

Scale indicators15 records

Recent moves13 records

Expansion highlights6 records

Broad incumbents

• Pampa Energía: Argentina's largest integrated electricity and gas holding company, with generation, transportation, and distribution assets. Comparable to SCP's CGC and DAPSA energy exposure and as a publicly traded Argentine industrial conglomerate.
• Edenor: Argentina's largest electricity distribution company, with regulated utility operations across northwestern Buenos Aires. Comparable to SCP as a large, publicly traded Argentine infrastructure-related business.
• YPF: Argentina's state-linked flagship oil and gas integrated company, with upstream, refining, and service-station operations. Relevant comparison to SCP's CGC (E&P) and DAPSA (downstream) businesses, and is a partner of CGC in Palermo Aike.

Direct peers

• Cresud: Argentine agricultural and real estate holding company with operations across Mercosur, including farmland, branded food products, and commercial properties. Comparable to SCP's Morixe (agroindustry) and Delta del Plata (real estate) segments.
• Transportadora de Gas del Norte (TGN): Argentina's second-largest gas pipeline operator, in which SCP holds a stake through CGC. Comparable as a midstream gas infrastructure business with Argentine regulatory exposure.
• Grupo Techint: Argentine-founded industrial conglomerate with controlled companies across steel (Tenaris, Ternium), energy (Tecpetrol), and engineering (Techint Engineering & Construction). Comparable to SCP as a diversified Argentine holding with international subsidiaries and long operating history.
• Grupo Pérez Companc: Argentine energy and infrastructure holding company with assets in oil & gas, petrochemicals, and telecommunications. Comparable to SCP as a multi-decade Argentine holding with diversified industrial and energy stakes.
• Sociedad Macri (SOCMA): Long-standing Argentine holding company with diversified investments in construction, agroindustry, energy, and automotive. Closely comparable to SCP in structure, country exposure, and strategic-sector focus.

Regional players

• IRSA Propiedades Comerciales: Argentine real estate holding company focused on shopping centers and office properties. Comparable to SCP's Delta del Plata real estate segment, though IRSA is more focused on commercial real estate.

Emerging players

• Vista Energy: Argentina-focused upstream oil and gas operator with operations in Vaca Muerta and other basins. Comparable to SCP's CGC stake in terms of Argentine E&P exposure and reserves base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sociedad-comercial-del-plata-sa-cadn-

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sociedad Comercial Del Plata Sa