Miquel y Costas & Miquel, S.A. is a specialty paper manufacturer with a history dating back to 1725. The company's core business is the production of fine and lightweight papers, with a strong specialization in the tobacco industry, providing cigarette tissue, plug wrap paper, and rolling paper booklets (including the well-known "Smoking" brand). Beyond tobacco, the company has diversified into industrial and specialty products, manufacturing high-performance papers for tea bags, coffee capsules, decorative laminates, and pharmaceutical printing. The business operates through three main segments: Tobacco Industry, Industrial Products, and Others. Miquel y Costas is highly export-oriented, generating the vast majority of its revenue outside of Spain, with significant sales across the European Union, the Americas, and other international markets. The company's competitive advantage lies in its proprietary papermaking technology, vertical integration including its own pulp production, and a strong focus on sustainability and decarbonization.
