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CIO, Compañía de las Islas Occidentales

CIO Compañía de las Islas Occidentales has been, since its foundation, a great hard working family. This has been the hallmark that has forged the essence of the company, remaining unchanged throughout the 19th and 20th centuries and in these first years of the 21st century.

The Zamorano family began its industrial activities in 1850 in Santa Cruz of Tenerife in the tobacco sector. Of those early decades, we are aware of certain milestones such as the creation of the first commercial ties with Europe and South America, from where technology was imported; or the participation in pioneering sectors, such as the film industry.


The testimony of this “industrial” curiosity has continued until today with the descendants of Luis Zamorano Tais, founder and first president of the Record factory – since 1949 Centro Industrial de Tabaqueros Asociados (CITA) – which popularized with great success some of the leading Spanish tobacco brands.

As well as CITA, Luis Zamorano Tais also drove the diversification of the company’s portfolio, with companies such as 7 mares, Montesano, Frigoten (frozen products sector), Galeria Ganigo (art gallery) and the supermarket San Antonio, amongst others.

In 1975 the family opened a water bottling plant, AVISA – Aguas de Vilaflor, which would become a market leader in the Canary Islands water sector. Today this brand is Fuentealta.

The entrepreneurial character of the Zamorano Family was once again manifest when they took on the expansion of its activities and the diversification into new projects, this time within a new sector, tourism. Following several years invested in its construction, in 1993 the company opened a hotel establishment that became a landmark in The Canary Islands offering a perfect combination between innovation and tradition: Bahía del Duque.

Two decades later, the Bahía del Duque is still an international leader, it has incorporated new products to its facilities such as The Villas, which offer exclusive services, as well as the Spa Bahía del Duque, a unique outdoor thalassotherapy centre in the Canary Islands and deserving of awards beyond our borders for its facilities and the quality of its treatments.

In 2005, the Zamorano family sold its participation in CITA to the multinational company Gallagher, grouped the rest of the companies in Compañía de las Islas Occidentales and focused its activities towards the following sectors: tourism, real estate, financial, industrial and services.

Today, the Grupo CIO manages buildings and industrial spaces in Tenerife; it offers general and security services to companies and industries, it had its 40 year anniversary bottling and distributing water and it plans, creates and manages hotels and resorts in different parts of the world.

CIO GROUP CSR REPORT 2013

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