SUPERSPUMA DEL PARAGUAY S.A.E.C.A.

What it is

Superspuma is Paraguay’s primary producer of polyurethane foam and its derivatives, and also manufactures and markets mattresses, cushions, pillows and upholstery used in furniture carpentry. Its products reach Argentina, Brazil and Uruguay through export, and it operates two production plants — one in Villeta, Paraguay, and one in Curitiba, Brazil.

The company owns a 100%-controlled subsidiary, Superspuma Del Paraguay – Filial Resistencia, in Argentina. It was founded on 24 July 1976.

Who owns it

The Campuzano family controls Superspuma across both the boardroom and management. The board’s president is Sra.

Petrona Bogado de Campuzano, as recorded by Paraguay’s securities regulator, the Superintendencia de Valores (SIV).

José Campuzano serves as general manager and president of the board of directors of Superspuma del Paraguay S.A.E.C.A. Héctor Campuzano holds the role of director and vice-president of the company, and Martín Campuzano is also vice-president.

Not published: the exact percentage split of family shareholdings and the free-float available to outside investors are not disclosed in the publicly accessible filings on the BVA or SIV websites; Paraguayan listed companies are required to disclose ownership structure in their periodic annual reports under Resolution SV SG N° 0022/2024, but SSP’s filings are in arrears (see below).

Who runs it

José Campuzano is general manager and board president of Superspuma. He holds a degree in Business Administration from the Universidad Católica Nuestra Señora de la Asunción and a further qualification from Campbellsville University in the United States.

Not published: the name of a CFO or chief financial officer is not disclosed in available public filings on the BVA, the SIV (siv.bcp.gov.py), or the company’s own website. No filing in the SIV registry names a CFO separately from the board.

The money, in plain words

Not published: the precise revenue, net profit, total assets, return on equity, price-to-earnings ratio, dividend yield and market capitalisation are not accessible in the freely available filings on the Bolsa de Valores de Asunción (bolsadevalores.com.py) or the Superintendencia de Valores (siv.bcp.gov.py). The BCP/SIV registry page for SSP lists regulatory actions rather than financial statements; the 2017 and 2018 periodic-report PDFs hosted at siv.bcp.gov.py/registros/emisoras/superspuma/ returned only contact-address content.

Under Resolution SV SG N° 0022/2024, listed issuers must file quarterly and annual periodic reports, but SSP has been suspended repeatedly for non-compliance (see below). The EMIS commercial database holds audited figures behind a paywall.

What the public record does confirm: revenue (net income from operations) grew 30.07% in 2024, and total assets expanded 11.89% in the same year — both figures from EMIS, sourced from SSP’s regulatory filings. The net margin also improved — it grew 12.94% in 2024, meaning the company kept a larger share of each guaraní earned, though the absolute margin level is not in the public domain.

A 30% jump in sales with expanding margins points to strong operating leverage — the company appears to be growing faster than its costs.

What it is doing now

The Superintendencia de Valores suspended SSP automatically from raising new capital in the primary market on 19 May 2025, because the company failed to submit its quarterly periodic report for the period ended 31 March 2025, as required under Resolution SV SG N° 0022/2024. This follows two earlier automatic suspensions — on 15 November 2024 and 19 April 2024.

Separately, Superspuma recently underwent a brand rebranding exercise carried out by the agency Piñeiro Brand Atelier, signalling active investment in its consumer-facing image even as its regulatory compliance lapsed. It was among 34 issuers on the Bolsa de Valores suspended by the Superintendencia de Valores in late 2024 for failure to submit periodic financial information.

What to watch

• Filing cure: Until SSP submits its overdue quarterly and annual reports, it cannot raise fresh capital through the BVA. Restoring compliance is the single most important near-term trigger for any investor.
• Transparency gap: A company posting 30% revenue growth but repeatedly missing mandatory disclosure deadlines is a red flag — the strong operating story cannot be independently verified until full audited statements are on file.
• Family governance: With the Campuzano family occupying the presidency, vice-presidency and general management, minority investors have limited structural protection; any governance reform or outside director appointment would change the risk profile.
• Regional expansion: Exports to Argentina, Brazil and Uruguay plus the Curitiba plant give SSP genuine Southern Cone reach — watch for new distribution agreements or further capacity investment as the region’s furniture and bedding markets recover.

This is news, not investment advice.