The investment portfolio diversifies
In partnership with Kimberly Clark Corporation, Coltabaco Colombiana S.A. creates Colkim, with the initial goal of making cigarette paper; then extends its corporate purpose to include the manufacture, sale and export of paper, especially disposable hygienic, sanitary products for domestic use and fine papers.
In this decade, Coltabaco participates in creating Promotora de Hoteles Medellín S.A. (Medellin Hotels Promoter), which undertakes the construction and equipping of the Hotel Intercontinental Medellin.
In 1972, acquired a significant stake in Colombian Universal Papers, Colpapel, having as partner Kimberly Clark Co., which later (in the 90s), would merge with Colombiana Kimberly, to create Colombiana Kimberly Colpapel SA.
Likewise, in the early 70s, Coltabaco participates in the constitution of Conavi (Corporacion de Ahorro y Vivienda) Savings and Housing Corporation.