- uploaded: Aug 2, 2011
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CARGILL - THE FULL MONTY
1. The worldĂ˘â‚¬â„˘s largest cocoa trader, Cargill also processes the beans into cocoa liquor, butter and powder, the raw materials for chocolate
2. The worldĂ˘â‚¬â„˘s largest sugar trader, Cargill buys from countries such as Brazil and selling to Egypt, India, China, Russia, Ukraine and others
3. Cargill is developing a business focused on replacing petrochemical-based plastic products with soya-based products
4. Cargill produces sterols, plant compounds that help cut cholesterol levels, used in orange juice and other products
5. Cargill merchandises cotton worldwide, buying and sell cotton in North America, Europe and Asia and operates cotton gins in Africa
6. Animal feeds are supplied by Cargill to commercial dairy farmers in 28 countries across North and South America, Europe and Asia
7. The worldĂ˘â‚¬â„˘s largest corn processor, Cargill handles about 20 per cent of the US crop
8. Cargill Pork is involved in pork production in the US and export
9. Cargill Kitchen Solutions is a leading marketer of high value, processed egg products in the US
10. From seasoning used in processed foods such as baked beans to the kind used on frozen roads, Cargill produces more than 1,000 types of salt
11. Through its subsidiary, The Mosaic Company, Cargill is a leading producer of fertilisers, supplying fruit and vegetable farmers around the world
12. CargillĂ˘â‚¬â„˘s grain and oilseed subsidiary trades grains and employs 15,000 people in 50 countries, operating 324 silos and 31 import-export terminals
This is a Grand Daddy of Mega Corporations!
Cargill, Incorporated is a privately held, multinational corporation, based in Minnetonka, Minnesota. Founded in 1865, it is now the largest privately held corporation in the United States in terms of revenue. If it were a public company, it would rank in the top 10 companies in the Fortune 500. Some of Cargill's major businesses are trading, purchasing and distributing grain and other agricultural commodities; trading in energy, steel and transport; the manufacture and sale of livestock and feed; producing food ingredients such as starch and glucose syrup, vegetable oils and fats for application in processed foods and industrial use. Cargill also operates a large financial services arm, which manages financial risks in the commodity markets for the company. In 2003, it split off a portion of its financial operations into a hedge fund called Black River Asset Management, with about $10 billion of assets and liabilities. It owned 2/3 of the shares of The Mosaic Company (sold off in 2011), one of the world's leading producers and marketers of concentrated phosphate and potash crop nutrients.
Cargill declared revenues of $116.6 billion and earnings of $3.33 billion in the 2009 fiscal year. Employing over 130,000 employees in 66 countries, it is responsible for 25% of all United States grain exports. The company also supplies about 22% of the US domestic meat market, exporting more product from Argentina than any other company and is the largest poultry producer in Thailand. All of the eggs used in McDonald's restaurants in the US pass through Cargill's plants. It is the only producer of Alberger process salt in the US, which is highly prized in the fast-food and prepared food industries.
Cargill remains a family-owned business, as descendants of the founder (from the Cargill and MacMillan families) own over 85% of the company. As a result, most of its growth has been due to reinvestment of the company's own earnings, rather than public financing. Gregory R. Page, who is not part of either the Cargill or MacMillan families, is the chief executive officer of Cargill. He succeeded former CEO Warren Staley in mid-2007, as Staley hit Cargill's mandatory retirement age of 65.