Minneapolis-based Cargill is likely one of the world’s prime producers and distributors of agricultural merchandise similar to sugar, refined oil, cotton, chocolate, and salt. Founded in 1865 by William Cargill, it has remained within the household ever since. The firm’s descendants personal greater than 90% of the corporate right this moment.
According to the firm’s web site, its function is to “nourish the world in a safe, responsible and sustainable way.” The firm says it does so by combining expertise with improvements in expertise to serve customers throughout the globe. Learn a little bit extra in regards to the firm in addition to the highest 5 firms owned by Cargill.
- Cargill is likely one of the largest personal firms within the United States.
- The firm has 4 principal working divisions together with agriculture, animal vitamin and protein, meals, and monetary and industrial companies.
- Cargill’s prime 5 firms are Cargill Cotton, Cargill Ocean Transportation, Cargill Cocoa & Chocolate, Diamond Crystal Salt, and Truvia.
Cargill: An Overview
Cargill is likely one of the largest personal firms within the United States. Headquartered in Minnetonka, Minnesota, the corporate employs greater than 160,000 individuals and operates in additional than 125 totally different nations. The firm has constantly ranked among the many prime of Forbes’ listing of personal firms.
Cargill has been Forbes’ prime personal firm for 28 years since 1990.
The firm has 4 totally different enterprise divisions:
- Agriculture: Cargill connects producers or grain, oilseeds, and different agricultural commodities with customers by way of processing, advertising and marketing, and distribution. The firm additionally hyperlinks crop and livestock producers with farm companies and merchandise.
- Animal Nutrition and Protein: The firm serves producers in a variety of animal meals companies similar to dairy, pork, and pet meals, together with meat and poultry merchandise to totally different meals firms and retailers.
- Food: This phase serves meals producers, foodservice firms, and retailers meals and beverage elements and companies.
- Financial and Industrial: Along with meals and agricultural services and products, Cargill additionally offers its clients with trade-related monetary options and threat administration companies.
Cargill’s management workforce is headed by chairman and chief government officer (CEO) David MacLennan. He took over as the corporate’s ninth CEO in 2013. Before assuming the position of CEO, MacLennan was the corporate’s chief monetary officer (CFO) and its chief working officer (COO). He first joined the corporate in 1991 as a part of the monetary markets division.
Because the corporate is personal, it limits the discharge of economic particulars, however its annual report lists adjusted working earnings dropped 12% to $2.82 billion in fiscal 2019. Cargill plans to shed a few of its poorly performing firms and concentrate on its extra worthwhile strains of enterprise.
Cargill’s cotton operations have roots courting again to 1818. With operations in India, the United Kingdom, Africa, Australia, Turkey, Brazil, and China, Cargill Cotton has a presence in each cotton-producing and cotton-consuming area of the world. It operates warehouses within the United States and Brazil and makes use of its huge logistics infrastructure to ship the commodity around the globe.
Cargill Cotton buys cotton all through the world and has greater than 1,000 staff. Through partnerships with different Cargill companies, Cargill Cotton offers all kinds of provide chain help similar to monetary options, threat administration, high quality management, and logistics.
The division assumed the title Cargill Cotton in 2002. Before this, it operated beneath the title Hohenberg Bros. Co. Cargill Cotton is headquartered in London.
Cargill Ocean Transportation
Based in Geneva, Switzerland, Cargill’s Ocean Transportation has a number of places worldwide and has a fleet of tons of of vessels transporting tons of of thousands and thousands of tons of cargo per 12 months. The firm makes 1000’s of port calls yearly to over 700 totally different ports around the globe. Iron ore, coal, grain, fertilizer, and sugar symbolize a lot of Cargill’s cargo, and the corporate is ready to transport over 100 different dry bulk commodities.
The firm additionally gives tanker freight transport companies for crude oil and petroleum merchandise. Cargill maintains that it’s dedicated to defending the atmosphere utilizing protected and environment friendly ships, and researching and creating new applied sciences similar to SkySails, which makes use of wind energy.
Cargill Cocoa & Chocolate
Cargill’s Cocoa and Chocolate firm operates alongside the complete cocoa provide chain, with sourcing and processing operations within the Ivory Coast, Ghana, Brazil, Cameroon, and Indonesia. The firm produces all kinds of cocoa and chocolate merchandise in Europe, North America, and Brazil beneath the Wilbur, Peter’s, and Veliche model names. Cargill additionally offers merchandise used by meals firms around the globe.
The cocoa trade faces a number of challenges that threaten the availability of the commodity. The majority of the worldwide cocoa crop comes from small farms in rising markets in West Africa. Most of those farms have been established many years in the past, and now have growing older, less-productive bushes. Expecting worldwide demand for cocoa and chocolate to extend, Cargill plans to offer farmer coaching, group help, and farm improvement to enhance sustainability.
Diamond Crystal Salt
Cargill is the most important supplier of salt within the United States and markets quite a lot of salt merchandise by way of its Diamond Crystal model. Cargill first entered the salt trade when it acquired mineral rights in Belle Isle, Louisiana, in 1962. The firm additionally acquired quite a few rock salt mines throughout the United States within the a long time to observe and doubled in dimension with the acquisition of Diamond Crystal from Akzo Nobel Salt in 1997.
Diamond Crystal produces salt at rock salt mines, evaporated salt crops and photo voltaic salt operations at a number of U.S. places and in Australia. It additionally harvests salt from offshore places similar to Bonaire and Venezuela. The firm produces, packages, and ships salt for agricultural, meals, water conditioning, industrial, and packaged ice management functions.
Developed collectively with Coca-Cola (KO), Truvia is a zero-calorie stevia-based sugar substitute marketed by Cargill as a tabletop sweetener and meals ingredient. Because Truvia comes from the stevia plant, Cargill classifies the product as a pure sweetener. Coca-Cola makes use of stevia in its Coca-Cola Life beverage model.
Cargill additionally developed a brand new zero-calorie product in 2015 that it calls EverSweet, utilizing a brand new fermentation course of that produces sure molecules within the stevia plant. The course of, developed together with Swiss biotech firm Evolva Holding SA may probably present main beverage producers with a low-cost pure sweetener.