Cargill growth and profit
Greg Page, Cargill chairman and chief executive officer, said Cargill's business diversity was a source of strength. "Operating in many industries and in many countries allowed us to cushion some of the downturn by serving areas of growth, particularly in developing economies that experienced smaller declines in their gross domestic products."
Cargill continued to reinvest globally in fiscal 2009, opening or expanding major processing facilities in Brazil, Canada, China, France, Ghana and the United States, strengthening its global supply chains in canola, cocoa, palm, soy and biofuels. The company employs 159,000 people in 68 countries. - Cargill.com, 18/8/09
“Cargill CEO Greg Page says he often learns more from his own company than from the media about what’s going on in the world, thanks to far-flung offices operating in 68 countries. Reports on everything fro crop progress to weather patterns, political uprisings, stranded ships and commodity prices stream into Cargill’s Minetonka, Minnesota, headquarters every morning from employees working in industries as diverse as grain, finance, biofuels and cocoa. The information often gives Cargill an edge as it works as the world’s middleman.” - ST, 19/8/09 – Being its hometown newspaper, the Minneapolis-St.Paul Star-Tribune has privileged access to Cargill and as a result is the best public source for Cargill insider news. We receive clippings from the paper regularly.
Cargill is to introduce its Ingeo bioplastics to Brazil, offering the food, cosmetics and other industries a new packaging material derived from sugar instead of petroleum. Since the formation of NatureWorks as a 50-50 joint venture between Cargill and Teijin, the plastics have been used by more than 100 brands in the US, Europe and Asia . On 1 July Cargill announced its acquisition of 100 per cent of the NatureWorks business, with the latter becoming am independent company within the wider Cargill fold. The bioplastics, made in Nebraska, are to be imported through the port of Santos and will be stored at Cargill’s centre in San Paolo. - Foodproductiondaily.com, 7/7/09