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Cargill

FB Roundup: Heineken, Continental, and Cargill

August 8, 2018

Heineken strikes Chinese expansion deal, Continental splits its business, and Cargill bulks up on meat, animal feed

Heineken strikes Chinese expansion deal

Heineken has taken a $3.1 billion stake in the parent company of China’s largest brewery, China Resources Beer, heating up competition among Western brewers breaking into the largest emerging market.

Heineken, the world’s second largest brewer and 50% owned by the founding family, currently runs at a loss in China, and the new acquisition will give it access to strong distribution networks, and the chance to acquaint Chinese drinkers with its products.

The families taking on tech disrupters

February 20, 2018

Enzo Ferrari would have celebrated his 120th birthday this week, but his namesake supercar company is one of several major family businesses looking to the future and new technologies.

Enzo Ferrari would have celebrated his 120th birthday this week, but his namesake supercar company is one of several major family businesses looking to the future and new technologies.

FB Roundup: Cargill, Armani, and BMW Mini

July 27, 2017

Demand for meat drives Cargill profits, Armani reorganises as sales slip, and BMW to make e-Mini in UK

Demand for meat drives Cargill profits

Cargill, the US’s biggest private company, has made its largest profit in six years thanks to high consumer demand for meat.

The company’s protein business was the biggest contributor to its $3.04 billion adjusted earnings for the year ending 31 May, up 85% from $1.64 billion in the previous financial year. Net profit was $2.84 billion.

David MacLennan, chief executive, attributed the strong result to a two-year restructuring effort and favourable market.

FB Roundup: Maersk, Cargill, and Henkel

March 10, 2017

Maersk and IBM to launch supply chain solution; Cargill and CARE renew partnership; and Henkel to acquire Mexican haircare business

Maersk and IBM to launch supply chain solution

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, has announced a partnership with IBM to implement blockchain technology across its global supply chain.

The new technology will be made available to the logistics industry and aims to manage and track the paper trail of millions of shipping containers—an innovation that could save the industry billions.

FB Roundup: Samsung, Hanjin Shipping, and Cargill

February 16, 2017

Samsung heir arrested in corruption scandal; Hanjin Shipping sunk by South Korean court; and Cargill to invest further $300 million in Egypt

Samsung heir arrested in corruption scandal

FB Roundup: Cargill, Ab InBev, and chaebol crisis

November 25, 2016

Cargill invests $50 million is its Thai facility; Corona founder leaves $3 million to each villager in hometown; and Chaebol crisis heats up, leaders questioned

Cargill invests $50 million is its Thai facility

Family-controlled Cargill, the world’s largest agricultural commodities trader, is investing $50 million to expand its poultry-processing operations at its facility in Thailand.

Based in the Nakhon Ratchasima province, Cargill’s expansion will create 1,400 new jobs and add to the more than 13,500 people already working across 14 locations in Thailand.

FB Roundup: Cargill, Dalian Wanda, and Hero Motocorp

August 12, 2016

Grain market slump affects Cargill’s operating profit; Chinese richest man may gain support for Wanda delisting; and Hero MotoCorp reappoints Pawan Munjal as CEO

Grain market slump affects Cargill’s operating profit

Family-controlled Cargill, the world's largest agricultural commodities trader, has revealed its weakest operating profit in four years following a slump in grain markets.

The US-based family business earned $1.64 billion in the year ending 31 May, down 15% from the year before.

FB Roundup: Cargill, Merck, and Volkswagen

June 17, 2016

Cargill gets $10 million in tax breaks to stay in Wichita; Merck shares sore following lung cancer study; and Volkswagen families display unity ahead of annual general meeting

Cargill gets $10 million in tax breaks to stay in Wichita

A deal to keep family-controlled Cargill operating in Wichita includes nearly $10 million in tax breaks from government entities over a 10-year period, according to documents obtained by the Associated Press.

Family Business Roundup: Cargill, Cemex, and Volkswagen

March 11, 2016

Cargill plans to reduce antibiotic resistance in cattle; CEMEX to sell assets in Bangladesh, Thailand; and Volkswagen's US chief resigns amid on-going crisis

Cargill plans to reduce antibiotic resistance in cattle

Family-controlled Cargill, the world’s largest agricultural commodities trader, is reducing the use of antibiotics in its cattle following concerns about risks to humans from antibiotic-resistant bacteria.

The Minnesota-based company said it would eliminate 20% of antibiotics known to be important to humans from its four feed yards in Texas, Colorado and Kansas.

Family Business Roundup: Heineken, Ikea, and Cargill

September 11, 2015

Heineken buys 50% of Californian craft brewer; Ikea sales rise 11% to record €32 billion; and Cargill CEO David MacLennan to become chairman

Heineken buys 50% of Californian craft brewer

Dutch family brewer Heineken, owned by the eponymous family, has announced plans to purchase a 50% stake in Californian craft brewer Lagunitas.

According to a company statement, the deal will provide Heineken with a foothold in the booming craft beer market and Lagunitas with a boost to its global customer base. Financial terms of the deal were not disclosed.