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Bunge Global SA (NYSE: BG) is a leading global agribusiness and food company, with a strong presence in over 40 countries and employing approximately 35,000 people. Founded in 1818 and headquartered in White Plains, New York, Bunge operates at every stage of the food production chain. The company specializes in buying, selling, storing, and transporting oilseeds and grains to meet the needs of customers worldwide.
Bunge processes oilseeds to produce protein meal for animal feed and edible oil products for both commercial customers and consumers. The company is also engaged in the production of sugar and ethanol from sugarcane, as well as milling wheat, corn, and rice to create ingredients for food companies. Additionally, Bunge is a significant seller of fertilizer in South America.
The company operates through several segments, including Agribusiness, Refined and Specialty Oils, Milling, Sugar and Bioenergy, and Corporate and Other. The Agribusiness segment generates the majority of Bunge's revenue and includes activities related to oilseed and grain processing. By leveraging its extensive global network and state-of-the-art facilities, Bunge ensures the efficient transportation and processing of agricultural commodities.
In recent developments, Bunge has partnered with ag-tech start-up WeedOut, Ltd., through its investment arm, Bunge Ventures. WeedOut specializes in developing green solutions to combat herbicide-resistant weeds, an issue posing a significant threat to agriculture and food security worldwide. This collaboration aims to enhance crop yields and reduce reliance on chemical herbicides.
With a commitment to sustainability and innovation, Bunge continues to play a crucial role in connecting farmers to consumers, delivering essential food, feed, and fuel to a growing global population.
Bunge Limited (NYSE: BG) announces the retirement of Raul Padilla, President of Global Operations, effective December 31, 2021. His responsibilities will be redistributed internally, with Julio Garros assuming external relations in South America. Garros has 19 years of experience at Bunge, notably as Global Transformation Leader. Padilla has been instrumental in positioning Bunge as a leader in oilseed processing and has served since May 2019. CEO Greg Heckman acknowledged Padilla's contributions and expressed optimism about future advancements in shareholder value with the new leadership.
Bunge has launched the Bunge Sustainable Partnership initiative to enhance traceability and monitoring of soybeans in Brazil's Cerrado region, a critical area for deforestation. This program aids grain dealers in implementing verification systems, offering Bunge's geospatial monitoring tools at no cost. Currently, Bunge achieves 100% traceability for direct purchases and aims to extend this to indirect purchases over the next four years, monitoring 30% of these currently. The initiative supports Bunge's commitment to achieving deforestation-free supply chains by 2025.
Bunge Limited (NYSE: BG) has completed the sale of its Rotterdam refinery to Neste Corporation (NESTE.HE). The transaction allows Bunge to lease back the facility in a phased transition that will last until the end of 2024, ensuring a seamless supply for customers. This strategic move reflects Bunge's commitment to operational efficiency and customer service continuity during the transition period.
Bunge Limited (NYSE: BG) has declared a regular quarterly cash dividend of $0.50 per common share, payable on June 2, 2021, to shareholders of record on May 19, 2021. Additionally, a quarterly cash dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares will be paid on June 1, 2021, to shareholders of record on May 18, 2021. These dividends reflect Bunge's commitment to returning value to its shareholders.
Bunge Limited (NYSE:BG) reported robust financial results for Q4 and full-year 2020. The company achieved a full-year GAAP EPS of $7.71, a significant recovery from $(9.34) the previous year, while Q4 GAAP EPS reached $3.74 versus $(0.48) in 2019. Strong performance in Agribusiness and Edible Oils contributed to a full-year adjusted funds from operations of approximately $1.9 billion, up $800 million year-over-year. The favorable market environment is expected to continue into 2021, driven by strong demand and tight supplies, according to CEO Greg Heckman.
Bunge has entered into a 10-year agreement with Direct Energy Renewable Services to supply renewable energy to its Fort Worth, Texas oils packaging facility, offsetting 100% of its power usage with Renewable Energy Credits from Texas wind power. This initiative, effective from August 2021, is part of Bunge's broader commitment to sustainability, aiming to reduce greenhouse gas emissions and enhance its environmental footprint by 2026. The company has already achieved 100% renewable electricity at its Kansas plants and continues to invest in wind and solar energy across its supply chains.
Bunge Limited (NYSE: BG) will release its financial results for Q4 2020 on February 10, 2021, before market opening. A conference call with management is scheduled for 7:00 AM Central Time to discuss the results. Interested parties can access the call by dialing the specified numbers or through a live webcast available on Bunge’s website. A replay will be accessible from February 10 to March 10, 2021. Bunge is a global leader in sourcing and processing oilseed and grain products, serving a vast network of farmers and consumers worldwide.
Bunge Limited (NYSE: BG) has declared a quarterly cash dividend of $0.50 per common share, payable on March 2, 2021, to shareholders of record on February 16, 2021. Additionally, a dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares will be paid on March 1, 2021, to shareholders of record on February 15, 2021. The company, a leader in oilseed and grain sourcing, highlights its commitment to providing value to shareholders through these dividends.
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