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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 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.
Bunge Limited (NYSE: BG) announced the sale of its rice mill in Woodland, California, to Farmers' Rice Cooperative. The transaction will be finalized by the end of 2020, pending customary closing conditions. CEO Greg Heckman stated that the mill had limited connections to Bunge's broader value chains, prompting the decision to sell. This move is part of a portfolio review aimed at optimizing operations.
Bunge Limited (NYSE: BG) announced the sale of its Rotterdam refinery to Neste Corporation for €258 million, excluding working capital. The transition includes a leaseback arrangement allowing Bunge to maintain operations until 2024. This strategic move aligns with Bunge's goal of enhancing its asset footprint and operational efficiency, aimed at expanding its value-added oils and oilseeds-based ingredients portfolio. The deal is expected to close in Q1 2021, pending regulatory approvals.
Bunge Limited (NYSE:BG) reported impressive Q3 2020 results, achieving a GAAP EPS of $1.84, a significant improvement from $(10.57) a year prior. Adjusted EPS rose to $2.47, up from $1.28. The Agribusiness segment excelled in oilseed processing, benefiting from increased margins and volumes. Full-year adjusted EPS outlook has been raised to $6.25-$6.75 due to robust Q3 performance and promising market trends. CEO Greg Heckman noted strong execution and demand in biofuels as positive indicators for continued growth.
Bunge Limited (NYSE: BG) will report its third-quarter 2020 financial results on October 28, 2020, before market opening, followed by a conference call at 7:00 a.m. Central Time. A slide presentation will be available on their website. Investors can access the call by dialing specific numbers based on their location. A replay will be available from October 28 to November 28, 2020. Bunge, founded in 1818, is a leader in oilseed and grain products, with a global network supporting farmers and consumers.
Bunge Loders Croklaan (BLC) has inaugurated its first shea butter processing facility in Tema, Ghana, marking the largest of its kind in Africa. The facility, which became operational in 2019, supports local economies by employing 73 individuals and enhancing the shea supply chain. The company launched the Where Life Grows campaign to promote sustainability and empower local communities. Shea butter demand is projected to grow significantly, with 16 million African women reliant on the shea industry for their livelihoods. BLC aims to foster socio-economic development while adhering to sustainable practices.
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