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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) will hold its Annual General Meeting of Shareholders on May 11, 2023, at 11:00 a.m. Central Time. The meeting will be conducted as a virtual-only event, accessible via a live audio webcast at www.virtualshareholdermeeting.com/BG2023. Shareholders can vote their shares and submit questions using their control numbers from proxy materials. The record date for voting eligibility was March 13, 2023. All shareholders are encouraged to vote in advance of the meeting, regardless of attendance plans.
Bunge connects farmers to consumers, delivering essential food and fuel. The company operates over 300 facilities in 40 countries, employing nearly 23,000 people. For ongoing updates, investors can visit Bunge's website.
Bunge (NYSE: BG) has finalized an asset purchase agreement to acquire Fuji Oil New Orleans' newly constructed port-based refinery at IMTT's Avondale Terminal in Louisiana. This state-of-the-art facility boasts multi-oil refining capabilities, enhancing Bunge’s customer base and operational footprint in North America. The acquisition aligns with Bunge's long-term strategy to expand its value-added oils segment, with expectations to commence operations in Q2 2023. The facility's expansion will create new job opportunities and strengthen Bunge's partnerships within the local community. Bunge has a longstanding relationship with IMTT, dating back 80 years, emphasizing their commitment to the region.
Bunge Limited (NYSE: BG) will announce its Q1 2023 results on May 3, 2023, before market opening. A conference call is scheduled for 7:00 am CT to discuss these results, accompanied by a slide presentation available on www.bunge.com.
Investors can access the webcast in the 'Events and presentations' section of the website. A replay will be available from May 3 to June 3, 2023, via specific dial-in numbers provided in the release.
Bunge aims to sustain global food security and innovate in food solutions, supported by a workforce of nearly 23,000 across 300 facilities in over 40 countries.
Bunge Limited (NYSE: BG) announced leadership changes ahead of the 2023 Annual General Meeting. Non-executive chairperson Kathleen Hyle and director Erik Fyrwald will not seek re-election. Mark Zenuk, a board member since 2018, is nominated to serve as non-executive chairperson, pending re-election. The board also plans to nominate Monica McGurk, CEO of Tropicana, and David Fransen, former chairman of Vitol, as new directors. Hyle expressed pride in the company's achievements during her tenure, while Zenuk emphasized the importance of the new nominees' experience in agribusiness and consumer goods. These changes aim to steer Bunge toward continued growth.
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