BUNGE LIMITED

It is a global agribusiness and food company, headquartered in White Plains, New York.

It was founded in 1818 by Johann P.G. Bunge.

It is an international soyabean exporter and is also involved in food processing, grain trading

and fertilisers.

The company has over 35000 employees at 400 facilities spread over 40 countries.

It was formerly known as Bunge International.

KEY FACTS

Founded: 1818

Headquarters: White Plains, New York

Key people : Soren Schroder, CEO, Bunge Limited

: Drew Burke, CFO, Bunge Limited

: Michael Goettl, CEO, Bunge Asia

: Gordon Hardie, MD, Food and Ingredients, Bunge Limited

Key financials (year ended Dec13)

: Net Sales US $61.34 billion

: Gross profit US $2.76 billion

: Net income attributable to Bunge US $306 million

: Net income available to Bunge common shareholders US $230 million

CORE VALUES

Bunges five core values include

Integrity

Teamwork

Citizenship

Entrepreneurship

Openness and Trust

HISTORY

1818-1905 Johann Bunge founds Bunge and Co. in Amsterdam, Netherlands, as an

import/export trading firm. Later it is relocated to Antwerp, Belgium and it goes on to

become one of the worlds leading commodities traders

1905-1935 Bunge expands into Brazil and North America and diversifies into wheat milling

business. It diversifies further into cottonseed processing

1935-1967 Bunge builds its first grain handling facility in Minnesota; enters the Brazilian

fertilizer and soyabean export market; consolidates its position in North America by

acquiring grain elevators

1967-1985 Bunge builds on its soy processing and exporting business in North America. It

acquires Lauhoff Grain Company and becomes the worlds largest corn dry miller

1985-1997 Bunge wins Presidential World Without Hunger Award for its efforts to

combat hunger with famine relief products; major expansion drives undertaken in South

America

1997-2001 Bunge moves its headquarters to White Plains, opens office in China and soon

becomes the largest importer of soy complex commodities in the region. In 2001, it goes

public on NYSE

2002 Bunge acquires Cereol and becomes the worlds largest soy processor and supplier of

bottled oil

2003-date Bunge acquires Hindustan Levers edible oils and fats business; expands into

Turkey and invests in food and agribusiness in Russia; acquires German margarine producer

Walter Rau; acquires Petrobras fertilizer operations in Argentina; adds 5 new sugarcane

mills to its 3 existing ones in Brazil; expands into complementary value chains

2004 Bunge improves its geographic balance and positions itself for growth in the

consumer , meat production markets of eastern europe. The company opens a new port in

Turkey, begins a construction ofport in Latvia and invests in food products and agribusiness

in Poland, Russia and Ukraine

2005 Company purchases iits first soyabean crushing and refining plant in China, located

port city of Rizhao. Bunge forms a biodiesel plant next to Mannheim in Germany.

2006- Bunge opens a soyabean processing plant in the port of Bilbao in in Spain and on oil

packaging plant in Texas

2008- Acquires German Margarine producer Walter rau and expands its sugar business by

adding Tate and Lyles trading arm

2009 Bunge continued to strengthen its core business. It begins construction of export

terminal in the US Pacific Northwest and a soyabean producing plant in Vietnam

2010 Bunge further expands its business into complementary value chains by adding 5 new

sugarcane mills to its existing three mills in Brazil. Bunge now operates a large scale sugar

and bio energy business capable of producing various sugar and ethanol products

BUSINESSES

Agribusiness Purchase grain and oilseeds from farmers; store, transport and sell raw

commodities to end customers in domestic and export markets; process oilseeds into

protein mean and crude vegetable oil; provide financialservices, risk management and

logistics services to end consumers.

Sugar and Bioenergy Bunge entered the global sugar market as a trader in 2006, and has

since built a strong position as a producer and marketer of sugar and ethanol.

Food and Ingredients Food & Ingredients is comprised of two businesses - edible oils and

milling. The edible oils business produces specialty oils and fats, margarines, mayonnaise,

shortenings and whipped toppings.The milling business creates milled wheat, corn and rice

products.

Fertilizers Bunge sells blended NPK (nitrogen, phosphate and potassium) fertilizer

formulas, mixed nutrients and liquid fertilizer products to farmers and distributors in South

America.

LOCATIONS

Present across more than 40 countries

North America: Canada, USA, Mexico

South America: Argentina, Bolivia, Brazil, Colombia, Paraguay, Peru, Uruguay

Europe: Austria, Belgium, Bulgaria, England, Finland, France, Germany, Hungary, Italy,

Netherlands, Poland, Portugal, Russia, Romania, Russia, Spain, Switzerland, Ukraine

Africa: Egypt, Kenya, South Africa, Turkey

Caribbean: Antigua, Bahamas, Haiti, Jamaica, Trinidad & Tobago

Central America: Guatemala, Costa Rica, El Salvador, Honduras, Nicaragua

Asia Pacific: Australia, China, Thailand, Japan, Philippines, Singapore, Thailand, Vietnam,

India

India is a growth market for edible oil. Bunge operates oilseed processing, refining and

packaging plants and sells retail and commercial products including Dalda, Masterline

and Chambal. In 2012, Bunge India acquired the edible oils and fats business of Amrit

Banaspati, whose portfolio of brands includes Amrit, Bansari, Ginni, Merrigold and

Sunehri Teer, and the rights to the vanaspati brand, Gagan

PRODUCTS IN INDIA

Lifestyle products Ginni Nutri Delight Nuggets, Merrigold Table Margarine, Merrilite

Vegetable Spread.

Premium products Ginni Edible Oils (Sunflower, Groundnut, Cottonseed, Ricebran), Kachi

Ghani Mustard Oil.

Consumer products Gagan Vanapati, Refined Palm Oil, Refined Soyabean Oil, Bansari Pure

Mustard Oil.

B2B products Amrit Bakery Shortening (for biscuits and puffed products), Merrigold

Margarine (bakery and puff), Merribake Cake Margarine.

MAJOR COMPETITORS

Cargill

Archer Daniels Midland

LATEST DEVELOPMENTS

Bunge India eyes 20 per cent growth; re-launches Gagan Vanaspati : Bunge India today said

it is eyeing 20 per cent growth in its Vanaspati business to about Rs 2,400 crore as it re-

launches heritage brand 'Gagan Vanaspati', fortified with Vitamin A and D and comes with

zero cholesterol.

Bunge India is resurrecting the Lotus brand of palm oil, 10 years after acquiring it along with

the more popular Dalda, from Hindustan Unilever. Lotus is now being soft-launched for

selling packaged palm oil in the Indian market for institutional clients in select regions and

also as a retail brand for the southern market.

Oil made from algae, a novel innovation Bunge recently began commercial production at

their renewable oils plant in Brazil, in a joint venture with micro algae solutions company

Solazyme. Tailored, sustainable oils are produced for a variety of uses.

Exceeding its environmental goals, Bunge has set up a 3-step agenda to reduce its water,

emissions and waste footprints.

Bunge was one of 174 Global 500 companies that participated in the 2014 Carbon Disclosure

Project (CDP) Global Water Report. It is the third year Bunge has voluntarily provided the

CDP with information on our global water usage, our approach to water management and

our engagement with stakeholders in the agribusiness and food production chain

Bunge North America announced in August 2015, an $11.32 million expansion of its Market

Street Northeast plant of North America, that will create 14 new jobs.

IIFT ALUMNI IN BUNGE

Vishvendhra Chakravarthy, Senior Trader