Published:
Bunge Begins Distributing and Marketing Fertilizer in North America
ST. LOUIS, July 17 /PRNewswire/ -- Bunge North America, the North American
operating arm of Bunge Limited (NYSE: BG), announced that it has created a
business unit to distribute and market fertilizer products (NPK). Bunge will
source the commodities domestically and internationally for sale to domestic
dealers and co-operatives.
"Because of Bunge's strong connections to the agriculture community and
our efficient logistics network inNorth America, marketing and transporting
fertilizer ingredients is a good complement to our existing operations," said
Carl Hausmann, president and CEO, Bunge North America. "Bunge also is the
leading producer of fertilizer inSouth America so our North American team
will be able to build on Bunge's existing knowledge and global relationships
as we develop our business here."
Olavo Dietzsch has been named to lead the new unit. Dietzsch has most
recently worked in business development for Bunge North America and strategic
planning for Bunge Limited; he joined Bunge in 2001 as procurement manager for
Bunge's fertilizer business inBrazil.
About Bunge North America
Bunge North America (www.bungenorthamerica.com), the North American
operating arm of Bunge Limited (NYSE: BG), is a vertically integrated food and
feed ingredient company, supplying raw and processed agricultural commodities
and specialized food ingredients to a wide range of customers in the
livestock, poultry, food processor, foodservice and bakery industries. With
headquarters inSt. Louis, Missouri, Bunge North America and its subsidiaries
operate grain elevators, oilseed processing plants, edible oil refineries and
packaging facilities, and corn dry mills in the U.S.,Canada andMexico.
About Bunge Limited
Bunge Limited (www.Bunge.com, NYSE: BG) is a leading global agribusiness
and food company founded in 1818 and headquartered inWhite Plains, New York.
Bunge's over 22,000 employees in over 30 countries enhance lives by improving
the global agribusiness and food production chain. The company supplies
fertilizer to farmers inSouth America, originates, transports and processes
oilseeds, grains and other agricultural commodities worldwide, produces food
products for commercial customers and consumers and supplies raw materials and
services to the biofuels industry.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking
statements. All statements, other than statements of historical fact are, or
may be deemed to be, forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking statements
are not based on historical facts, but rather reflect our current expectations
and projections about our future results, performance, prospects and
opportunities. We have tried to identify these forward-looking statements by
using words including "may," "will," "expect," "anticipate," "believe,"
"intend," "estimate," "continue" and similar expressions. These
forward-looking statements are subject to a number of risks, uncertainties and
other factors that could cause our actual results, performance, prospects or
opportunities, as well as those of the markets we serve or intend to serve, to
differ materially from those expressed in, or implied by, these
forward-looking statements. The following important factors, among others,
could affect our business and financial performance: our ability to complete,
integrate and benefit from acquisitions, divestitures, joint ventures and
strategic alliances; estimated demand for the commodities and other products
that we sell and use in our business; industry conditions, including the
cyclicality of the agribusiness industry and unpredictability of the weather;
agricultural, economic and political conditions in the primary markets where
we operate; and other economic, business, competitive and/or regulatory
factors affecting our business generally. The forward-looking statements
included in this release are made only as of the date of this release, and
except as otherwise required by federal securities law, we do not have any
obligation to publicly update or revise any forward-looking statements to
reflect subsequent events or circumstance.
SOURCE Bunge North America
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