October 8, 2007

Bunge: Expansion is the key to achieve profit targets

Agro giant Bunge Ltd. has a simple strategy for market dominance: expansion.

Tim Gallagher, head of the company's North America operations told investors at Citigroup "Ethanol on the Cob" biofuels conference that Bunge wants to be involved in many product lines as many geographies as they possibly can.
 
Global demand for Bunge's core products - soymeal and vegetable oil - has grown steadily since the early 1990s, averaging about 5 percent each year.

Bunge is world's largest producer and dealer of soy products, according to stock exchange experts.
 

Recently Bunge took over Agro-Industrial Santa Juliana, in order to strengthen its position in bioethanol production. In a few years time, the company wants to be a top ten player within the ethanol business as well.