- Cosan
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Cosan Type Sociedade Anônima Traded as BM&F Bovespa:CSAN3, CZLT11
NYSE: CZZIndustry Bioenergy, Food & Logistics Founded (1936) Headquarters São Paulo, Brazil Key people Marcos Marinho Lutz, (CEO) Products Sugar
Ethanol
Fuel
LogisticsRevenue US$ 11.0 Billion (2010)
Net income US$ 286.9 Million (2010)
Employees 45.000 Subsidiaries Raízen
Rumo Logística
Cosan Lubrificantes
Radar Propriedades
Cosan AlimentosWebsite www.cosan.com.br Cosan (BM&F Bovespa:CSAN3, CZLT11 / NYSE: CZZ) is a public company, a Brazilian conglomerate producer of bioethanol, sugar and energy.
Contents
Biography
Cosan began in 1936 in Piracicaba city in State of São Paulo, with the founding of its first factory for milling of sugar cane. From the second half of the 1980s, it quickly expanded operations through the acquisition of several factories in the State of São Paulo. Cosan cultivates, collects and processes sugar cane, the main raw material used in the production of sugar and ethanol. About 5% of all sugar and 4% of all ethanol consumed worldwide originates in Cosan sugar mills.[1] Its 23 plants occupy almost 600,000 hectares of land and employ 45,000 people. The company owns the two largest brands of sugar in Brazil, Açucar União and Da Barra.
Purchases and mergers
On April 24, 2008 Cosan announced the purchase of the portfolio of downstream fuel distribution plants from Esso in Brazil.
On March 13, 2009, the Group confirmed the incorporation of NovAmérica Agroenergia through a stock exchange operation between the Cosan and holding Rezende Barbosa, controller of NovAmérica.[2][3] With the acquisition, the group Cosan reinforces its position as the largest producer of sugar and alcohol in the world and will have an annual processing capacity of around 56 million tonnes of sugar cane, 10% of the Brazilian market, managing 23 plants.
Joint-Venture with Royal Dutch Shell
On February 1, 2010 Cosan and Royal Dutch Shell announced the creation of a joint venture that will bring together the operations of sugar, ethanol and the distribution and marketing of fuels in Brazil. The joint venture will form the third largest distribution company in Brazil and the world's largest bioenergy operation.[4] The company is valued at US$ 12 billion and will start with a revenue of R$ 40 billion.
References
Ibovespa companies of Brazil
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Categories:- Companies listed on the New York Stock Exchange
- Sugar companies
- Companies listed on the São Paulo Stock Exchange
- Companies based in São Paulo
- Companies of Brazil
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