Cosan

Cosan

Type	Sociedade Anônima
Traded as	BM&F Bovespa:CSAN3, CZLT11 NYSE: CZZ
Industry	Bioenergy, Food & Logistics
Founded	(1936)
Headquarters	São Paulo, Brazil
Key people	Marcos Marinho Lutz, (CEO)
Products	Sugar Ethanol Fuel Logistics
Revenue	US$ 11.0 Billion (2010)
Net income	US$ 286.9 Million (2010)
Employees	45.000
Subsidiaries	Raízen Rumo Logística Cosan Lubrificantes Radar Propriedades Cosan Alimentos
Website	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.

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.

Cosan's Costa Pinto sugar cane mill and ethanol distillery plant at Piracicaba, São Paulo.

References

1. ^ http://www.google.com/finance?q=NYSE:CZZ
2. ^ http://www.brazzilmag.com/content/view/9269/1/
3. ^ http://www.accessmylibrary.com/coms2/summary_0286-37084160_ITM
4. ^ http://www.reuters.com/article/idUSTRE6101TW20100201