|By PR Newswire||
|March 27, 2014 07:20 AM EDT||
GENEVA, March 27, 2014 /PRNewswire/ --
The Energy, Transportation and Metals division of Cargill, Cargill ETM, will close its European Power & Gas Trading and Global Coal businesses.
These changes come after a thorough review of its strategy to offer distinctive, long-term value to its customers. Significant changes in the coal and European power and gas markets have led Cargill ETM to withdraw from these two sectors. Cargill ETM remains dedicated to serving customers in the petroleum, petrochemicals, iron ore and steel, ocean freight and North American gas and power markets.
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, our privately held company employs 140,000 people in 65 countries. We help customers succeed through collaboration and innovation, and are committed to sharing our global knowledge and experience to help meet economic, environmental and social challenges.
About Cargill ETM
Cargill Energy, Transportation and Metals transparently manages global commodity supply chains for its customers. It offers a unique combination of physical and financial expertise to develop physical and financial solutions in the natural gas, power, petroleum, petrochemicals, ferrous and ocean freight markets. As both a consumer and a supplier Cargill ETM combines practical experience and in-depth analysis of global commodity markets to generate and apply the insights which benefit its customers. By acting responsibly and thinking innovatively, Cargill ETM helps its customers to focus on their core activities and meet their growth objectives.
Louis de Schorlemer +32-15-401-636
Pete Stoddart +1-952-742-6608