Cosan

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Cosan
Type Sociedade Anônima
Traded as BM&F BovespaCSAN3, CZLT11
NYSECZZ
Industry Conglomerate
Founded 1936
Headquarters São Paulo, Brazil
Key people Marcos Marinho Lutz (CEO)
Products Foods
Ethanol
Fuel
Logistics
Revenue Increase US$14.8 billion (2012/2013)
Net income Increase US$ 315.1 million (2012/2013)
Employees 45,000
Subsidiaries Raízen
Rumo Logística
Cosan Lubrificantes
Radar Propriedades
Comgás
Website www.cosan.com.br

Cosan is a public listed company, a Brazilian conglomerate producer of bioethanol, sugar, energy and foods. The company operates in Brazil, Uruguay, Paraguay, Bolivia and United Kingdom.

History[edit]

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. Its 23 plants occupy almost 600,000 hectares of land and employ 45,000 people. In the food sector the company owns 11.5% of shares of Camil Alimentos, that merged with Cosan Alimentos in 2012.

Purchases and mergers[edit]

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.[1][2] 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.

On 3 May 2012, Cosan signed a memorandum of understanding to acquire the BG Group's 60.1% stake in Comgás.[3] The deal was completed in November 2012.[4]

Joint-Venture with Royal Dutch Shell[edit]

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

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.[5] The company is valued at US$ 12 billion and will start with a revenue of R$ 40 billion.

References[edit]