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Trammo

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Trammo, Inc., (formerly known as Transammonia, Inc.)
Company typePrivately held company
Founded1965 (1965)
FounderRonald Stanton
Headquarters
New York City
,
United States
Key people
Henk van Dalfsen, CEO (as of 2012) [1]
ProductsFinished fertilizers, ammonia, raw materials, petrochemicals,[2] propane, natural gas, butane, ethane[3]
ServicesChemical trading, import and export, transportation and distribution, marketing and merchandising
Number of employees
450 [1]
Websitewww.trammo.com

Trammo, Inc., (formerly known as Transammonia, Inc., also known as Trammo Group), engages in the international commerce, trade, transportation, distribution, and marketing of fertilizer, chemicals,[4] methanol, crude oil, liquefied petroleum gas, and petrochemicals.[2]The company was established by Ronald Stanton in 1965,[5] and is currently headquartered in New York City.[1][6] The company has offices in Europe, Asia, North America, South America, and Africa.[7]

History

The Company changed its name from Transammonia, Inc. to Trammo, Inc. on October 29, 2013. The Trammo trademark has long been associated with the company and had been the name of several subsidiaries. The name change reflected the current broad range of products and markets in which the company trades, in addition to ammonia. The company began operations in the transportation and manufacture of ammonia, raw materials and fertilizer products.[2]

In the fiscal year that ended on May 1, 1990, Transammonia posted sales of US$1.1 billion.[8] In 2006, the company ventured into natural gas gathering in the United States.[2] In 2007, the company was ranked by Forbes magazine as among the top 50 private companies in the United States.[7] In 2012, the company was ranked as #24 by Forbes magazine in its list of the largest private companies in the United States.[3]

Controversy

In 2010, Transammonia ended the dealings of its Swiss subsidiary, Trammo Trading, with Iranian companies,[9][10] in part as a response to an investigation by [CNBC] regarding the company's involvement with entities within Iran.[10] The United States has prohibitions against commerce in Iran, in part to persuade that country to disengage in nuclear development.[10] Transammonia maintained that its foreign subsidiary's Iranian dealings were allowed under U.S. law, but decided to end them anyway. The company stated, "the small amount of business done there does not justify the reputational risk currently associated with doing business with entities located in Iran, due to the growing international concern over the policies of the current regime there."[9]

Products

References

  1. ^ a b c "Transammonia". Forbes. Retrieved 1 August 2013.
  2. ^ a b c d Plunkett's Energy Industry Almanac 2008: Energy Industry Market Research, Statistics, Trends and Leading Companies.
  3. ^ a b "Transammonia, Inc. Company Profile". Hoovers. Retrieved 1 August 2013.
  4. ^ Network World. 1990-09-03.
  5. ^ We Were Europeans: A Personal History of a Turbulent Century - Werner M. Loval.
  6. ^ "Corporate Structure". Transammonia.com. Retrieved 1 August 2013.
  7. ^ a b Plunkett's Energy Industry Almanac 2007 (E-Book): Energy Industry Market Research, Statistics, Trends and Leading Companies.
  8. ^ Crockett, Barton (September 3, 1990). User hands fax, Telex traffic to BT Tymnet. Network World. pp. 27, 30.
  9. ^ a b Greenwood, Al (December 13, 2010). "Transammonia's Swiss unit to wind down business with Iran". ICIS. Retrieved 1 August 2013.
  10. ^ a b c Burnett, Erin (December 14, 2010). "Chemical Giant Ends Iran Deals After CNBC Report". CNBC. Retrieved 1 August 2013.

Further reading

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