CHESTERFIELD, MO/March 6, 2017 (STL.News) Bunge North America announced one year ago that they would be constructing a new building in Chesterfield, MO and moving from their existing location at 11720 Borman Dr, St. Louis, MO 63146.
Completion date of the Chesterfield location is unknown at this point, but a lot of progress is being made to what appears to be a beautiful facility when completed.
The new facility sets on 14-acres and will have approximately 145,000 square feet that will hold its current 550 employees with plans to add another 165 jobs in the next ten years. It sets on property known as the Kraus Farm next to I-64 and Timberlake Manor Parkway.
Additionally, Bunge has acquired a building in St. Charles for a new innovation center that has approximately 35,000 square feet. This facility will be used for pilot plants for the oil and milling products line as well as a lab.
Bunge selected this site after a thorough due diligence taking other states into consideration.
But who is Bunge North America?
Bunge North America is the operating division in the USA of Bunge Ltd. (NYSE Ticker:BG) whom is located in White Plains, NY. Bunge is a worldwide agribusiness that has operations ranging from farms to consumer foods.
Additionally, Bunge is an oilseed processor and producer of vegetable oils and protein meals. Bunge operates five different sectors including Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy and Fertilizer. Bunge is also engaged in the purchase, storage, transportation, processing and sale of agriculture commodities and commodity products around the world. It’s oil products include bulk oils, shortenings and margarine’s and they produce blends and distributes a range of fertilizers.
The company’s stock closed last Friday at $81.65 with a 52-week trading range from a low of $53.50 to a high of $82.66. The dividend yield at current price is approximately 2.06%. Average daily trading volume is approximately 1.25 million share with a market capitalization of more than $11 billion and 84% of the stock is owned by institutions.
Bunge has had a local presence for more than 25 years. With plans to add jobs they are an important component to a successful community.
Bunge Ltd. is located at 50 Main Street, FL 6, White Plains, NY 10606-1901.