Shares of Ecolab Inc. (NYSE:ECL) ended Friday session in red amid volatile trading. The shares closed down -3.70 points or -3.02% at $118.68 with 291.60million shares getting traded. Post opening the session at $121.49 the shares hit an intraday low of $118.67 and an intraday high of $121.94 and the price vacillated in this range throughout the day. The company has a market cap of $34.51 billion and the numbers of outstanding shares have been calculated to be 291.60 million shares.
On September 8, 2016 Ecolab Inc., the global leader in water, hygiene and energy technology and services, has been named to the 2016 Dow Jones Sustainability Indices (DJSI) North America index, a comprehensive and highly regarded assessment of leading sustainability-driven companies. This is the second consecutive year Ecolab has been named to the North America index, and the company’s third listing since 2012.
“Our inclusion in the 2016 DJSI North America index reflects the commitment of our associates to responsible and sustainable business practices,” said Ecolab Chairman and CEO Douglas M. Baker, Jr. “We are honored to be recognized for this commitment, which is inherent in our work to make the world cleaner, safer and healthier.”
Launched in 1999, the Dow Jones Sustainability Indices track the leading sustainability-driven companies based on an analysis of financially relevant environmental, social and governance factors. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios and provide an effective engagement platform for companies seeking to adopt sustainable best practices.
Shares of Bunge Ltd (NYSE:BG) ended Friday session in red amid volatile trading. The shares closed down -1.83 points or -2.87% at $61.92 with 139.44 million shares getting traded. Post opening the session at $63.62 the shares hit an intraday low of $61.92 and an intraday high of $63.62 and the price vacillated in this range throughout the day. The company has a market cap of $8.58 billion and the numbers of outstanding shares have been calculated to be 139.44 million shares.
On Aug. 30, 2016 Bunge North America (“Bunge”), the North American operating arm of Bunge Limited (BG), announced it has reached a subscription agreement to invest in Grupo Minsa S.A.B. de C.V. (the “Company”), a leading corn flour producer, securing a controlling financial interest in the Company. The transaction is expected to close in early 2017, subject to the authorization of the Comisión Federal de Competencia Económica (Mexican Antitrust Commission), the successful delisting of the Company from the Mexican Stock Exchange, and other customary closing conditions.
As part of the transaction, Bunge will take management control of four mills in Mexico and two mills in the United States. The facilities have a combined annual processing capacity of 700,000 metric tons and produce a broad portfolio of branded corn flours and pre-mixes for tortillas and other goods.
“This investment enhances Bunge’s position in milling, an important contributor to our global Food & Ingredients business,” said Soren Schroder, CEO, Bunge Limited. “The operation is aligned with our core capabilities and increases the share of value added business in our overall portfolio.”
Bunge entered the U.S. corn masa market in early 2014 with the purchase of its first mill in Worthington, Indiana. With this investment, Bunge enters the corn masa market in Mexico.
“This is a natural extension of our successful milling platforms in the U.S. and Mexico that will enable us to expand in a product line that is growing due to demographic and economic trends,” said Todd Bastean, CEO, Bunge North America. “With more facilities, products, and capabilities, we’ll be able to provide a broader offering and enhanced services to our growing customer base, with more logistical and operational flexibility.”