Molinos Río de la Plata (BCBA: MOLI) is Argentina's largest branded food products company. The company is a large exporter of sunflower processed oil and is one of Argentina's main exporters of bottled oil. Molinos also produces a wide range of packaged foods for domestic consumption, including bottled oil, margarine, pasta, pre-mixes, packaged flours, yerba mate, rice, cold cuts, and frozen foods.
The former Molinos mill and silos in the Puerto Madero ward of Buenos Aires in 1999, later converted into the upscale Faena Hotel+Universe
Molinos Río de la Plata (Molinos) originated with the 1899 establishment of Centenera, a food processing plant, by Bunge y Born, then a prominent local wheat milling company established by Belgian immigrants in 1884. They had one of the largest wheat mills in the country built on a Puerto Madero lot in 1902, and with it, established Molinos Río de la Plata (later a leader in the local retail foods market).[1]
Bunge & Born divested itself of almost all its retail foods interests in 1998, however, and was reorganized as Bunge Limited, upon which a controlling stake in Molinos was sold to Gregorio Pérez Companc.[2]
On August 1, 2002, Molinos announced the partial repurchase of its US$150 million senior secured export notes (SENs), due 2006. Molinos repurchased US$31.4 million face value of the notes at a 25% discount, using available cash balances. Following the repurchase, the amount outstanding on the SENs is US$52.6 million.
The transaction has improved Molinos' financial profile by reducing the debt burden and lowering debt servicing costs. Molinos remains current on its scheduled debt payments. Notwithstanding, Molinos' credit risk remains high due to the negative financial ramifications of the peso's devaluation and the adverse economic environment in the country. On a pro forma basis at June 30, 2002, after accounting for the repurchase, Molinos' total consolidated financial debt reached Arg$718.8 million (approximately US$188 million), composed mainly of a balance outstanding on its SENs of US$52.6 million and US$84 million in working capital finance, most of it dollar denominated.[3]
Molinos operates 20 manufacturing plants, 10 distribution centers, and 600 trucks, among other facilities. It owns 75,000 hectares (188,000 acres) of prime Pampas land for the production of wheat.[4]
Notesedit
^educ.ar - Procesos económicos en la Argentina: el caso de Bunge y Born (in Spanish)[permanent dead link]
^Clarín: La retirada final del grupo Bunge & Born (in Spanish)
^MOLINOS RIO: Fitch Ratings Comments On Repurchase of SENs
molinos, río, plata, bcba, moli, argentina, largest, branded, food, products, company, company, large, exporter, sunflower, processed, argentina, main, exporters, bottled, molinos, also, produces, wide, range, packaged, foods, domestic, consumption, including,. Molinos Rio de la Plata BCBA MOLI is Argentina s largest branded food products company The company is a large exporter of sunflower processed oil and is one of Argentina s main exporters of bottled oil Molinos also produces a wide range of packaged foods for domestic consumption including bottled oil margarine pasta pre mixes packaged flours yerba mate rice cold cuts and frozen foods Molinos Rio de la Plata S A Company typeSociedad AnonimaTraded asBCBA MOLIIndustryFood ProcessingFounded1902HeadquartersBuenos Aires ArgentinaKey peopleGregorio Perez Companc Chairman Juan Manuel Forn CEO ProductsFoodRevenue547 117 081 United States dollar 2019 Operating income893 087 United States dollar 2019 Net income 16 800 000 United States dollar 2019 Total assets436 341 125 United States dollar 2019 Number of employees5 000ParentPC HoldingsWebsitewww molinos com arOverview edit nbsp The former Molinos mill and silos in the Puerto Madero ward of Buenos Aires in 1999 later converted into the upscale Faena Hotel Universe Molinos Rio de la Plata Molinos originated with the 1899 establishment of Centenera a food processing plant by Bunge y Born then a prominent local wheat milling company established by Belgian immigrants in 1884 They had one of the largest wheat mills in the country built on a Puerto Madero lot in 1902 and with it established Molinos Rio de la Plata later a leader in the local retail foods market 1 Bunge amp Born divested itself of almost all its retail foods interests in 1998 however and was reorganized as Bunge Limited upon which a controlling stake in Molinos was sold to Gregorio Perez Companc 2 On August 1 2002 Molinos announced the partial repurchase of its US 150 million senior secured export notes SENs due 2006 Molinos repurchased US 31 4 million face value of the notes at a 25 discount using available cash balances Following the repurchase the amount outstanding on the SENs is US 52 6 million The transaction has improved Molinos financial profile by reducing the debt burden and lowering debt servicing costs Molinos remains current on its scheduled debt payments Notwithstanding Molinos credit risk remains high due to the negative financial ramifications of the peso s devaluation and the adverse economic environment in the country On a pro forma basis at June 30 2002 after accounting for the repurchase Molinos total consolidated financial debt reached Arg 718 8 million approximately US 188 million composed mainly of a balance outstanding on its SENs of US 52 6 million and US 84 million in working capital finance most of it dollar denominated 3 Molinos operates 20 manufacturing plants 10 distribution centers and 600 trucks among other facilities It owns 75 000 hectares 188 000 acres of prime Pampas land for the production of wheat 4 Notes edit educ ar Procesos economicos en la Argentina el caso de Bunge y Born in Spanish permanent dead link Clarin La retirada final del grupo Bunge amp Born in Spanish archived copy MOLINOS RIO Fitch Ratings Comments On Repurchase of SENs Nuestros numeros Molinos Rio de la Plata Retrieved from https en wikipedia org w index php title Molinos Rio de la Plata amp oldid 1130929531, wikipedia, wiki, book, books, library,
