Seaboard business overview and operating divisions

by Emily Wilson
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Seaboard business overview

Country

Milling business

Daily flour milling capacity

Acquired

Angola

KWABA - Sociedade Industrial e Commercial, S.A.R.L.

3,400 cwts

2000

Lesotho

Lesotho Flour Mills Ltd.

5,500 cwts

1998

Haiti

Les Moulins d'Haiti

12,400 cwts

1998

Nigeria

Life Flour Mill Ltd.

12,750 cwts

1973

Democratic Republic of Congo

Minoterie de Matadi, S.A.R.L.

12,580 cwts

1992

Mozambique

Mobeira, S.A.R.L.

3,400 cwts

1996

Ecuador

Molinos del Ecuador, C.A.

7,000 cwts

1966

Guyana

National Milling Company of Guyana Ltd.

3,400 cwts

1971

Zambia

National Milling Corp.

4,100 cwts

1998

Sierra Leone

Seaboard West Africa Ltd.

2,600 cwts

1966

Kenya

Unga Holdings Ltd.

18,000 cwts

2000

Congo Brazzaville

Minoterie du Congo

4,250 cwts

2000

Country

Seaboard ownership percentage, other partners

Country's estimated 1999 per capita GDP

Ranking out of 206 nations

Angola

One wheat flour mill

$220

194

Lesotho

Two wheat flour mills, two maize mills (356 tonnes per day), one feed mill

$550

152

Haiti

One wheat flour mill, one feed mill

$460

171

Nigeria

Three wheat flour mills, one maize mill (170 tonnes per day), one feed mill

$310

179

Democratic Republic of Congo

Two wheat flour mills, one feed mill

Mozambique

Two wheat flour mills, one maize mill (70 tonnes per day)

$230

193

Ecuador

One wheat flour mill, one feed mill

$1310

124

Guyana

One wheat flour mill

$760

141

Zambia

One wheat flour mill, four maize mills (600 tonnes per day), one feed mill

$320

176

Sierra Leone

Two wheat flour mills

$130

203

Kenya

Three wheat flour mills, two maize mills (540 tonnes per day), two feed mills

$360

170

Congo Brazzaville

One wheat flour mill

$670

147

Source: National income data source, World Bank (World average per capita income,$4,890)

 

 

Seaboard Corp. operating divisions

(in thousands)

Year ended Dec. 31, 1999, with percentage change from 1998

Sales

Operating income

Pork

$571,159

14%

$37,661

Marine

$307,663

-1%

$(1,893)

Commodity trading and milling

$259,489

-15%

$2,615

-75%

Sugar and citrus

$46,855

$(15,909)

Power

$22,975

-12%

$7,942

-10%

Wine

$12,859

$(5,946)

Other

$34,304

-72%

$(4,376)

$1,255,304

-1%

$20,094

-46%

Capital spending

Net assets

Pork

$22,072

35%

$401,316

4%

Marine

$20,001

288%

$97,561

2%

Commodity trading and milling

$4,816

314%

$161,477

48%

Sugar and citrus

$14,998

$167,972

4%

Power

$389

392%

$21,068

-36%

Wine

$3,746

$29,156

-6%

Other

$715

-78%

$46,466

7%

$66,737

158%

$925,016

7%

Partners