Cosan
Brazilian conglomerate
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Key Takeaways
- is a public-listed company, a Brazilian conglomerate producer of bioethanol, sugar and energy.
- They also operate in the United Kingdom under the brand name Moove, manufacturing and supplying Mobil Lubricants, Greases, Cutting Fluids, Coolants and Aerosols.
- From the second half of the 1980s, it quickly expanded operations through the acquisition of several factories in the State of São Paulo.
- Its 23 plantings occupy almost 600,000 hectares of land and employ 45,000 people.
- 5 million tons of sugarcane, 5% of the Brazilian total.
Cosan S.A. is a public-listed company, a Brazilian conglomerate producer of bioethanol, sugar and energy. The company operates in Brazil, Argentina, Uruguay, Paraguay, Bolivia. They also operate in the United Kingdom under the brand name Moove, manufacturing and supplying Mobil Lubricants, Greases, Cutting Fluids, Coolants and Aerosols.
History
Cosan began in 1936 in Piracicaba, São Paulo, with the founding of its first factory for milling of sugar cane. From the second half of the 1980s, it quickly expanded operations through the acquisition of several factories in the State of São Paulo. Cosan cultivates, collects and processes sugar cane, the main raw material used in the production of sugar and ethanol. Its 23 plantings occupy almost 600,000 hectares of land and employ 45,000 people. In 1989, the group was the largest producer of sugar and alcohol in the world, with 22 companies and the crushing of 10.5 million tons of sugarcane, 5% of the Brazilian total. In the food sector, the company owns 11.5% of shares of Camil Alimentos, that merged with Cosan Alimentos in 2012.
Cosan acquired a 4.9 per cent stake in mining company Vale SA in October 2022, with a subsequent increase to 6.5 per cent. The transaction amounted to approximately R$22 billion ($4.38 billion).
Purchases and mergers
On April 24, 2008, Cosan announced the purchase of the portfolio of downstream fuel distribution plants from Esso in Brazil.
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