Business Description
Originally founded in 1918, today Seaboard Corporation, a Delaware corporation
organized in 1946, and its subsidiaries (“Seaboard”), is a diverse
global agribusiness and transportation company. In the United States (“U.S.”),
Seaboard is primarily engaged in pork production and processing and ocean transportation.
Overseas, Seaboard is primarily engaged in commodity merchandising, grain processing,
sugar production and electric power generation.
Seaboard’s hog production operations consist of the breeding and raising
of over four million hogs annually primarily at facilities owned by Seaboard
or at facilities owned and operated by third parties with whom Seaboard has
grower contracts. The hog production operations are located in the Central U.S.
As a part of the hog production operations, Seaboard produces specially formulated
feed for the hogs at five owned feed mills. The remaining hogs processed are
purchased from third-party hog producers, primarily pursuant to purchase contracts.
This division also operates grain and feed milling and related businesses with
35 locations in 21 countries, which are primarily supplied by the trading locations
discussed above. The grain processing businesses are operated through 5 consolidated
and 19 non-consolidated affiliates in Africa, South America, the Caribbean,
and Asia. These are primarily flour, feed and maize milling and oil crush businesses,
which produce approximately four million metric tons of finished products per
year. In addition, this division has a noncontrolling interest in a poultry
business in Africa and a bakery business in the Democratic Republic of Congo.
Most of the products produced by these operations are sold in the countries
in which the products are produced or into adjacent countries.
Seaboard’s primary marine operation is located in Miami, Florida and
includes a terminal located at PortMiami and off-dock warehouses for cargo consolidation
and temporary storage. Seaboard also operates a cargo terminal facility at the
Port of Houston that includes an on-dock warehouse space for temporary storage
of bagged grains, resins and other cargoes. Seaboard also makes scheduled vessel
calls in Brooklyn, New York, New Orleans, Louisiana, Philadelphia, Pennsylvania,
and 45 foreign ports.
The cane is processed at an owned mill, one of the largest in Argentina, with
a current processing capacity of approximately 250,000 metric tons of sugar
and approximately 15 million gallons of alcohol per year. Also, this division
owns a 51 megawatt cogeneration power plant that is fueled by using sugarcane
by-products, natural gas and other biomass when available.
3.77% 
147.19 %