Glencore International AG · Baar, Zug Switzerland
Company Description
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This link will open in a new window Glencore International trades in the stuff of which stuff is made. The company is a commodities trader (metals and minerals, agricultural products, and energy) and a diversified natural resources conglomerate with interests in companies involved in mining, smelting, refining, and processing. In the energy sector, the company markets such products as coal, crude oil, jet fuel, and gasoline. Glencore's ownership stakes include a 35% share in Xstrata and a 12% interest in aluminum producer RUSAL . Founded in 1974 as a marketer of ferrous and nonferrous metals and other products, the company is owned by management and employees. To read the full description, subscribe now.
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Key Glencore International AG Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $152,200.0 |
| 2008 Employees | 50,000 |
Glencore International AG Executives
6 executives listed for Glencore International AG's Baar, Zug location.
| Title | Name & Bio | Contact |
| Chairman | Willy Strothotte | Network |
| CEO | Ivan Glasenberg | Network |
| Director of Finance | Zbynek Zak | Network |
Competition
Competitive Landscape for Glencore International AG
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Glencore International AG Competitors
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