Researching a company name "Monsanto"

Research on Monsanto

Introduction

Monsanto is founded in 1901 and is registered as a public limited company in 1927. The company has its branch offices in more than 60 countries. The company produces seeds and herbicides and uses them in production since 1990s. The company also produces genetically modified seeds which increases the productivity of the soil. The company product portfolio contains verities of products like maize and broad-spectrum herbicides containing the active ingredients which require the soil a new life.

Since 2002 the company stocks were listed in S&P index. In 2007, according to a review the farmers all around the world are utilizing the benefit of Monsanto seeds.

Discussion

Time Line

The name of the company is derived from the family name Monsanto, Monsanto Chemical Works, with an initial seed capital of $ 5,000 (. At that time the goal of the company is to produce saccharin and to achieve this company has only a single employee who is a Swiss chemist named Veillon (1875-1958), he had a working experience at Sandoz chemicals. In the beginning, only Germany is producing saccharin. Queeny was initially working with his previous employer. In 1904 when the market shows good demand for new products, the company expands the product portfolio and includes caffeine and vanillin. Considering the up-beating business growth and market conditions Monsanto hire two new Swiss chemists Gaston Dubois and Jules Bebie. The first three financials of the company reported a loss, whereas in 1905 the company experienced a gain of $ 10,600. Especially the caffeine proved to be lucrative. From 1908 Queeny devoted himself to his own company alone and in 1915 the sales revenue hits more than one million.

The company has launched its first IPO in 1927 and after a year in 1928, Queeny handed the company to his son 'Edgar'. The name of the company in 1933 becomes Monsanto Chemical Company. In 1936 Monsanto celebrated its tenth birthday. Thomas and Hochwalt Laboratories become the central research and development point.

In 1944 the company owns eleven companies as a whole which was a part of a program of the U.S. Government royalty-free American which after the war produced (DDT). But due to some uncertain reasons and criticism the production was discontinued.

Since the 1940s, the product line of Monsanto includes polychlorinated biphenyls (PCBs), which is now one of the twelve well known poisons named as " Dirty Dozen organic "in the whole world, but again the production of poison needs to be stopped by the Stockholm Convention of 22 May 2001 and banned it worldwide. Monsanto stopped producing the poison in 1977. On 16th April 1947 by the explosion of a French cargo ship a factory in Monsanto's Texas City destroyed, 512 people were killed. In 1949, American Viscose with the joint venture founded Chemstrand for the production of acrylic fibers. In 1961 Monsanto purchases half of the stake from his partner. Monsanto initiated a step towards the oil and gas industry and then acquire a market player, Lion Oil, ...