Founded 1849 | ||
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Subsidiaries Armajaro Otc Ltd, Cotonifício de Andirá S.A. | ||
ECOM Agroindustrial is a global commodity trading and processing company based in Switzerland. The company specializes mainly in coffee, cocoa and cotton. ECOM has more than 40 offices located in over 30 countries all around the world. It is one of the largest coffee millers in the world.
History
ECOM was founded in 1849 by Jose Esteve as a cotton trading business in Spain. The Esteve family subsequently themselves established in the US in 1885 following developments in cotton farming. They expanded into Brazil in 1935 and in Mexico in 1948. ECOM was soon established and joined coffee trading in 1951 and cocoa in 1991.
In 2000, ECOM bought the London-based coffee business of the Cargill company.
In 2012, ECOM purchased 13 million 60-kg bags of coffee or about 7% of the world's coffee.
In 2013, ECOM announced the purchase of the commodity trading division of Armajaro Holdings, taking over its coffee, cocoa and sugar business. ECOM has subsidiaries in several countries, including Sangana Commodities in Kenya.