BNET Industries
Market Cap:$639.9M
Last Fiscal Year Sales:$6.2B
- Public
- US
Dow Jones Description
Wesfarmers has moved far beyond its agricultural beginnings. Founded in 1914 and headquartered in Perth, Australia, Wesfarmers Limited (SYD: WES) operates in several different sectors.The company began as a farmers' cooperative, but now deals in home improvement products and building supplies, coal mining, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacture, insurance, and rail transport. The company has annual revenue of about $6.2 billion and employs about 30,000 people. Wesfarmers and Genesee & Wyoming (G&W) of the United States, joint venture partners in the Australian Railroad Group (ARG), agreed to sell ARG to Babcock & Brown Limited and Queensland Rail for $1.3 billion. The sale covers freight operations in Western Australia and contracted services operating in New South Wales and Victoria. It also includes the remaining 43 year lease on the rail network in Western Australia, currently managed by the ARG subsidiary.
Number of Employees 30,000
Contact Information
Wesfarmers House, 11th Fl
Perth
(61) 893274211
Peer Companies
NAICS Code Other Management Consulting Services: 541618
Recent Events
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WESFARMERS' HARDWARE BIZ BUNNINGS TO OPEN 12 STORES IN NSW
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Australia's Tabcorp in talks to buy pubs-report
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FORMER W AUSTRALIA PREMIER TAKES SENIOR ROLE WITH WESFARMERS
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Asia Markets: Wesfarmers gains in Aussie supermarket race
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AUSTRALIAN RETAILER WESFARMERS POSTS NET PROFIT RISE TO US$1.3B
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Wesfarmers CEO Focuses on Performance
News & Analysis
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bhp billiton and rio tinto and wesfarmers ltd. - All News and Analysis
Resources keep their heat.
- 2007-07-03
Byline: Gabriella Hold Jul 03, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket posted solid gains on 3 July 2007, with the S&P/ASX 200 rising 35.7 points to close at 6,299. The All Ordinaries Index finished 35.2 points higher...
Wall St gains spark rebound.
- 2007-06-28
Byline: Gabriella Hold Jun 28, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket posted solid gains on 28 June 2007, with the S&P/ASX 200 rising 81.4 points to close at 6,265.6 The broader All Ordinaries Index finished 80.8...
Winning streak runs out of puff.
- 2007-06-21
Byline: Gabriella Hold Jun 21, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket lost ground on 21 June 2007, with the benchmark S&P/ASX 200 easing 9.9 points to close at 6,387. There were mixed fortunes in the resources sector,...
Appetite sharpens for high yield.
- 2007-06-20
Byline: Peter Wells and Gabriella Hold Jun 20, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket posted solid gains on 20 June 2007, with the S&P/ASX 200 rising 24.9 points to close at a new high of 6,396.9. The...
Resources hold sway over traders.
- 2005-08-07
Byline: John Wasiliev Aug 07, 2005 (The Australian Financial Review - ABIX via COMTEX) -- The resources sector remained the main attraction for Australian derivative traders in early August 2005....
Shake-up for mining.
- 2002-11-30
Nov 29, 2002 (The Advertiser - ABIX via COMTEX) Takeover speculation has reignited Australia's mining sector. MIM has confirmed it is in takeover discussions with Swiss-based Xstrata. There is also speculation that the upcoming demerger of WMC will trigger strong interest from companies such...
Survivors need intensive care.
- 2002-04-24
Apr 24, 2002 BRW ABIX via COMTEX -- Companies listed on the Australian sharemarket continue to deal with the after-effects of the downturn in the technology sector. For those companies named in the top 500 profitable companies for the first six months of 2001-2002,...
Control of WMC set to pass.
- 2001-10-17
Oct 18, 2001 The Australian Financial Review ABIX via COMTEX -- Alcoa is expected to pay as much as $A12 billion or $A11 per share for the acquisition of mining corporation, WMC. The target company presently has $A2.8 billion worth of debt, and $A780m...
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