BNET Industries
Market Cap:$638.9M
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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TPG to List Myer in $2 Billion IPO
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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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credit suisse group ag and wesfarmers ltd. - All News and Analysis
Time's on side of Coles shareholders.
- 2007-07-16
Byline: Nina Wan Jul 16, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Shares in Coles Group and Wesfarmers in Australia were markedly below their pre-bid levels in the week to 14 July 2007. Adnan Kucakalic, of Credit Suisse, notes that bidder...
BHP poised for record $5.4bn result.
- 2006-02-12
Byline: Leon Gettler Feb 12, 2006 (The Age - ABIX via COMTEX) -- Mining giant, BHP Billiton, is among the groups scheduled to report their financial results in the week commencing 13 February...
Dyno might have Wesfarmer flow-on.
- 2005-09-21
Byline: Andrew Trounson Sep 21, 2005 (The Australian - ABIX via COMTEX) -- There is speculation that Wesfarmers could sell its stake in QNP after Macquarie Bank's purchase of partner...
Funding may stall Dyno bid.
- 2005-07-13
Jul 13, 2005 (Herald Sun - ABIX via COMTEX) Sweden's Industri Kapital has received strong interest from prospective buyers of its Dyno Nobel explosives business. Rohan Gallagher of Credit Suisse First Boston says 25 expressions of interest have been lodged regarding the sale. These...
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