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Trammo

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Trammo, Inc., (formerly known as Transammonia, Inc.)
Company typePrivately held company
Founded1965 (1965)
FounderRonald P. Stanton
Headquarters
New York City, NY, and Palm Beach Gardens, FL
,
United States
Key people
Edward G. Weiner, CEO and President (as of 2019) [1]
ProductsAnhydrous ammonia, Finished fertilizer, Nitric acid, Petroleum coke, Sulfur, Sulfuric acid
ServicesTrading, import and export, logistics, distribution, marketing, and merchandising
Number of employees
150 [2]
Websitewww.trammo.com

Trammo, Inc., (formerly known as Transammonia, Inc., also known as Trammo Group), engages in the international commerce, trade, transportation, distribution, and marketing of the raw materials critical to the fertilizer, mining, and petrochemical industries. It's products include anhydrous ammonia, sulfur, sulfuric acid, finished fertilizers, petroleum coke, and nitric acid.[3] The company was established by Ronald Stanton in 1965,[4] and is currently headquartered in New York City.[2][5] The company has offices in Europe, Asia, North America, South America, Middle East, and South Africa.[6]

Trammo owns production assets in North Bend, Ohio (Nitric Acid). Trammo also either owns or operates terminals in Meredosia and Niota, Illinois (Ammonia), Nanjing, Jiangsu, China (Ammonia), and Port of Batumi, Georgia (Sulfur and Finished Fertilizers).[7]

History

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Transammonia, founded by Ronald P. Stanton in 1965, specialized in the international trade of ammonia. Transammonia has since evolved as a market leader in petroleum coke, sulfur, anhydrous ammonia, and sulfuric acid, with niche positions in nitric acid and finished fertilizer.[7] The Company changed its name from Transammonia, Inc. to Trammo, Inc. on October 29, 2013. The Trammo trademark has long been associated with the company and had been the name of several subsidiaries. The name change reflected the current broad range of products and markets in which the company trades, in addition to ammonia.[8]

In the fiscal year that ended on May 1, 1990, Transammonia posted sales of US$1.1 billion.[9] In 2006, the company ventured into natural gas gathering in the United States.[8] In 2007, the company was ranked by Forbes magazine as among the top 50 private companies in the United States.[6] In 2012, the company was ranked as #24 by Forbes magazine in its list of the largest private companies in the United States.[10] In 2022, the company was ranked as #13 in Crain's list of the largest privately held companies in the New York area and #133 in the Forbes magazine's list of the largest private companies in the United States.[11][12] In the fiscal year that ended December 31, 2021, Trammo posted sales of over US$ 4.2 billion.[11][12]

Controversy

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In 2010, Transammonia ended the dealings of its Swiss subsidiary, Trammo Trading, with Iranian companies,[13][14] in part as a response to an investigation by [CNBC] regarding the company's involvement with entities within Iran.[14] The United States has prohibitions against commerce in Iran, in part to persuade that country to disengage in nuclear development.[14] Transammonia maintained that its foreign subsidiary's Iranian dealings were allowed under U.S. law, but decided to end them anyway. The company stated, "the small amount of business done there does not justify the reputational risk currently associated with doing business with entities located in Iran, due to the growing international concern over the policies of the current regime there."[13]

Products

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References

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  1. ^ "Edward Weiner Exec VP/CFO/COO, Trammo AG". Bloomberg. Retrieved 6 January 2023.
  2. ^ a b "Transammonia". Forbes. Retrieved 1 August 2013.
  3. ^ "Products | Trammo". Trammo v4-8. Retrieved 2023-03-03.
  4. ^ Loval, Werner M. (2010). We Were Europeans: A Personal History of a Turbulent Century - Werner M. Loval. Gefen Publishing House. ISBN 9789652295224.
  5. ^ "Corporate Structure". Transammonia.com. Retrieved 1 August 2013.
  6. ^ a b Plunkett, Jack W. (9 December 2006). Plunkett's Energy Industry Almanac 2007 (E-Book): Energy Industry Market Research, Statistics, Trends and Leading Companies. Plunkett Research. ISBN 9781593920609.
  7. ^ a b "About Us | Trammo". Trammo v4-8. Retrieved 2023-03-10.
  8. ^ a b Plunkett, Jack W. (December 2007). Plunkett's Energy Industry Almanac 2008: Energy Industry Market Research, Statistics, Trends and Leading Companies. Plunkett Research. ISBN 9781593920999.
  9. ^ Crockett, Barton (September 3, 1990). User hands fax, Telex traffic to BT Tymnet. Network World. pp. 27, 30.
  10. ^ "Transammonia, Inc. Company Profile". Hoovers. Retrieved 1 August 2013.
  11. ^ a b "America's Largest Private Companies". Forbes. Retrieved 6 January 2023.
  12. ^ a b "How the area's largest privately held companies fared in a challenging year". Crain's New York Business. 2022-11-28. Retrieved 2023-03-10.
  13. ^ a b Greenwood, Al (December 13, 2010). "Transammonia's Swiss unit to wind down business with Iran". ICIS. Retrieved 1 August 2013.
  14. ^ a b c Burnett, Erin (December 14, 2010). "Chemical Giant Ends Iran Deals After CNBC Report". CNBC. Retrieved 1 August 2013.

Further reading

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