what companies are in the basic industries field. Basic industries are those that are essential to the production of a product or service. Basic industries include food, beverages, textiles, and chemicals. Basic industries are essential for the survival of an economy as they play a key role in the production of goods and services. Basic industries are also considered to be the most important sectors of an economy as they provide the bulk of the products and services that people consume.
Basic industries are also responsible for creating jobs as they are the main source of employment for people in the economy. Basic industries also play a crucial role in the environment as they are responsible for producing a large number of products and services that are used by people. This makes basic industries a vital part of any country’s economy as they are responsible for providing people with essential products and services.
What are the characteristics of basic industries?
Beyond being a major source of goods and services in the country, a basic industry also has to provide some type of employment. That’s because people who work in basic industries also produce goods and services and sometimes more than one industry can produce goods and services that support one another. For example, people work in furniture manufacturing because furniture is a basic industry that produces goods like chairs, tables, and Bookshelfs. They also make furniture with casings because casings are a basic material used in basic industries like furniture.
what companies are in the basic industries field
The basic industries field is a broad term that means any industry that manufactures primary products used in manufacturing. It does not mean these companies manufacture only basic products, it means they are in the primary industries category.
There are many other products that fall under the same umbrella of industries like Textiles, Apparel, Home Products, and others. A company can be in the business of manufacturing many different types of goods. However, if their primary business is manufacturing they fall within the basic industries category. Here is an overview of some of the most prominent basic industries companies:
Chevron Corporation
Chevron Corporation is an American oil and gas company. It is headquartered in Richmond, California. Chevron is one of the largest oil and gas companies in the world. It has operations in more than 50 countries and employs over 77,000 people. Chevron sells products under the Fairview, LoneStar, Rex and United brands.
The company was formed in 1915 as a result of the merger of the Standard Oil Company of Ohio and the American Oil Company. In its early years, the core assets of the two companies were kept separate to avoid the Ghostwrite problem. In 1951, the two companies were reunited and became one entity, becoming Chevron American Oil Company. The company changed its name to Chevron Corporation in 1997.
PPG Industries
PPG Industries is an American based manufacturer of paints, coatings, and related products used in the manufacturing of mineral and structural materials. PPG is the largest privately owned provider of custom paints and coatings in the world. The company was formed in 1918 as a consolidation of five smaller companies, including Winsor and Newton, Schwab, and Colfax. The company has main offices in Pittsburgh, Pennsylvania.
International Paper
International Paper is a manufacturer that produces paper and newsprint products used in the printing and publishing industries. The company was formed in 1917 as a consolidation of three smaller businesses. The company has main offices in Irving, Pennsylvania.
Procter & Gamble Company
Procter & Gamble is an American consumer products company that manufactures products such as household and personal care products, including laundry detergents, shampoos, conditioners, and skin-care products. The company was formed in 1869 as the A. P. Gephardt Socks Company after wealthy New York businessman A. P. Gephardt donated the company name to support efforts to end the American Civil War. The company has main offices in Chicago, Illinois.
Cargill
Cargill is a global provider of frozen and chilled foods and feed materials. The company was formed in 1915 as a result of the merger of the J. W. Cargill Company and the Dominion Stockyard Company. In 1995, Cargill acquired the privately owned J. M. Martel & Company, which manufacture refrigerated trailers. Cargill is also the parent company of the Cargill Company of South Africa.
DuPont de Nemours
DuPont de Nemours is a US private chemical company with operations worldwide. The company was formed in 1866 as the first US company to produce antimony compounds used in manufacturing fertilizer. The company has main offices in Wilmington, Delaware.
Sealed Air Corporation
Sealed Air Corporation is an American company that produces and markets air conditioners, humidifiers, canned food, and other household, commercial, and industrial products. The company was formed in 1932 as a merger of three smaller companies. The company has main offices in Fort Valley, Pennsylvania.
Rudolph and Sletten
Rudolph and Sletten are two German-American brothers who came to the United States in the early 1900s and became naturalized United States citizens. The brothers started a fortune-filling venture in 1924 when they founded the Stiegl company.
In the early 1900s, the brothers purchased a distillery in Glarus, Switzerland, which they renamed Stiegl, and then set about construction of the largest steel-frame silo in the world, which is still standing in Glarus. The company is still privately owned and is the second largest baking powder manufacturer in the world.
Newmont Mining Corporation
Newmont Mining Corporation is a American commodities and mineral exploration and production company. The company was formed in 1967 as a merger of five former mining companies. Newmont currently has four operating mines and 21 mines in various stages of development. The company has main offices in Denver, Colorado.
Masco Corporation
Masco Corporation is a publicly traded global manufacturer of children’s and adult products. The company was formed in 1922 when the owners of the Standard Masco lamp and bulb company merged with several other companies including the May Co. The company has main offices in Irving, Texas.
Additional list of basic Industries Companies:
- DUPONT DE NEMOURS INC
- AIR PRODUCTS AND CHEMICALS INC
- TERNIUM S.A.
- SINOPEC SHANGAI PETROCHEMICAL COMPANY LTD.
- LYONDELLBASELL INDUSTRIES NV
- PPG INDUSTRIES INC
- PROCTER & GAMBLE COMPANY (THE)
- UNILEVER
- BHP BILLITON LIMITED
- VALE S.A.
- SCHNEIDER ELECTRIC
- ECOLAB INC
- FORMOSA PLASTICS CORPORATION
- FERGUSON PLC
- SIBANYE GOLD LIMITED
- ROLLS-ROYCE HOLDINGS PLC
- VULCAN MATERIALS COMPANY
- FRANCO-NEVADA CORPORATION
- YILI COMPANY
- BAE SYSTEMS PLC
- CORNING INCORPORATED
- FUJIFILM HOLDINGS
- NEWMONT MINING CORPORATION
- BARRICK GOLD CORPORATION
- RANDGOLD RESOURCES LIMITED
- SOUTHERN COPPER CORPORATION
- NUTRIEN LTD.
- CRRC
- EXPERIAN PLC
Conclusion
The basic industries field is perhaps the largest and most diverse industrial sector in the US. The types of goods the companies make can be very diverse, from toothpaste to jet engines, and from airplanes to auto parts. With such a wide range of products, it can be difficult to know where to begin when identifying a potential company.
There are many public companies within this field that you may have heard of. However, to ensure a complete list, we have provided a few of the more recognizable companies in the field. Now it’s time to get started your research and find a potential company in the basic industries field.
