Brazil is the largest country in both South America and Latin America. Brazil's economy is the world's ninth-largest by nominal GDP and seventh-largest by GDP (PPP) as of 2015. A member of the BRICS group, Brazil until 2010 had one of the world's fastest growing major economies, with its economic reforms giving the country new international recognition and influence. Brazil's national development bank plays an important role for the country's economic growth. Brazil is a founding member of the United Nations, the G20, BRICS, Unasul, Mercosul, Organization of American States, Organization of Ibero-American States, CPLP, and the Latin Union. Brazil is a regional power in Latin America and a middle power in international affairs, with some analysts identifying it as an emerging global power. One of the world's major breadbaskets, Brazil has been the largest producer of coffee for the last 150 years.
For further information on the types of business entities in this country and their abbreviations, see "Business entities in Brazil".
Largest firms
See also: List of largest Brazilian companiesThis list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before March 31, 2017. Only the top five firms (if available) are included as a sample.
Rank | Image | Name | 2016 Revenues (USD $M) | Employees | Notes |
---|---|---|---|---|---|
75 | Petrobras | $81,405 | 68,829 | Large petroleum refining firm in Rio de Janeiro. The company has been on the list for 22 years, peaking at 23 in 2012. A 16% drop in revenues has moved them down to 75th. | |
113 | Banco Itaú Unibanco | $66,876 | 94,779 | Large financial conglomerate headquartered in São Paulo. The firm debuted on the list in 2014 at 138 and has risen on the list despite a 21% drop in revenues. | |
151 | Banco do Brasil | $58,093 | 100,622 | One of the largest banks in Latin America, Banco do Brasil is headquartered in Brasília. While the firm has been on the F500 list for 23 years, it moved dramatically, almost dropping off the list in 2002 but climbing back to 88 in 2012. | |
154 | Banco Bradesco | $57,443 | 94,541 | Large banking and financial services company with operations worldwide. The firm has experienced a significant drop in revenues in recent years, but rose 31% in 2017 to move back to 154 on the list. | |
191 | JBS S.A. | $48,825 | 237,061 | Massive meat processing concern with facilities around the world. JBS entered the list in 2010 and has rapidly risen to its current position of 191. |
Notable firms
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
AES Eletropaulo | Utilities | Conventional electricity | Barueri | 1899 | Electrical utility, (B3: ELPL3, ELPL5, ELPL6) | P | A |
Agrale | Consumer goods | Commercial vehicles | Caxias do Sul | 1962 | Bus, coach, tractor, truck & military vehicles | P | A |
Airship do Brasil | Industrials | Aerospace | São Paulo | 2005 | The only blimp manufacturer in Latin America | P | A |
Algar | Telecommunications | Fixed line telecommunications | Uberlândia | 1954 | Fixed-line & mobile | P | A |
Alupar | Electric Utility | Power Generation and Transmission | São Paulo | 2007 | Transmission lines, wind farms | P | A |
AmBev | Consumer goods | Brewers | São Paulo | 1999 | Brewery, (B3: AMBV3, AMBV4) | P | A |
Andrade Gutierrez | Conglomerates | - | Belo Horizonte | 1948 | Construction and building materials, engineering (B3: ANDG3B, ANDG4B) | P | A |
Aperam South America | Basic materials | Iron & steel | Belo Horizonte | 1944 | Steel | P | A |
Aracruz Celulose | Basic materials | Paper | Aracruz | 1972 | Paper, merged into Fibria in 2009 | P | D |
AstralSat | Consumer services | Broadcasting & entertainment | São Paulo | 2005 | Satellite television | P | A |
Avianca Brasil | Consumer services | Airlines | São Paulo | 1998 | Airlines | P | D |
Avibras | Industrials | Aerospace & defense | São José dos Campos | 1961 | Missiles, rockets, military vehicles | P | A |
Azul Brazilian Airlines | Consumer services | Airlines | Barueri | 2008 | Low cost carrier | P | A |
B2W | Consumer services | Broadline retailers | Rio de Janeiro | 2006 | Retail, (B3: BTOW3) | P | A |
Banco Bradesco | Financials | Banks | Osasco | 1943 | Private bank, (B3: BBDC3, BBDC4) | P | A |
Banco do Brasil | Financials | Banks | Rio de Janeiro | 1808 | State controlled bank, (B3: BBAS11, BBAS12, BBAS3) | S | A |
Banco Nossa Caixa | Financials | Banks | São Paulo | 1916 | Bank, defunct 2008 | P | D |
Banco Safra | Financials | Banks | São Paulo | 1955 | Local bank | P | A |
Banestes | Financials | Banks | Vitória | 1937 | State bank, (B3: BEES3, BEES11) | S | A |
Banrisul | Financials | Banks | Porto Alegre | 1928 | Bank, (B3: BRSR3, BRSR5, BRSR6) | P | A |
BM&F Bovespa | Financials | Investment services | São Paulo | 1890 | Exchange, (B3: BVMF3) | P | A |
Bob's | Consumer services | Restaurants & bars | Rio de Janeiro | 1952 | Restaurants | P | A |
Bradespar | Financials | Banks | São Paulo | 2000 | Investment holding, (B3: BRAP3, BRAP4) | P | A |
Brasil & Movimento | Consumer goods | Automobiles | São Paulo | 2000 | Motorcycles & bicycles | P | A |
Brasil Kirin | Consumer goods | Brewers | Itu | 1939 | Brewery | P | D |
Brasil Telecom | Telecommunications | Fixed line telecommunications | Brasília | 1998 | Telecommunications, defunct 2009 | P | D |
Braskem | Basic materials | Diversified chemicals | São Paulo | 2002 | Petrochemicals, (B3: BRKM3, BRKM5) | P | A |
BRF S.A. | Consumer goods | Food products | São Paulo | 2009 | Beverage and food | P | A |
Caixa Econômica Federal | Financials | Banks | Rio de Janeiro | 1861 | State bank | S | A |
Caloi | Consumer goods | Recreational products | São Paulo | 1898 | Bicycles | P | A |
Carbuss | Consumer goods | Commercial vehicles | Joinville | 2017 | Bus & coach | P | A |
Casas Bahia | Consumer services | Specialty retailers | São Caetano do Sul | 1952 | Furniture, home retail | P | A |
CBC | Industrials | Defense | São Paulo | 1926 | Ammunition | P | A |
CCR S.A. | Transportation | Transportation services | São Paulo | 1945 | Transportation, (B3: CCRO3) | P | A |
Celesc | Utilities | Conventional electricity | Florianópolis | 1955 | Electrical utility, (B3: CLSC3, CLSC5, CLSC6) | P | A |
CEMIG | Utilities | Conventional electricity | Belo Horizonte | 1952 | Electrical utility, (B3: CMIG3, CMIG4) | P | A |
CESP | Utilities | Conventional electricity | São Paulo | 1966 | Electrical utility, (B3: CESP3, CESP5, CESP6) | P | A |
Chamonix | Consumer goods | Automobiles | São Paulo | 1987 | Replicas, sports cars | P | A |
CI&T | Information technology | software development | Campinas | 1995 | Agile software development, Infrastructure management, Mobile application development, User experience Software design | P | A |
Cia. Hering | Consumer services | Broadline retailers | Blumenau | 1880 | Department stores, (B3: HGTX3) | P | A |
Cielo | Financials | Investment services | Barueri | 1997 | Financial transactions | P | A |
Citrosuco | Agri-business | Food products | Matão | 2010 | Orange juice, essential oil, limonene | P | A |
Comil | Consumer goods | Commercial Vehicules | Erechim | 1985 | Bus and Coach | P | A |
Comgás | Utilities | Gas distribution | São Paulo | 1872 | Gas utility, subsidiary of Cosan (B3: CGAS3, CGAS5) | P | A |
CPFL | Utilities | Conventional electricity | Campinas | 1912 | Electrical utility, (B3: CPFE3) | P | A |
Companhia Siderúrgica Nacional | Basic materials | Iron & steel | São Paulo | 1941 | Steel, (B3: CSNA3) | P | A |
Copacol | Consumer goods | Food products | Cafelândia | 1963 | Food | P | A |
Copel | Utilities | Conventional electricity | Curitiba | 1954 | Electrical utility, (B3: CPLE3, CPLE5, CPLE6) | P | A |
Correios | Industrials | Delivery services | Brasília | 1663 | Postal services | S | A |
Cosan | Conglomerate | Bioethanol, sugar and energy production | São Paulo | 1936 | Energy, ethanol, fuel, logistics, (B3: CSAN3) | P | A |
CTEEP | Utilities | Conventional electricity | São Paulo | 1999 | Electrical utility, (B3: TRPL3, TRPL4) | P | A |
Cyrela Brazil Realty | Industrials | Building products | São Paulo | 1962 | Construction and building materials, (B3: CYRE3) | P | A |
Dafra Motos | Consumer goods | Automobiles | Manaus | 2007 | Motorcycles | P | A |
D'Alegria | Consumer goods | Musical Instruments | Rio de Janeiro | 2003 | Electric guitars and basses | P | A |
Del Vecchio | Consumer goods | Recreational products | São Paulo | 1902 | Classical and resonator guitars | P | A |
Diagnosticos da America | Health care | Health care providers | Barueri | 2003 | Clinical laboratory | P | A |
Diler & Associados | Consumer services | Broadcasting & entertainments | Rio de Janeiro | 1988 | Film production | P | A |
Duratex | Basic materials | Paper | São Paulo | 1961 | Wood and paper, (B3: DURA3, DURA4) | P | A |
EBX Group | Conglomerates | - | Rio de Janeiro | 1984 | Energy, mining, transportation | P | A |
Eletrobras Furnas | Utilities | Conventional electricity | Rio de Janeiro | 1957 | Electrical utility | P | A |
Eletrobrás | Utilities | Conventional electricity | Rio de Janeiro | 1962 | Electrical utility, (B3: ELET3, ELET5, ELET6) | P | A |
Elo | Financial | Financial Services | Barueri | 2011 | Credit card, debit card, and prepaid card issuing and network processing | P | A |
Embraco | Industrials | Industrial machinery | Joinville | 1971 | Refrigeration compressors & condensers | P | A |
Embraer | Industrials | Aerospace & defense | São Paulo | 1969 | Civil & military aircraft, (B3: EMBR3) | P | A |
Embratel | Telecommunications | Fixed line telecommunications | Rio de Janeiro | 1965 | Fixed-line & mobile, part of América Móvil, (B3: EBTP3, EBTP4) | P | A |
EMGEPRON | Industrials | Defense & shipbuilding | Rio de Janeiro | 1982 | Naval shipbuilding, engineering, munitions, part of Brazilian Navy | S | A |
Embrapa | Consumer goods | Farming & fishing | Brasília | 1972 | Agricultural research | S | A |
EMS | Health care | Pharmaceuticals | Hortolândia | 1950 | Pharma | P | A |
Estaleiro Atlântico Sul | Industrials | Shipbuilding | Ipojuca | 2005 | FPSO, Oil tankers, Oil platforms, Platform supply vessels, Tugboats | P | A |
Estrela | Consumer goods | Toys | São Paulo | 1937 | Toys, (B3: ESTR3, ESTR4) | P | A |
Eurofarma | Health care | Pharmaceuticals | São Paulo | 1972 | Pharma | P | A |
Extrafarma | Consumer services | Specialty retailers | Belém | 1960 | Drugstore chain, subsidiary of Ultrapar | P | A |
Fabral | Consumer goods | Automobiles | Palmas | 2002 | Off-road SUVs | P | A |
Fibria | Basic materials | Paper | São Paulo | 2009 | Pulp and Paper and lumber | P | A |
Finta | Consumer goods | Sports equipment and acessories | São Paulo | 1987 | Boots, balls, sport equipment and acessories | P | A |
Forship | Engineering Services | Oil & Gas, Energy, Mining, Petrochemical | Rio de Janeiro | 1998 | Commissioning, O&M, C&M, Consultancy, HMSWeb | P | A |
Gafisa | Financials | Real estate development & operations | São Paulo | 1954 | Real estate construction, (B3: GFSA3) | P | A |
Garoto | Consumer goods | Food products | Vila Velha | 1929 | Chocolate | P | A |
Gerdau | Basic materials | Iron & steel | Porto Alegre | 1901 | Steel, (B3: GGBR3, GGBR4) | P | A |
Giannini | Consumer goods | Musical Instruments | São Paulo | 1900 | Multiple instruments | P | A |
Global Táxi Aéreo | Consumer services | Airlines | São Paulo | 1994 | Charter Airlines | P | A |
Gol Transportes Aéreos | Consumer services | Airlines | São Paulo | 2000 | Airline, (B3: GOLL3, GOLL4) | P | A |
GPA | Consumer services | Food retailers & wholesalers | São Paulo | 1948 | Markets, owned by Groupe Casino (B3: PCAR3, PCAR4) | P | A |
Grupo Abril | Consumer services | Broadcasting & entertainment | São Paulo | 1950 | Publisher, television | P | A |
Grupo Folha | Consumer services | Publishing | São Paulo | 1921 | Publisher | P | A |
Grupo Positivo | Conglomerates | - | Curitiba | 1972 | Publishing, technology, education, (B3: POSI3) | P | A |
Habib's | Consumer goods | Restaurants & bars | São Paulo | 1988 | Restaurants | P | A |
Havaianas | Consumer goods | Footwear and Acessories | São Paulo | 1962 | Flip Flops, Sandals, Personal Acessories | P | A |
Helibras | Industrials | Aerospace & defense | Itajubá | 1978 | Civil & military helicopters, subsidiary of Airbus Helicopters (Europe) | P | A |
Hidden Pousadas Brazil | Consumer services | Travel & tourism | Rio de Janeiro | 2008 | Brazilian tourism | P | A |
Hypermarcas | Health care | Pharmaceuticals | São Paulo | 2001 | Pharma | P | A |
IGB Eletrônica | Consumer goods | Consumer electronics | Manaus | 1964 | Computers and electronics, (B3: IGBR3) | P | A |
IMBEL | Arms Industry | Defense | Piquete | 1934 | Firearms and munition | P | A |
Infraero | Industrials | Heavy construction | Brasília | 1973 | Transportation infrastructure | S | A |
Iochpe-Maxion | Consumer goods | Auto parts | São Paulo | 1918 | Wheels, (B3: MYPK4, MYPK3) | P | A |
Ipiranga | Oil & gas | Oil & gas refining & marketing | Porto Alegre | 1937 | Subsidiary of Ultrapar | P | A |
Banco Itaú Unibanco | Financials | Banks | São Paulo | 2008 | Bank, (B3: ITAUB3, ITAUB4) | P | A |
Itaúsa | Conglomerates | - | São Paulo | 1966 | Finance, health care, chemicals, (B3: ITSA3, ITSA4) | P | A |
Itautec | Technology | Computer hardware | São Paulo | 1979 | Computer Systems | P | A |
JBS S.A. | Consumer goods | Food products | São Paulo | 1953 | Meat processing, (B3: JBSS3) | P | A |
Klabin | Basic materials | Paper | São Paulo | 1899 | Paper, (B3: KLBN3, KLBN4) | P | A |
LATAM Brasil | Consumer services | Airlines | São Paulo | 1976 | Airline, (B3: TAMM3, TAMM4) | P | A |
Light | Utilities | Conventional electricity | Rio de Janeiro | 1904 | Electrical utility, (B3: PCAR3, PCAR4) | P | A |
Lojas Americanas | Consumer services | Broadline retailers | Rio de Janeiro | 1929 | Retail, (B3: LAME3, LAME4) | P | A |
Lojas Renner | Consumer services | Broadline retailers | Porto Alegre | 1912 | Department Store, (B3: LREN3) | P | A |
Lojas Riachuelo | Consumer services | Broadline retailers | Natal | 1947 | Department stores | P | A |
M. Dias Branco | Consumer goods | Food products | Eusébio | 1936 | Beverage and food | P | A |
Máquina de Vendas | Consumer services | Broadline retailers | São Paulo | 2010 | Retail | P | A |
Marcopolo | Consumer goods | Commercial vehicles | Caxias do Sul | 1949 | Bus and coach, (B3: POMO3, POMO4) | P | A |
Marfrig | Consumer goods | Food products | São Paulo | 2000 | Food processing (MRFG3) | P | A |
Mascarello | Consumer goods | Commercial vehicles | Cascavel | 2003 | Bus & coach | P | A |
Módulo | Technology | Software | Rio de Janeiro | 1985 | Technology | P | A |
Mondial | Consumer goods | Home appliances | Barueri | 1999 | Cookware, small and medium appliances, power tools | P | A |
Mover Participações | Conglomerates | - | São Paulo | 1939 | Construction, real estate, oil & gas, (B3: CCIM3) | P | A |
MRS Logística | Transportation | Delivery services | Rio de Janeiro | 1997 | Logistics | P | A |
MRV Engenharia | Industrials | Heavy construction | Belo Horizonte | 1979 | Construction, (B3: MRVE3) | P | A |
Mundial | Consumer goods | Metalworking | São Paulo | 1896 | Tableware, cutlery, motors and fasteners | P | A |
MWM International Motores | Consumer goods | Auto parts | São Paulo | 1953 | Diesel engines manufacturing, subsidiary of Navistar International (USA) | P | A |
Natura | Consumer goods | Personal products | São Paulo | 1969 | Cosmetics, (B3: NATU3) | P | A |
NET | Technology | Internet | São Paulo | 1991 | Broadband, (B3: NETC3, NETC4) | P | A |
Netshoes | Consumer goods | Online retailer | São Paulo | 2000 | Footwear, sport goods | P | A |
O Boticário | Consumer goods | Personal products | São José dos Pinhais | 1977 | Personal care | P | A |
Oi | Telecommunications | Fixed line telecommunications | Rio de Janeiro | 1998 | Fixed-line & mobile | P | A |
Oxiteno | Basic materials | Diversified chemicals | São Paulo | 1970 | Chemicals, subsidiary of Ultrapar | P | A |
Pantanal Linhas Aéreas | Consumer services | Airlines | São Paulo | 1990 | Airline, defunct 2013 | P | D |
Petrobras | Oil & gas | Oil & gas exploration & production | Rio de Janeiro | 1953 | Petroleum, (B3: PETR3, PETR4) | P | A |
Porto Seguro | Financials | Financial services | São Paulo | 1945 | Insurance | P | A |
Rainha | Consumer goods | Footwear and sports equipment | São Paulo | 1934 | Sport shoes and related equipment | P | A |
Raízen | Fuel and energy production | Bioethanol, sugar and fuel | São Paulo | 2010 | Bioethanol and fuel | P | A |
RecordTV | Consumer services | Broadcasting & entertainment | São Paulo | 1953 | Television, part of Grupo Record | P | A |
Organizações Globo | Consumer services | Broadcasting & entertainment | Rio de Janeiro | 1965 | Television | P | A |
Rede S.A. | Financials | Investment services | Barueri | 1996 | Financial services, (B3: RDCD3) | P | A |
RedeTV! | Consumer services | Broadcasting & entertainment | Osasco | 1999 | Television | P | A |
Rico Linhas Aéreas | Consumer services | Airlines | Manaus | 1996 | Airline, defunct 2010 | P | D |
Rio de Janeiro Metro | Consumer services | Airlines | Rio de Janeiro | 1979 | (B3: OPRT3) | P | A |
Rossi Residencial | Financials | Real estate development & operations | São Paulo | 1992 | Real estate construction, (B3: RSID3) | P | A |
Rumo Logística | Transportation | Railroads | Curitiba | 1997 | Railways, (B3: ALL11, ALL3, ALL4) | P | A |
Sabesp | Utilities | Water | São Paulo | 1973 | Water utility, (B3: SBSP3) | P | A |
Serviço Federal de Processamento de Dados | Technology | Software | Brasília | 1964 | IT services | S | A |
SIATT | Industrials | Aerospace & defense | São José dos Campos | 2015 | Missiles | P | A |
SBT | Consumer services | Broadcasting & entertainment | São Paulo | 1981 | Television | P | A |
SulAmérica | Financials | Financial services | Rio de Janeiro | 1895 | Insurance | P | A |
Suzano Papel e Celulose | Basic materials | Paper | Salvador | 1924 | Pulp and paper and lumber | P | A |
TAC | Consumer goods | Automobiles | Joinville | 2004 | SUVs | P | A |
Tagima | Consumer goods | Musical Instruments | São Paulo | 1986 | Electric, acoustic, and classical guitars and basses | P | A |
Taurus | Industrials | Defense | Porto Alegre | 1939 | Firearms, (B3: FJTA3, FJTA4) | P | A |
Tectoy | Consumer goods | Toys | São Paulo | 1987 | Toys | P | A |
Telequartz | Basic materials | General mining | Rio de Janeiro | 1926 | Mining | P | A |
Tonante | Consumer goods | Musical Instruments | São Paulo | 1954 | Electric and acoustic guitars | P | A |
Total Linhas Aéreas | Consumer services | Airlines | Belo Horizonte | 1988 | Airline | P | A |
Tramontina | Consumer goods | Cutlery and acessories | Carlos Barbosa | 1911 | Tableware, cookware, pressure cookers, kitchen tools and accessories | P | A |
TRIP Linhas Aéreas | Consumer services | Airlines | São Paulo | 1998 | Airline, defunct 2014 | P | D |
Troller Veículos Especiais | Consumer goods | Automobiles | Horizonte | 1995 | SUVs, subsidiary of Ford Motor (USA) | P | A |
TV Cultura | Consumer services | Broadcasting & entertainment | São Paulo | 1960 | Television | P | A |
Ultragaz | Utilities | Gas distribution | São Paulo | 1937 | Gas utility, subsidiary of Ultrapar | P | A |
Ultrapar | Conglomerates | - | São Paulo | 1937 | Chemicals, drugstores, fuel, logistics (B3: UGPA3, UGPA4) | P | A |
Universo Online | Technology | Internet | São Paulo | 1996 | Internet service provider, (B3: UOLL3, UOLL4) | P | A |
Usiminas | Basic materials | Iron & steel | Belo Horizonte | 1956 | Steel, (B3: USIM3, USIM5, USIM6) | P | A |
Vale | Basic materials | General mining | Rio de Janeiro | 1942 | Mining, (B3: VALE3, VALE5) | P | A |
Varig | Consumer services | Airlines | Porto Alegre | 1927 | Airline, defunct 2006 | P | D |
Vibra Energia | Oil & gas | Oil & gas exploration & production | Rio de Janeiro | 1971 | Fuel, biofuel | P | A |
Vigor S.A. | Consumer goods | Food products | Anta Gorda | 1917 | Dairy, part of Grupo Lala (Mexico) | P | A |
Vivo | Telecommunications | Fixed line telecommunications | São Paulo | 1993 | Fixed-line & mobile, subsidiary of Telefónica (Spain), (B3: VIVO3, VIVO4) | P | A |
Votorantim | Conglomerates | - | São Paulo | 1918 | Financials, energy, paper, (B3: VCPA3, VCPA4) | P | A |
WebJet Linhas Aéreas | Consumer services | Airlines | Rio de Janeiro | 2005 | Airline, defunct 2012 | P | D |
WEG Industries | Industrials | Industrial engineering | Jaraguá do Sul | 1961 | Electric motors, generators, switchgears, transformers, industrial automation, wind and steam turbines (B3: WEGE3) | P | A |
Wilson, Sons | Transportation | Port and Maritime Logistics | Rio de Janeiro | 1837 | Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards | P | A |
XMobots | Industrials | Aerospace & defense | São Paulo | 2007 | Unmanned systems | P | A |
- Central Bank of Brazil, in Brasília
- P-51, an oil platform of Petrobras.
- A KC-390 military transport aircraft, developed by Brazilian company Embraer.
References
- "Report for Selected Countries and Subjects". imf.org.
- "CIA – The World Factbook – Country Comparisons – GDP (purchasing power parity)". Cia.gov. Archived from the original on June 13, 2007. Retrieved 25 January 2011.
- Clendenning, Alan (17 April 2008). "Booming Brazil could be world power soon". USA Today – The Associated Press. p. 2. Retrieved 12 December 2008.
- Fernando J. Cardim de Carvalho (January 2013). "Relative insulation". D+C Development and Cooperation/ dandc.eu.
- Clare Ribando Seelke (2010). Brazil-U. S. Relations. Congressional Research Service. p. 1. ISBN 978-1-4379-2786-3.
- Jorge Dominguez; Byung Kook Kim (2013). Between Compliance and Conflict: East Asia Latin America and the New Pax Americana. Center for International Affairs, Harvard University. pp. 98–99. ISBN 978-1-136-76983-2.
- Jeff Neilson; Bill Pritchard (26 July 2011). Value Chain Struggles. John Wiley & Sons. p. 102. ISBN 9781444355444.
- DeCarlo, Scott (20 July 2017). "The Fortune 2017 Global 500". Fortune.
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