C&H annual report

Page 1



FOR EVERY


we’ve cheered WHEN YOU WERE




YOU WERE A KID

BY YOUR SIDE



WE GET YOUR DAY

sweet START

OFF TO A


&

we’re your family’s



FAVORITE




Our Background

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 01

Letter to the Shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 03 Our Family: The Board Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 05 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 09 Charitable Work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Outstanding Achievements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13


A B O U T US Founded in 1906 and operated from 1921 to 1993 as an

types, grades, and package sizes are sold within the two major

agricultural cooperative marketing in Hawaii. In 1993, the

groupings of grocery and industrial products. The refinery at

member companies sold their interests in C&H to Alexander

Crockett, California, refines, packages, and markets all of the

& Baldwin in Honolulu. Alexander & Baldwin subsequently

output from Hawaii’s sugar factories. The refinery employed

sold its majority share to an investment group in 1998,

490 people and produced 67,000 tons of refined cane sugar.

retaining a 40% common stock. In 2005, the common stock

Today C&H produces cane sugar and molasses for a vast U.S.

shares were acquired by American Sugar Refining (ASR,

market. The Crockett refinery processes over 700 thousand

better known as Domino Sugar) C&H’s primary market is

tons of cane sugar annually --more than 70 types, grades and

west of the Mississippi River in the United States, although

package sizes, including packaged consumer sugars as well as

some sugar is sold in various east coast stores. More than 100

packaged, liquid and bulk granulated industrial-use cane.


IF YOUR SAYS CAKE

THEN YOUR


For something so white, sugar certainly

might even get a rendition of the

process hasn’t changed much in the

has a colorful history. Brought to

jingle, a happy tune about the purity,

last 100 years; C&H’s commitment to

Europe from India by Alexander the

freshness and cleanness of the sun-

making the highest-quality product

Great in 325 B.C., the processed juice

soaked Hawaiian commodity.) C&H

hasn’t changed at all. To continue

from the sugar cane eventually made

Sugar, which turns 100 in 2006,

that commitment, the company has

its way to the New World, courtesy

processes more than 700,000 tons of

never shied from bringing some of the

of Christopher Columbus. Ask any

sugar each year in its Crockett, Calif.,

latest technology to its operations.

modern New Worlder in possession

refinery and distribution

One recent improvement is a SAP

of a sweet tooth: Which brand of

high-speed equipment can produce

data-collection

sugar sits in the kitchen canister?

close to a million pink-and-white

mobile

The answer likely will be C&H. (You

bags of sugar per day. The refining

Technologies Corp. Our goal with the

enter. Its

ystem with wireless

computers

from

Intermec


and a pinch more...

For something so white, sugar certainly

might even get a rendition of the

process hasn’t changed much in the

has a colorful history. Brought to

jingle, a happy tune about the purity,

last 100 years; C&H’s commitment to

Europe from India by Alexander the

freshness and cleanness of the sun-

making the highest-quality product

Great in 325 B.C., the processed juice

soaked Hawaiian commodity.) C&H

hasn’t changed at all. To continue

from the sugar cane eventually made

Sugar, which turns 100 in 2006,

that commitment, the company has

its way to the New World, courtesy

processes more than 700,000 tons of

never shied from bringing some of the

of Christopher Columbus. Ask any

sugar each year in its Crockett, Calif.,

latest technology to its operations.

modern New Worlder in possession

refinery and distribution

One recent improvement is a SAP

of a sweet tooth: Which brand of

high-speed equipment can produce

data-collection

sugar sits in the kitchen canister?

close to a million pink-and-white

mobile

The answer likely will be C&H. (You

bags of sugar per day. The refining

Technologies Corp. Our goal with the

enter. Its

ystem with wireless

computers

from

Intermec


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