![\"post-inpage-portrait-MASTER.jpg\"](\"https:\/\/www.ldc.com\/vn\/wp-content\/uploads\/sites\/22\/post-inpage-landscape-MASTER-5.jpg\")
<\/figure>\n\n\n\nTommy Malone, who served as President for Allenberg and who counts nearly five decades at Louis Dreyfus Company (LDC), says those days were a far call from today\u2019s trading floors with their modern desktops, Bloomberg screens, and instant messaging systems.<\/p>\n\n\n\n
\u201cSteam boats would arrive at the river bank laden with hundreds of bales of cotton that had been picked in the Mississippi Delta,\u201d says Mr. Malone.<\/p>\n\n\n\n
\u201cMerchants and workers would leave their offices and walk down to the cobblestones to look at samples from the various bales of cotton and decide which to bid on,\u201d he adds.<\/p>\n\n\n\n Over the next 50 years, Allenberg grew to become one of the country\u2019s top 10 cotton companies, selling to both the US domestic industry and clients overseas.<\/p>\n\n\n\n In 1981, Allenberg was acquired by the Louis Dreyfus Group, which was then diversifying its portfolio in the region. As Allenberg was a valuable and widely-known local brand, the name remained.<\/p>\n\n\n\n Today, more than 35 years later, the company is still headquartered in Tennessee, operating as part of the Group. Already one of the world\u2019s largest cotton merchants, it continues to grow the business. Through Allenberg, LDC sources cotton from the world\u2019s largest producers – China, India, and the United States – as well as 50 other countries around the world.<\/p>\n\n\n\n With sizeable networks in consuming countries too, we continue to increase our business volumes and build strong relationships with both customers and suppliers over time.<\/p>\n\n\n\n \u201cWe take pride in providing a large, financially stable, reliable partner for growers and cotton consumers to do business with,\u201d Mr. Malone says, \u201cWe brought new, innovative contracts and trading options to both growers and consumers.\u201d<\/p>\n\n\n\n The Group builds its relationships in other ways too. Working with the Better Cotton Initiative (BCI) since its inception in 2005, we aim to reduce the key environmental impacts of cotton farming and improve the socio-economic benefits to farmers.<\/p>\n\n\n\n Looking to the future, our comparative advantages include global presence on storage, merchandizing, marketing, and logistics, as well as cutting edge research capabilities.<\/p>\n\n\n\n![\"post-inpage-landscape-MASTER.jpg\"](\"https:\/\/www.ldc.com\/vn\/wp-content\/uploads\/sites\/22\/post-inpage-portrait-MASTER.jpg\")
<\/figure>\n\n\n\nPositive Impact<\/h3>\n\n\n\n