What Companies are in The Basic Industries Field? If you’re looking for a new job, deciding on a college major, or considering companies for your investment portfolio, you’ve probably come across the term “basic industries.”
According to the U.S. Bureau of Labor Statistics, there were over 6 million American firms classified as “basic industries” by the NAICS (North American Industry Classification System) in 2019, employing over 136 million people. Companies in this industry are key industries, accounting for over 300 stock mutual funds, index funds, and exchange-traded funds on the market.
But who are the companies in the basic industries sector? This article explains what companies are in the basic industries field?, deconstructs industry subcategories, and investigates the question, “Is a job in basic industries a good career path?”
What are Basic Industries?
The raw materials and energy sources required for production in other industries are provided by basic industries. Because they are foundational to producing key products and services, companies in the basic industry fields frequently sell products directly to manufacturers rather than consumers. For example, the steel industry is critical to the production of vehicles and appliances sold directly to consumers.
Because basic industries rely heavily on natural resources, products such as metals, fuels, and edible crops are frequently destined for export rather than domestic consumption. In some cases, key products can be used as economic leverage or to incentivize cross-national trade partnerships.
How Many Jobs Are Available In Basic Industries?
In the basic industries, there were more than 22,000 jobs in 2020. Remember that these fields are very different and can include any business where the product is not used to help the local economy. The product may help the local economy in the long run, though: Imagine that a farm in the U.S. grows soybeans, harvests them, ships them to another country, and then gets them back as packaged tofu products for the local grocery store. This is a good example of how the same product can help the local economy in different ways.
What makes a company part of the basic industries sector?
In short, companies in the basic industries field are those that sell the raw materials that other industries need to make things. The first step in basic industries is to look for or find raw materials. The last step is to extract and process these materials.
One of the most important parts of both underdeveloped and developing economies is the basic industries, which provide most of the materials for the goods and services people buy.
Best Companies Are In The Basic Industries Field
So, which companies operate in the basic industries sector? Here is a list of some of the most well-known companies in the fundamental industries:
BHP Group Limited
Melbourne, Victoria, Australia is the headquarters location.
This mining and petroleum company based in Australia produces essential materials such as coal, copper, iron, and nickel. Broken Hill Proprietary Company Limited (BHP) was established in New South Wales, Australia, in 1885.
BHP’s total profits peaked at around $21 billion in 2011, and the company was ranked as the world’s largest mining company in 2017. BHP had nearly 32,000 global employees as of 2019, with many working in high-level tech and engineering roles such as geoscience systems specialist, principal data modeling engineer, and specialist technology engineer.
Unilever
London, United Kingdom is the headquarters location.
The Dutch Margarine Unie company and the British Lever Brothers soap manufacturer merged to form Unilever in 1929. The multinational corporation manufactures consumer goods such as food, cleaning supplies, and personal care products.
Unilever is the parent company of well-known brands such as Ben & Jerry’s, Dove, Vaseline, and Hellmann’s; its products are sold in 190 countries and serve 3.4 billion people worldwide. Jobs at Unilever for tech professionals include Apple MAC and smartphone technical analyst, IT innovation lead, and customer development IT executive.
Schneider Electric
Rueil-Malmaison, France is the headquarters location.
This French Fortune Global 500 company offers energy management and digital automation products and services. Products offered by the multinational corporation include industrial safety and control systems, home automation, electrical grid automation, and power distribution systems.
Schneider Electric has over 128,000 global employees and distributes services in over 115 countries, with revenues of nearly €29 billion in 2021. Tech professionals can work as technical support engineers, AI cybersecurity architects, and AI solutions technical experts.
Procter and Gamble
Cincinnati, Ohio is the headquarters location.
Procter and Gamble, founded in 1837, is the world’s largest consumer goods company, with a total revenue of approximately $76 billion in 2021. P&G owns 65 well-known brands, including Pampers, Vicks, Oral-B, Pepto-Bismol, Crest, Pantene, and Herbal Essences.
With products that consistently lead the grooming, health, and personal care markets, Procter and Gamble serves approximately five billion annual consumers in over 180 countries. P&G employs approximately 95,000 people. IT professionals can work as IT software engineers, IT operations site leaders, and operations engineers.
PPG Industries
Pittsburgh, Pennsylvania is the headquarters location.
This chemical company ranked 218 on the Fortune 500 list in 2021 and had nearly $17 billion in net sales that year. PPG Industries’ primary products are paints, coatings, optical products, and specialty materials, which are used in the industrial and construction markets.
PPG employs approximately 50,000 people worldwide, with 21,300 in North America. The company offers numerous opportunities in technology and information technology, including positions such as application developer specialist, Linux infrastructure engineer specialist, and IT security manager.
Ecolab
Saint Paul, Minnesota is the headquarters location.
Ecolab is a multinational corporation that was founded in 1923 and provides services such as geothermal energy, chemical processing, food and beverage processing, pulp and paper manufacturing, water treatment, mineral processing, and mining.
In over 170 countries, the company employs approximately 50,000 people. Many tech-related jobs are available to applicants, including software engineer, system engineer, and solution architect.
DuPont
Wilmington, Delaware is the headquarters location.
DuPont, which was founded in 1802, has gone through many iterations in its 200-year history. The multinational corporation manufactures a wide range of goods, including building materials, fabrics, packaging materials, water solutions, and electronic solutions.
DuPont is a household name in industries such as construction, energy, and automotive materials. It is the parent company of a number of well-known brands, including Styrofoam.
Candidates interested in working in technology can look into positions such as IT network engineer, IT end-user experience, and master data supply chain specialist at DuPont.
Dow Chemical Company
Midland, Michigan is the headquarters location.
This Dow Inc. subsidiary manufactures chemicals, building materials, and agricultural products and is one of the world’s largest chemical producers. Adhesives, sealants, plastomers, monomers, optical materials, silicones, and polymers are among its numerous products.
Dow Chemical operates in approximately 160 countries and employs approximately 54,000 people worldwide. Information technology analyst, digital thread architect, and Microsoft development technical lead are just a few of the tech jobs available at Dow.
Masco Corporation
Alex Manoogian and his two partners founded the Masco Corporation in 1929.
By creating and selling home renovation items, the company specializes in design and construction. Some of the more well-known Masco brands include BrassCraft, Delta, FranklinBrass, Cobra, BEHR, and Kichler.
Masco employs over 18,000 people across 28 North American manufacturing plants and 10 overseas facilities. You can work as a technician, sales expert, paint expert, milling operator, or quality management inspector for this company.
Sealed Air Corporation
Sealed Air Corporation is an American corporation that manufactures and sells a variety of goods for use in homes, businesses, and industries, such as canned food, air conditioners, and humidifiers.
In 1932, the corporation was formed by the merger of three smaller businesses. The company’s headquarters are in Fort Valley, Pennsylvania.
Additional list of basic Industries Companies:
- Experian Plc
- CRRC
- Nutrien Ltd.
- 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
What companies are in the basic industries field?
There are many companies in the basic industries field that would make for good career options if you are looking for a thriving career path.
Steel is a viable building material because it is a tough, malleable, and relatively inexpensive metal. This metal, which is used in the manufacture of vehicles and buildings, is created by combining carbon and iron at temperatures no lower than 2600 degrees Celsius.
The mining industry Newmont, Southern Copper, and Freeport-McMoRan are some of the largest mining companies. In 2021, US mines produced approximately $90.4 billion in mineral commodities, a $9.7 billion increase from the previous year’s total of $80.7 billion.
Since the nineteenth century, oil and gas have dominated as the primary sources of energy. Oil is refined and used as a fuel to generate electricity and heat. Natural gas, on the other hand, is mined and distributed via pipelines for manufacturing and consumption.
Chemical industry As for companies in the chemical industry, Dow led the market in 2020 with sales of $38.5 billion, rising 22% to $55 billion in 2021. LyondellBasell Industries and DuPont are two other industry leaders.
Agriculture produces crops that are specifically designed for food production. Nearly half of the land in the United States has been set aside for agricultural purposes. The Midwestern United States, for example, almost entirely produces large quantities of wheat, corn, and soy.
Paper products such as office paper, printed publications, cardboard, and packaging are produced by the paper and pulp industry. Because it uses wood products, it accounts for approximately 13% – 15% of total wood consumption and 30 – 40% of global wood product trade.
How Can One Get a Tech Job in the Basic Industries?
The majority of jobs in the United States are in the basic industries. And these positions necessitate technical, engineering, and information technology expertise.
On their websites, many well-known companies provide information about careers in basic industries. As a job seeker, you can always look through the company’s career pages on their websites to find out where you want to work and what field you want to work in. You can also apply directly from the website.
More and more large corporations are partnering with colleges or boot camps to make it easier for students and graduates to pursue job opportunities through their institution’s career center or alum boards.
What qualifies a company for the basic industries sector?
In a nutshell, companies in the field of basic industries provide the raw materials that other industries use to make things. Exploration or discovery of raw materials is the first step in basic industries. Extraction and processing of raw materials is the last step.
Basic industries are one of the most important parts of both underdeveloped and developing economies because they provide most of the materials for the goods and services that people use.
Is Basic Industries a Good Career Path?
The jobs listed above are just a few of the many ways to get a job in the basic industry. Even though, by national standards, many jobs in basic industries are not very well paid, they can provide job security and stability. The Bureau of Labor Statistics says that over the next 10 years, jobs in the basic industries will grow by 2.7%. The growth of this industry is not expected to be very fast, but it is steady and predictable. Because of this, it’s a great job for people who want to work with the materials and products that make up our everyday lives.
What is the Importance of Basic Industries?
Many of the finished goods we use and depend on come from basic industries. Imagine if the steel in your car parts wasn’t very good. That could be a major cause of a simple accident.
Making sure that manufacturing companies get high-quality raw materials is the job of basic industries. These industries also put people to work in many different kinds of jobs in many different countries. These jobs include transportation, drilling, and environmental engineers, environmentalists, supervisors, and many more.
Here are some of the best-paying jobs in the field of basic industries. All of these jobs require a lot of hard work and training before people can start working in the field. Basic industries are not like regular jobs, so people who work in them must be very focused and in good physical and mental health.
Conclusion
We hope that this article has answered your question about “what companies are in the basic industries field.” Our list of organizations includes the most well-known and reputable names in the industry, and they all offer a variety of services and goods.
This list of basic industries companies includes everything from chemical manufacturers to engineering firms. If you’re looking to expand your business or find new opportunities, look into these companies.
Frequently Asked Questions (FAQs) about What Companies are in The Basic Industries Field?
Are engineering skills essential for basic industry jobs?
Although some fields of work in basic industry companies require engineering skills, most jobs do not require an engineering education. Many positions in management, administration, finance, information technology, computer numerical control, health and safety officers, and hands-on laborers do not require such knowledge.
What are the easiest jobs to get in the basic industry field?
In the basic industry field, entry-level jobs are typically the easiest to obtain. These positions are available in a wide range of basic industries. Keep in mind, however, that you will almost certainly need to pursue some form of higher education in order to be promoted to certain positions.
Which of the following is an example of basic industries?
Others are consumer industries, whereas aluminum smelting is a basic or key industry. Other important industries include copper smelting and the iron and steel industries.
What are the 4 main industries?
Mining, farming, and fishing are examples of primary industries that obtain raw materials. The secondary industry includes manufacturing, such as the production of automobiles and steel. Tertiary industries, such as teaching and nursing, provide a service. The quaternary industry includes research and development industries such as information technology.
What is a base industry?
A base industry, also known as a “export-oriented industry,” is a business that brings money into the area where it is physically located by selling goods or services to customers who live elsewhere.
How many jobs are available in basic industries?
According to the US Bureau of Labor Statistics (USBLS), the number of Basic Industries jobs available in 2022 is 24,504,000.
Are engineering skills essential for basic industries jobs?
Even though there are some jobs in basic industries that require engineering skills, for most jobs you won’t need an engineering degree. There are many jobs in management, administration, finance, information technology, computer numerical control, health and safety, and manual labor that don’t require this knowledge.
What are the easiest jobs to get in the basic industries field?
Most of the time, it’s easiest to get a job in the basic industries field at the entry level. There are jobs like these available in a wide range of basic industries. Keep in mind, though, that if you want to move up to certain positions, you may need to get a higher education.