World Grain - March 2018 - 58

FEATURE

SEABOARD'S
newest venture in Africa
Company acquires Mimran Group's milling and grain trading business
by Arvin Donley

S
The flour mill in
Abidjan, Ivory
Coast, that
Seaboard
acquired from
Mimran Group
has milling
capacity of 1,200
tonnes per 24
hours. Photos
courtesy of
Seaboard.
58

eaboard Corporation, for many years a major
player in the African milling industry, has recently increased its footprint on that continent with
WKHDFTXLVLWLRQRI*URXSH0LPUDQ¶VÀRXUPLOOLQJDQG
associated businesses located in Senegal, Ivory Coast
and Monaco.
U.S.-based Seaboard announced in January that it
KDV ¿QDOL]HG WKH GHDO ZKLFK ZLOO LQFUHDVH WKH ÀRXU
and feed milling capacity of its consolidated and nonconsolidated businesses by approximately 15%, to
more than 24,000 tonnes per day, and its grain trading
volume by approximately 9%, to about 10.5 million
tonnes per year.
With the acquisition, Seaboard now operates grainrelated businesses in 41 locations in 22 countries and
RSHUDWHVZKHDWÀRXUPLOOVLQ$IULFD6RXWK$PHULFD
and the Caribbean.
"We are excited to further our investment in subSaharan Africa with this acquisition and believe the
FXOWXUHDQGRSHUDWLRQVZLOOEHDJUHDW¿WZLWKRXUH[isting structure," said Steven Bresky, president and
FKLHIH[HFXWLYHRI¿FHURI6HDERDUG³6HDERDUGKDVKDG
commercial ties with the Mimran Group for almost 40

years and we look forward to integrating the business
into our existing trade strategy and expand our cargo
and trade opportunities as a result of this transaction.
We expect to continue to work closely together with
Mimran Group by leveraging our existing strengths
into a better industrial and trade-based business."
Dave Dannov, president of Seaboard's overseas trading group, told World Grain the company is acquiring
*URXSH 0LPUDQ¶V ÀRXU PLOO DQG IHHG PLOO LQ 'DNDU
6HQHJDO D ÀRXU PLOO LQ$ELGMDQ ,YRU\ &RDVW D ÀRXU
mill in San Pedro, Ivory Coast; and its grain trading
business based in Monaco.
"We view the addition of their grain trading business
positively as well as it allows us to further expand our
third-party grain trading base that supports our inteJUDWHGWUDGLQJWRRXURZQDI¿OLDWHV´'DQQRYVDLG³:H
expect we will be able to expand the grain trading business, which is something they never really focused on
as much as we will."
Dannov said the company plans to expand grain storage capacity at the mills in Abidjan and Dakar as well as
"replicating what we've done elsewhere in vertical integration opportunities in things like pasta and poultry."
March 2018 / World Grain / www.World-Grain.com



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World Grain - March 2018

Table of Contents for the Digital Edition of World Grain - March 2018

World Grain - March 2018
Contents
Black Sea Grain Conference examines prospects of agriculture commodity markets
FROM THE EDITOR - BRICS nations a growing force in grain
CALENDAR OF EVENTS
News review - Bunge sustains fourth-quarter loss
Seaboard milling income slides in fiscal 2017
FS Bioenergia to build corn ethanol plant in Brazil
Oman taps new general manager for Sohar Flour Mills
Bunge acquires Grupo Minsa’s U.S. corn milling business
Oilseeds, grains push Wilmar earnings higher
Chinese agency lifts import ban on Russian wheat
Grain group performance buoys The Andersons earnings
ADM earnings improve on cost, capital initiatives
ADM, Cargill to form soybean joint venture in Egypt
Grosse, milling executive at Wilkins-Rogers, dies
Chris Meyerpeter named CIO at Ardent Mills
ADM to renovate Iowa grain facility
Kongsore, co-founder of Grain Millers, Inc., dies
GRAIN MARKET REVIEW - Wheat
COUNTRY FOCUS - Ukraine
FEATURE: ANOTHER UPGRADE AT SOUTH AMMAN MILLS
FEATURE: MILL RUNNING STRONG IN HURRICANE AFTERMATH
FEATURE: RISING TO THE CHALLENGE
FEATURE: SEABOARD’S NEWEST VENTURE IN AFRICA
FEATURE: IAOM UPDATES SCHEDULE FOR ANNUAL MEETING
IAOM PRODUCT SHOWCASE
FEATURE: IPPE 2018 PACKED WITH CONTENT, PEOPLE
Richard Sellers reflects on 27-year career with AFIA
FEATURE: EAST AFRICAN STATES REMOVE ANIMAL FEED TAX
FEATURE: SANITARY DESIGN
FEATURE - GLOBAL WEATHER PATTERNS TO CHANGE IN MARCH
SUPPLIER NEWS
WORLD GRAIN ARCHIVE
ADVERTISER INDEX
World Grain - March 2018 - World Grain - March 2018
World Grain - March 2018 - World Grain - March 2018
World Grain - March 2018 - 2
World Grain - March 2018 - 3
World Grain - March 2018 - 4
World Grain - March 2018 - Black Sea Grain Conference examines prospects of agriculture commodity markets
World Grain - March 2018 - FROM THE EDITOR - BRICS nations a growing force in grain
World Grain - March 2018 - 7
World Grain - March 2018 - CALENDAR OF EVENTS
World Grain - March 2018 - 9
World Grain - March 2018 - Seaboard milling income slides in fiscal 2017
World Grain - March 2018 - 11
World Grain - March 2018 - Bunge acquires Grupo Minsa’s U.S. corn milling business
World Grain - March 2018 - Chinese agency lifts import ban on Russian wheat
World Grain - March 2018 - Grain group performance buoys The Andersons earnings
World Grain - March 2018 - ADM earnings improve on cost, capital initiatives
World Grain - March 2018 - Grosse, milling executive at Wilkins-Rogers, dies
World Grain - March 2018 - ADM to renovate Iowa grain facility
World Grain - March 2018 - Kongsore, co-founder of Grain Millers, Inc., dies
World Grain - March 2018 - 19
World Grain - March 2018 - 20
World Grain - March 2018 - 21
World Grain - March 2018 - GRAIN MARKET REVIEW - Wheat
World Grain - March 2018 - 23
World Grain - March 2018 - COUNTRY FOCUS - Ukraine
World Grain - March 2018 - 25
World Grain - March 2018 - 26
World Grain - March 2018 - 27
World Grain - March 2018 - FEATURE: ANOTHER UPGRADE AT SOUTH AMMAN MILLS
World Grain - March 2018 - 29
World Grain - March 2018 - 30
World Grain - March 2018 - 31
World Grain - March 2018 - 32
World Grain - March 2018 - 33
World Grain - March 2018 - 34
World Grain - March 2018 - 35
World Grain - March 2018 - 36
World Grain - March 2018 - 37
World Grain - March 2018 - 38
World Grain - March 2018 - 39
World Grain - March 2018 - FEATURE: MILL RUNNING STRONG IN HURRICANE AFTERMATH
World Grain - March 2018 - 41
World Grain - March 2018 - 42
World Grain - March 2018 - 43
World Grain - March 2018 - 44
World Grain - March 2018 - 45
World Grain - March 2018 - 46
World Grain - March 2018 - 47
World Grain - March 2018 - FEATURE: RISING TO THE CHALLENGE
World Grain - March 2018 - 49
World Grain - March 2018 - 50
World Grain - March 2018 - 51
World Grain - March 2018 - 52
World Grain - March 2018 - 53
World Grain - March 2018 - 54
World Grain - March 2018 - 55
World Grain - March 2018 - 56
World Grain - March 2018 - 57
World Grain - March 2018 - FEATURE: SEABOARD’S NEWEST VENTURE IN AFRICA
World Grain - March 2018 - 59
World Grain - March 2018 - 60
World Grain - March 2018 - 61
World Grain - March 2018 - 62
World Grain - March 2018 - 63
World Grain - March 2018 - FEATURE: IAOM UPDATES SCHEDULE FOR ANNUAL MEETING
World Grain - March 2018 - 65
World Grain - March 2018 - 66
World Grain - March 2018 - 67
World Grain - March 2018 - 68
World Grain - March 2018 - 69
World Grain - March 2018 - IAOM PRODUCT SHOWCASE
World Grain - March 2018 - 71
World Grain - March 2018 - 72
World Grain - March 2018 - 73
World Grain - March 2018 - 74
World Grain - March 2018 - 75
World Grain - March 2018 - FEATURE: IPPE 2018 PACKED WITH CONTENT, PEOPLE
World Grain - March 2018 - 77
World Grain - March 2018 - 78
World Grain - March 2018 - 79
World Grain - March 2018 - 80
World Grain - March 2018 - 81
World Grain - March 2018 - 82
World Grain - March 2018 - 83
World Grain - March 2018 - 84
World Grain - March 2018 - 85
World Grain - March 2018 - 86
World Grain - March 2018 - 87
World Grain - March 2018 - Richard Sellers reflects on 27-year career with AFIA
World Grain - March 2018 - 89
World Grain - March 2018 - 90
World Grain - March 2018 - 91
World Grain - March 2018 - FEATURE: EAST AFRICAN STATES REMOVE ANIMAL FEED TAX
World Grain - March 2018 - 93
World Grain - March 2018 - 94
World Grain - March 2018 - 95
World Grain - March 2018 - FEATURE: SANITARY DESIGN
World Grain - March 2018 - 97
World Grain - March 2018 - 98
World Grain - March 2018 - 99
World Grain - March 2018 - FEATURE - GLOBAL WEATHER PATTERNS TO CHANGE IN MARCH
World Grain - March 2018 - 101
World Grain - March 2018 - SUPPLIER NEWS
World Grain - March 2018 - 103
World Grain - March 2018 - 104
World Grain - March 2018 - 105
World Grain - March 2018 - 106
World Grain - March 2018 - 107
World Grain - March 2018 - 108
World Grain - March 2018 - WORLD GRAIN ARCHIVE
World Grain - March 2018 - ADVERTISER INDEX
World Grain - March 2018 - 111
World Grain - March 2018 - 112
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http://digital.world-grain.com/sosland/wg/2006_04_01
http://digital.world-grain.com/sosland/wg/2006_03_01
http://digital.world-grain.com/sosland/wg/2006_02_01
http://digital.world-grain.com/sosland/wg/2006_01_01
http://digital.world-grain.com/sosland/wg/2005_12_01
http://digital.world-grain.com/sosland/wg/2005_11_01
http://digital.world-grain.com/sosland/wg/2005_10_01
http://digital.world-grain.com/sosland/wg/2005_09_01
http://digital.world-grain.com/sosland/wg/2005_08_01
http://digital.world-grain.com/sosland/wg/2005_07_01
http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com