World Grain - April 2018 - 97

WORLD GRAIN ARCHIVE

1988

mill construction project.
The mill will produce high gluten
&RQ$JUD ,QF WKH ODUJHVW ÀRXU ÀRXUEUHDGÀRXUDQGWRUWLOODÀRXULQ
milling company in the United States, bulk and bags. Wheat from all hard
DQG ,QWHUQDWLRQDO 0XOWLIRRGV &RUS wheat producing areas, including
have signed an agreement in principle California, will be utilized.
IRU&RQ$JUDWRSXUFKDVHWKHDVVHWVRI
,QWHUQDWLRQDO 0XOWLIRRGV¶ 86 ÀRXU 1998
milling business.
7KH86ÀRXUPLOOLQJEXVLQHVVRI
$QDJUHHPHQWLQSULQFLSOHWRPHUJH
,QWHUQDWLRQDO 0XOWLIRRGV SURGXFHV the Millers' National Federation
ÀRXUDWHLJKWPLOOVLQ0LQQHVRWD0LV- 01)WKH$PHULFDQ0DL]H0LOOHUV
souri, New York, Ohio and Oklaho- )HGHUDWLRQ DQG 3URWHLQ *UDLQ 3URGPD&RQ$JUDRSHUDWHVPLOOVLQWKH XFWV ,QWHUQDWLRQDO KDV EHHQ UHDFKHG
United States and one in Puerto Rico. by the three organizations. Under the
,QWHUQDWLRQDO 0XOWLIRRGV¶ ÀRXU PLOO- agreement, the resultant group will be
ing operations in Canada and Venezu- QDPHG WKH 1RUWK $PHULFDQ 0LOOHUV¶
ela are not included in the acquisition. $VVRFLDWLRQDQGKHDGTXDUWHUVZLOOEH
in Washington, D.C., U.S.
Oman Four Mills has begun conThe MNF, by far the largest of the
struction of 24 reinforced concrete si- three groups, approved the merger in
los at its grain storage complex at the a resolution at a special membership
Port of Mina Qaboos in Oman. The meeting on March 8. The meeting
year-long project involves the con- was conducted at the beginning of
struction of slipform concrete silos the annual MNF soft wheat meetmeasuring 8 meters in diameter and LQJ$FFRUGLQJWRWKHDJUHHPHQWWKH
45 meters high, that will be built in merger was scheduled to take effect
four groups of six.
RQ$SULODQGWKHQHZDVVRFLDWLRQ¶V
2QHRIWKH¿UVWSKDVHVRIWKHSURMHFW ¿UVWPHHWLQJZRXOGFRLQFLGHZLWKWKH
is to remove more than 10,000 cubic 01)DQQXDOPHHWLQJ$SULOLQ
meters of rock controlled by blasting. Santa Barbara, California, U.S.
$JUL&RQVXOWRI6ZHGHQLVFRQVXOWLQJ
engineer and quantity surveyor.
)DUPODQG ,QGXVWULHV ,QF KDV
formed a joint venture with Bay State
Cargill recently broke ground for 0LOOLQJ &R DQG 6RXWKZHVW *UDLQ
FRQVWUXFWLRQRIDZKHDWÀRXUPLOOLQ Marketers to construct and operate
the San Bernardino, California, U.S., D QHZ ÀRXU PLOO LQ7H[DV7KH MRLQW
suburb of Devore.
venture gives Bay State access to
,WLVWKH¿UVWPLOOWREHEXLOWE\WKH wheat, while providing market access
FRPSDQ\ DQG LWV ¿UVW LQ WKH ZHVWHUQ to area wheat producers. Southwest
United States. The Cargill mill, with *UDLQ 0DUNHWHUV ZLOO VXSSO\ ZKHDW
daily milling capacity of 400 tonnes WRWKHÀRXUPLOOLQFUHDVLQJLWVDQQXDO
of hard wheat, is expected to be com- throughput and adding value to its
pleted in early 1989 at a cost of $12 EXVLQHVVHVRI¿FLDOVVDLG
million.
)DUPODQG ,QGXVWULHV 1RUWK$PHU&DUJLOOWKHWKLUGODUJHVWÀRXUPLOOHU ica's largest farmer-owned cooperain the United States, operates 13 other tive, is using the venture to enter the
ÀRXU PLOOV DURXQG WKH FRXQWU\ VDLG ÀRXU PLOOLQJ EXVLQHVV DQG WR IXUWKHU
Lawrence F. Dewitt, president of the EHQH¿W WKH FRRSHUDWLYH¶V IDUPWR
&DUJLOO)ORXU0LOOLQJ'LYLVLRQ+RZ- WDEOH VWUDWHJ\ VDLG +' &OHEHUJ
ever, those mills were acquired as on- SUHVLGHQWDQGFKLHIH[HFXWLYHRI¿FHU
going business, making the San Ber- of Farmland.
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7KHÀRXUPLOOZLOOEHEXLOWLQ6DJLwww.World-Grain.com / World Grain / April 2018

naw, Texas, U.S., and will be located
adjacent to the Farmland grain elevator, where the mill will lease space,
thus eliminating the need to construct
grain storage.

2008

1982
1983
1984
1985
1986

Opsraie Management LLC, a New
York-based investment management
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reached an agreement under which an
investor group led by Ospraie Special Opportunities Fund will acquire
for about $2.1 billion the trading and
merchandising operation conducted
E\WKH&RQ$JUD7UDGH*URXS,QFOXGed will be the unit's grain storage and
handling assets.
7KH7UDGH*URXSZLOOEHUHQDPHG
*DYLORQ //& XSRQ FRPSOHWLRQ RI
WKH VDOH *UHJ +HFNPDQ SUHVLGHQW
RI WKH &RQ$JUD )RRGV &RPPHUFLDO
businesses, will become chief execuWLYHRI¿FHURI*DYLORQXSRQFORVLQJ
$FFRUGLQJWR&RQ$JUD*DYLORQZLOO
remain in its current Omaha, NebrasND86RI¿FHVDIWHUWKHWUDQVDFWLRQ
closes and will retain virtually all of
the approximately 950 employees of
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The agreement includes 144 facilities, located principally in North
$PHULFD
*OHQFRUH *UDLQ +XQJDU\ D VXEVLG\ RI *OHQFRUH ,QWHUQDWLRQDO $*
announced on March 6 that it is
planning to invest $35 million in an
oilseed press in the city of Fokto in
VRXWKHUQ+XQJDU\,WZLOOKDYHDFDpacity of 600,000 tonnes annually
and is expected to be completed by
the beginning of 2009.
Construction on a river port and
cargo rail track in Fokto have been
started in order to provide transport
FDSDFLWLHVIRUWKHRLOSUHVV*OHQFRUH
ZKLFK EHJDQ RSHUDWLQJ LQ +XQJDU\
11 years ago, generated revenues of
$450 million in 2007 from trading
grains, oilseeds, raw material for animal feed and vegetable oil.

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World Grain - April 2018

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