World Grain - July 2018 - 97
WORLD GRAIN ARCHIVE
Central Soya Co., Inc., Fort Wayne,
Indiana, U.S., has announced a joint
venture with China Export Bases
Development Corp., giving Central Soya an entry into the Chinese
animal feed market. The agreement
calls for construction of animal
and premix manufacturing plants
in Weifang in Shandong Province.
Construction is expected to be completed in October.
"We have been seeking a good investment in China to anchor future
development plans," said Thomas
G. Hausenstein, senior vice-president of feed at Central Soya. "China
is the second largest and fastest
growing market in Asia for both
premixes and feeds. As standards of
living rise and the Chinese consume
more meat, growth opportunities
about 630 mills with an annual
capacity of more than 500 tonnes
each, said government approval of
the plan is expected later this year.
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toward bringing West Germany's
7.5-million-tonne milling capacity
closer to domestic demand of about
5 million tonnes. The country's
more than 700 mills with annual capacities of less than 500 tonnes will
not be affected by the plan.
regime. The contracts involved payment of $118 million in breach of the
United Nations sanctions between
Dec. 20, 2001, and Dec. 11, 2002.
Australia's House of Representatives accepted an amended bill
passed by the Australian Senate,
clearing the way for the new bulk
wheat export marketing system to be
in place by July 1, 2008.
In a move that would combine two
of the oldest and largest agricul1998
tural businesses in the United States,
Bunge Ltd. on June 23 announced its
,QUHVSRQVHWRHDUOLHU¿QGLQJVRILQ- intent to acquire Westchester, Illinois,
jury by the U.S. International Trade U.S.-based Corn Products InternaCommission, U.S. President Bill tional, Inc. for approximately $4.4
Clinton imposed temporary quotas billion, including the assumption of
on imports of wheat gluten that will $414 million of Corn Products' debt.
reduce 1998-99 imports by about
As part of the agreement, Corn
30% from recent levels.
Products shareholders would receive
Under the quotas, imports of Bunge stock worth $56 for each
wheat gluten will be limited in the share of Corn Products common
¿UVW \HDU ± -XQH WKURXJK stock they own - a 31% premium
David William Lapraik, 51, former 0D\±WRPLOOLRQNLOR- to Corn Products closing share price
general manager of Ocrim America, grams, which represents total aver- of $42.90 on June 30. The transacInc., died May 26 after suffering a age imports in the three crop years tion is expected to close in the fourth
heart attack in Wichita, Kansas, U.S. ended June 30, 1995. The quota will quarter of 2008.
Prior to becoming general manager increase to 60 million kilograms in
of Ocrim America in 1986, Lapraik the second year and 64 million kilo- James Richardson International (JRI)
was director of overseas operations grams in the third year.
announced on May 30 that it will
and head of milling consultancy
The president's action for the build a new canola processing plant
services and the technical services most part followed the March rec- in Yorkton, Saskatchewan, Canada.
department for Spillers Milling Ltd. ommendations of the U.S. Interna- The addition of the new plant, caof the U.K.
tional Trade Commission, which pable of processing 840,000 tonnes
A native of Carlisle, England, called for import quota to follow a of canola per year, will triple JRI's
Lapraik began his milling career in -DQXDU\ ¿QGLQJ RI ³VHULRXV LQMXU\´ canola oil production. The company
1954 in Africa where he held mill to the domestic wheat gluten indus- currently owns and operates Canbra
management positions in Kenya try because of increased imports.
)RRGV/WGDFDQRODFUXVKLQJUH¿Qand Tanzania. He joined Spillers in
ing, processing and packaging plant
1968 and was mill manager at three 2008
in Lethbridge, Alberta, Canada.
of its U.K. mills.
"This is a very important deciAustralia's wheat export monopoly, sion for JRI and for the Richardson
:HVW *HUPDQ ÀRXU PLOOHUV SODQ WR also known as the single desk, came family," said Hartley T. Richardson,
FXW XQSUR¿WDEOH RYHUFDSDFLW\ HV- to an end after 60 years on June 23. JRI chairman and president as well
timated at 2.5 million tonnes per Australia's entity for managing the as CEO of JRI's parent company,
year, by jointly funding partial shut- nation's monopoly on bulk grain James Richardson & Sons, Limited.
downs of more than 400 mills na- export, AWB Limited, lost the mo- ³,WLQFUHDVHVDQGGLYHUVL¿HVRXUSUHVtionally, the federation of West Ger- nopoly due to a controversy involv- ence in the agri-food industry on
man commercial mills announced LQJ¿YHFRQWUDFWVEHWZHHQWKHZKHDW a global basis and ensures that our
exporter and the Iraqi Grain Board food processing business will conThe association, which represents operating under the Saddam Hussein tinue to grow."
www.World-Grain.com / World Grain / July 2018