World Grain - February 2020 - 84

THE ENCLOSED
BELT CONVEYOR
ANOTHER SWEET® SOLUTION

Made in USA

Our quality solutions move
materials that feed the world and
build the world's infrastructure.

Designed for high-capacity Industrial and
Agricultural commercial facilities
Minimizes dust emissions for increased safety

84

Website: www.sweetmfg.com
E-mail: sales@sweetmfg.com
Telephone: +1 937-325-1511

SUPPLIER NEWS

AGI holds steady despite headwinds
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company performed well in the three and nine months ended Sept. 30, 2019.
AGI reported a diluted per share loss of C15 cents for
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Results were impacted by the addition of 1.9 million
common shares in the fourth quarter of 2018, the proceeds
of which contributed to funding the acquisition of Milltec
in March.
"Due to the timing of the acquisition, the net earnings
of AGI for the nine months ended Sept. 30, 2019, includes
only two seasonally low quarters of Milltec," AGI said.
Trade sales in the third quarter of 2019 increased over
the prior year due to higher sales of portable grain handling
and drying equipment, sales growth in Brazil and a strong
performance from AGI's recent acquisition in India. Sales
growth in the quarter was tempered by challenging Farm
conditions in both Canada and the United States, as well
as by global economic uncertainties and their impact on
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AGI's Commercial business has a global footprint and its
demand drivers include global commodity production and
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In the United States, Commercial Grain handling activity
is stable but for the last number of years has been restrained
by depressed agricultural markets and international trade
disputes. Nevertheless, AGI's sales order backlog in the
United States is higher than the prior year due to progress
in the fertilizer and food categories, AGI said.
In Canada, the Commercial market remains active due
to continued investment in grain infrastructure, including
in port facilities and inland terminals. However, compared
to the prior year, the Canadian Commercial backlog has
decreased due to the impact of deliveries made on large
Canadian grain projects in the third quarter of 2019 and
because the 2018 comparative included a large fertilizer project.
International sales in 2019 have been negatively impacted
by global economic uncertainties, including trade disputes.
Nonetheless, consistent with commentary from recent
quarters, AGI's sales order backlog is tracking to levels
similar to the prior year and it continues to add to its 2020
order book. Sales in Brazil continue to gain momentum due
to increasing brand and product awareness and improving
economic conditions in the country. In India, precipitation
amounts from the 2019 monsoon now approximate historical averages, and management anticipates seasonally
strong sales in the fourth quarter of 2019. Overall, management anticipates Commercial sales in the fourth quarter of
2019 to approximate the prior year.
February 2020 / World Grain / www.World-Grain.com


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World Grain - February 2020

Table of Contents for the Digital Edition of World Grain - February 2020

World Grain - February 2020
Contents
From the Editor - Narrowing the gender gap in agribusiness
Calendar of Events
IAOM plans annual conference and expo in Portland, Oregon, U.S.
News Review
Grain Market Review - Rice
Country Focus - Focus on Saudi Arabia
Technical Profile - Flatbread: A favorite in Saudi Arabia
Feature - Growing women's role in agribusiness
Feed Quarterly
GEAPS: Event is March 21-24 at the Minneapolis Convention Center
GEAPS Product Showcase
Supplier News
Archive
Ad index
World Grain - February 2020 - World Grain - February 2020
World Grain - February 2020 - World Grain - February 2020
World Grain - February 2020 - 2
World Grain - February 2020 - 3
World Grain - February 2020 - 4
World Grain - February 2020 - Contents
World Grain - February 2020 - From the Editor - Narrowing the gender gap in agribusiness
World Grain - February 2020 - 7
World Grain - February 2020 - IAOM plans annual conference and expo in Portland, Oregon, U.S.
World Grain - February 2020 - 9
World Grain - February 2020 - News Review
World Grain - February 2020 - 11
World Grain - February 2020 - 12
World Grain - February 2020 - 13
World Grain - February 2020 - 14
World Grain - February 2020 - 15
World Grain - February 2020 - Grain Market Review - Rice
World Grain - February 2020 - 17
World Grain - February 2020 - Country Focus - Focus on Saudi Arabia
World Grain - February 2020 - 19
World Grain - February 2020 - 20
World Grain - February 2020 - 21
World Grain - February 2020 - Technical Profile - Flatbread: A favorite in Saudi Arabia
World Grain - February 2020 - 23
World Grain - February 2020 - 24
World Grain - February 2020 - 25
World Grain - February 2020 - Feature - Growing women's role in agribusiness
World Grain - February 2020 - 27
World Grain - February 2020 - 28
World Grain - February 2020 - 29
World Grain - February 2020 - 30
World Grain - February 2020 - 31
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World Grain - February 2020 - 47
World Grain - February 2020 - Feed Quarterly
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World Grain - February 2020 - 69
World Grain - February 2020 - GEAPS: Event is March 21-24 at the Minneapolis Convention Center
World Grain - February 2020 - 71
World Grain - February 2020 - GEAPS Product Showcase
World Grain - February 2020 - 73
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World Grain - February 2020 - 75
World Grain - February 2020 - 76
World Grain - February 2020 - 77
World Grain - February 2020 - 78
World Grain - February 2020 - 79
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World Grain - February 2020 - 81
World Grain - February 2020 - Supplier News
World Grain - February 2020 - 83
World Grain - February 2020 - 84
World Grain - February 2020 - 85
World Grain - February 2020 - 86
World Grain - February 2020 - 87
World Grain - February 2020 - 88
World Grain - February 2020 - Archive
World Grain - February 2020 - Ad index
World Grain - February 2020 - 91
World Grain - February 2020 - 92
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