World Grain - June 2020 - 81

WORLD GRAIN ARCHIVE
ing capital levels at the time of closing. 21st Century Grain Processing
The United States and the Soviet
operates two plants in the central US
Union reached an agreement in
- an oat mill in South Sioux City,
principle on a long-term grain sales 2000
Nebraska, and a facility that mills
agreement to succeed the pact that
wheat near Amarillo, Texas.
expires at the end of 1990.
-DSDQ¶VROGHVWLQGXVWULDOÀRXUPLOO"We are pleased to have reached
7KH PDLQ HOHPHQWV RI WKH ¿YH HU1LSSRQ)ORXU0LOOV&R7RN\R this agreement with 21st Century
year agreement include higher min- has acquired a 70% stake in Pasta Grain Processing, which has estabimum purchase levels and limited Montana, LLC of the United States lished an excellent reputation in the
SXUFKDVLQJ ÀH[LELOLW\ DPRQJ FRP- for about $5 million, the company industry for providing healthy, high
modities for any single year, while announced recently.
quality, grain-based food ingredimaintaining minimum purchase
Nippon said the investment was ents," said Karl Gerrand, senior
levels of wheat and feed grains over an attempt to strengthen its pasta vice president of processing at Vithe life of the agreement. In ad- business in the United States and terra. "Its operational focus aligns
dition, the two agreed to raise the in Japan. Pasta Montana, located in well with our processing segment,
quantity that could be bought by *UHDW)DOOV0RQWDQD86VDLG1LS- creating opportunities to better
the Soviet Union in any year with- pon was already one of its largest serve our customers by optimizing
out consultation.
export customers.
our logistics and realizing produc"We would like to make the most WLRQH൶FLHQFLHV´
ConAgra Inc., in a move to broaden of the pasta-making know-how of
its ConAgra International opera- Pasta Montana," said Kenji Taka- Seaboard Overseas and Trading
tions, has named Robert H. Peyton hashi of Nippon.
Group, the grain processing, merto the newly created positions of
chandising and bulk transportation
president, ConAgra Eastern Eu- Saskatchewan Wheat Pool, which division of Seaboard Corp., Merrope, and president, ConAgra So- held a 53% ownership interest in the riam, Kansas, US, has acquired
viet Union. He will be responsible EuroPort grain terminal in Gdansk, 50% ownership interest in PS Interfor ConAgra joint ventures, acqui- Poland, has withdrawn from the national (PSI), Chapel Hill, North
sitions, projects and technological project and sold its shares to Strait Carolina, US. PSI is an exporter of
agreements or exchanges involv- Crossing Group Ltd., a partner in the value-added food products and speing Eastern Europe and the Sovi- venture and the construction com- cialty grains such as rice, pulses, edpany for the project, for $7 million.
LEOHRLOVDQGÀRXU8QGHUWKHDJUHHet Union.
The Pool's withdrawal from the ment, PSI will continue operating
Peyton will continue as executive
vice president of ConAgra Interna- $77 million Europort project was within its current trading platform.
tional, which operates basic food precipitated by the European Bank In addition to its North Carolina
processing businesses and an ex- of Reconstruction and Develop- KHDGTXDUWHUV 36, KDV D൶OLDWHG RItensive network of merchandising ment's decision to change the terms ¿FHVLQ)UDQFH0H[LFR&KLQD.Rfacilities, transportation assets and RI LWV ¿QDQFLQJ DUUDQJHPHQWV ZLWK rea, Argentina, Canada, Venezuela,
WUDGLQJR൶FHVLQFRXQWULHV
the project. The Pool, which has Haiti and Algeria.
been restructuring its operations,
Columbia Grain, Inc. has signed a let- said the decision to exit the Euro- Venezuelan President Hugo Chavez
ter of intent to lease and/or purchase port project was driven in part by a on May 13 ordered the seizure of
10 grain storage facilities in Montana new priority "to focus our asset base Molinos Nacionales CA, or Monaca, a food producer majority-owned
owned by Montana Merchandising in North America."
by Mexico's Gruma SAB. Gruma is
Inc. The transfer of assets, which
the world's largest producer of corn
was completed at the end of March, 2010
DQGÀRXUWRUWLOODV
increases Columbia Grain's licensed
The government ordered the
storage capacity by about 135,000 Viterra Inc. announced May 27 that
tonnes to 325,000 tonnes. Columbia LW KDV VLJQHG D GH¿QLWLYH DJUHH- "forceful acquisition" of Monaca's
Grain is a wholly owned subsid- ment to acquire 21st Century Grain assets to "safeguard" the country's
iary of Marubeni Corp., a Japanese Processing, a US-based processor food supply and consolidate the
trading house. It currently operates of oats, wheat and custom-coated "socialist processing capacity in the
VWRUDJHIDFLOLWLHVLQ*UHDW)DOOVDQG grains, for an all-cash purchase agriculture industry," according to a
Poplar, Montana, US. In addition, it price of $90.5 million, subject to ad- decree published in Venezuela's Ofoperates a river terminal at Central justments for debt, cash and work- ¿FLDO*D]HWWH

1990

)HUU\:DVKLQJWRQ 86 DQG DQ H[port terminal in Portland, Oregon,
US.

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World Grain - June 2020

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http://digital.world-grain.com/sosland/wg/2010_02_01
http://digital.world-grain.com/sosland/wg/2010_01_01
http://digital.world-grain.com/sosland/wg/2009_12_01
http://digital.world-grain.com/sosland/wg/2009_11_01
http://digital.world-grain.com/sosland/wg/2009_10_01
http://digital.world-grain.com/sosland/wg/2009_09_01
http://digital.world-grain.com/sosland/wg/2009_08_01
http://digital.world-grain.com/sosland/wg/2009_07_01
http://digital.world-grain.com/sosland/wg/2009_06_01
http://digital.world-grain.com/sosland/wg/2009_05_01
http://digital.world-grain.com/sosland/wg/2009_04_01
http://digital.world-grain.com/sosland/wg/2009_03_01
http://digital.world-grain.com/sosland/wg/2009_02_01
http://digital.world-grain.com/sosland/wg/2009_01_01
http://digital.world-grain.com/sosland/wg/2008_12_01
http://digital.world-grain.com/sosland/wg/2008_11_01
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