World Grain - July 2020 - 70

SUPPLIER NEWS

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AGI earnings down on impacts from COVID-19 pandemic
WINNIPEG, MANITOBA, CANADA and into the second half of the year."
- Ag Growth International (AGI) sufAGI experienced temporary production
IHUHGDGURSLQ(%,7'$IRUWKH¿UVWTXDU- suspensions in Italy, France, Brazil, India
ter ended March 31 due to production, and the United States. Engineering, design
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caused by the coronavirus (COVID-19) businesses during the suspension periods
and the impact of lower commercial sales. and all plants have resumed production.
The company posted adjusted EBITDA
AGI strengthened safety protocols at
of C$25.6 million, which compared with manufacturing and warehouse locations
&PLOOLRQLQWKHVDPHTXDUWHUD\HDU to include increased personal hygiene and
DJR6DOHVLQWKHTXDUWHULQFUHDVHG& hand washing, eliminating non-essential
PLOOLRQ RU  FRPSDUHG ZLWK WKH ¿UVW access, increased facility cleaning and
TXDUWHURIGXHWRVWURQJIDUPVDOHV sanitization, and the addition of new types
LQWKH8QLWHG6WDWHVDQGWKHDFTXLVLWLRQRI of PPE.
Milltec in India.
$*, LQVWLWXWHG FDOODKHDG QRWL¿FDWLRQ
³7KH WDLO HQG RI RXU ¿UVW TXDUWHU ZDV for loading/unloading, increased vehicle
impacted by the COVID crisis, however cleaning, a non-entry at locations and/or
Q1 results were resilient after accounting increased social distancing policy, pafor the COVID impact and the weighting perwork is now to be left in special mailof our backlog toward the second half boxes removing hand-overs, and drivers
of 2020," said Tim Close, president and are thermometer testing each morning
FKLHIH[HFXWLYHR൶FHURI$*,
for fever prior to work.
"Following temporary production
International production suspensions due
interruptions in our international loca- to COVID-19 lasted between two and four
tions and a number of short disruptions ZHHNVDQGLPSDFWHGSDUWRIWKH¿UVWTXDUWHU
in the US, all operations are currently DQGLQWRWKHVHFRQGTXDUWHU0DQXIDFWXULQJ
in production," he said. "COVID will activity resumed after the suspensions
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ter and the remainder of the year due AGI is currently manufacturing at 50% to
to production suspensions and supply 80% capacity at these locations.
chain and delivery disruptions, as well
(DUO\ LQ WKH VHFRQG TXDUWHU ZLWK DOO
as the impact COVID may have on our production facilities operating, and
customers, but backlogs and new order a backlog that is 9% over this point in
intake remain solid allowing us to miti- 2019, AGI said it expects the COVID-19
JDWH WKH LPSDFW LQ WKH VHFRQG TXDUWHU impact to be contained.
AGCO launches COVID-19 aid program
DULUTH, GEORGIA, US - The
AGCO Agriculture Foundation (AAF)
launched its COVID-19 Aid Program
with a $100,000 grant to the World
Food Program USA (WFP USA) to deliver food and critical supplies. AGCO's
donation will focus on populations in
Africa and Latin America.
"The urgency of hunger worldwide
has become even more critical with the
addition of the coronavirus, and we are
directing our global support to the World
Food Program USA in support of WFP's
&29,'UHOLHIH൵RUWV´VDLG/XFLQGD
Smith, board chairman of the AAF. "Our
funding will help monitor the impact of

the pandemic, pre-position food and
medical supplies in vulnerable communities in Africa and Latin America,
as well as lend support to newly established supply chain coordination cells
on the ground."
The AAF is matching donations up to
$100,000 made at this link: www.wfpusa.org/aaf-match. The AAF, created
by AGCO Corp. in 2018, is a private
foundation with the goal to prevent and
relieve hunger. The foundation initiates
programs that support food security,
foster sustainable agricultural development and build agricultural infrastructure in farming communities.

06/20 00722

70

July 2020 / World Grain / www.World-Grain.com


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World Grain - July 2020

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

World Grain - July 2020 - 1
World Grain - July 2020 - 1
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World Grain - July 2020 - 3
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http://digital.world-grain.com/sosland/wg/2020_08_01
http://digital.world-grain.com/sosland/wg/2020_07_01
http://digital.world-grain.com/sosland/wg/2020_06_01
http://digital.world-grain.com/sosland/wg/2020_05_01
http://digital.world-grain.com/sosland/wg/2020_04_01
http://digital.world-grain.com/sosland/wg/2020_03_01
http://digital.world-grain.com/sosland/wg/2020_02_01
http://digital.world-grain.com/sosland/wg/2020_01_01
http://digital.world-grain.com/sosland/wg/2019_12_01
http://digital.world-grain.com/sosland/wg/2019_11_01
http://digital.world-grain.com/sosland/wg/2019_10_01
http://digital.world-grain.com/sosland/wg/2019_09_01
http://digital.world-grain.com/sosland/wg/2019_08_01
http://digital.world-grain.com/sosland/wg/2019_07_01
http://digital.world-grain.com/sosland/wg/2019_06_01
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http://digital.world-grain.com/sosland/wg/2019_03_01
http://digital.world-grain.com/sosland/wg/2019_02_01
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http://digital.world-grain.com/sosland/wg/2018_12_01
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https://www.nxtbook.com/sosland/wg/2015_04_01
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http://digital.world-grain.com/sosland/wg/2015_01_01
https://www.nxtbook.com/sosland/wg/2014_12_01
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https://www.nxtbook.com/sosland/wg/2013_12_01
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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
http://digital.world-grain.com/sosland/wg/2008_10_01
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