World Grain - August 2019 - 73

WORLD GRAIN ARCHIVE

1989
Cargill Inc. has announced that it
will build its 15th86ÀRXUPLOOLQ
6WRFNWRQ &DOLIRUQLD 86 :KHQ
completed in early 1991, the plant
will have the capacity to produce
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produced in bulk and bag.
The mill will be the second CarJLOOXQLWLQ&DOLIRUQLDDQGZLOODOlow the company to compete in
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United States.
The Grain and Feed Trade Association (GAFTA) is proceeding with
plans to merge with the United
Kingdom Agricultural Supply Trade
Association (UKASTA) to provide services to domestic agribusiQHVV ZKLOH PDLQWDLQLQJ *$)7$¶V
role in the international grain and
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said the international division would
have a separate governing council
and would continue its work in international contracts and policy as
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1999
$IWHU  \HDUV RI JRYHUQPHQW FRQtrol, the Australian Wheat Board
RQ -XO\  EHFDPH D IXOO\ SULYDtized company. The company, now
known as AWB Ltd., markets grain
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growers to more than 50 countries
and more than 100 export customers.
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agriculture and growers."
+H VDLG WKH $:%¶V JUDLQ PDUketing operation will have three
distinct income streams: single

GHVN SRRO PDQDJHPHQW ¿QDQFLDO chain manager Noble Group, anservices to growers; and other non- nounced on July 7 that it has signed
pooling commercial activities.
a $40 million loan agreement with
the International Finance Corpora1HDUO\HLJKWPRQWKVDIWHUDQQRXQF- WLRQ WR ¿QDQFH WKH FRQVWUXFWLRQ RI
ing plans to buy the worldwide a soybean crushing plant at its port
commodity marketing business terminal in Timbues, Santa Fe ProvRI &RQWLQHQWDO *UDLQ &R &DUJLOO ince, Argentina.
Inc. in June completed its acquisi7KH 3RUW RI 7LPEXHV LV ORFDWHG
WLRQ RI &RQWLQHQWDO¶V JUDLQ EXVL- LQ RQH RI$UJHQWLQD¶V OHDGLQJ DJULQHVV 7KH 86 'HSDUWPHQW RI -XV- cultural regions. The plant is set to
tice approved the transaction with KDQGOH D IXUWKHU  WRQQHV RI
some stipulations.
dry storage capacity in addition to
&DUJLOO¶V SURSRVHG GHDO DQ- the existing 270,000 tonnes. Upon
nounced last November and esti- FRPSOHWLRQ RI WKH SURMHFW WKH WRPDWHG DW DERXW  PLOOLRQ GUHZ tal dry storage capacity will reach
criticism about the growing concen- 570,000 tonnes.
tration in U.S. agribusiness.
The acquisition will not include The Andersons, Inc. announced on
VHYHQ RI &RQWLQHQWDO¶V JUDLQ ID- -XQH  WKDW 'DQLHO 7 $QGHUVRQ
cilities. Cargill also agreed to di- was named president, Retail Group,
YHVW JUDLQ KDQGOLQJ IDFLOLWLHV LQ and vice-president, Corporate Op'XEXTXH ,RZD 86 0RUULV ,OOLerations Services.
nois, U.S.; and Seattle, Washington,
In his new role,
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Anderson will overLWVGDLO\ORDGLQJFDSDFLW\DW+DYDQD
see the retail operaIllinois, U.S., available to third partions as well as corWLHVWR EH XVHG IRU GHOLYHU\DJDLQVW
porate engineering,
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VDIHW\ VRXUFLQJ DQG
procurement, conAnderson
6SHFXODWLRQ LQ 8. ¿QDQFLDO FLU- WLQXRXV LPSURYHPHQW DQG IDFLOLW\
cles is continuing over the direc- VHUYLFHV$Q HPSOR\HH RI 7KH$Qtion to be taken by Tomkins PLC dersons since 1979, Anderson has
LQ WKH ³GHPHUJHU´ RI LWV (XURSHDQ served as president, Retail Group,
IRRG EXVLQHVVHV ZKLFK LQFOXGHV VLQFH'XULQJKLVWLPHZLWKWKH
5DQN+RYLVWKHODUJHVWÀRXUPLOOHU company he has served in a variety
in the United Kingdom, and British RIUHWDLODQGRSHUDWLRQVSRVLWLRQV
%DNHULHVRQHRIWKH8.¶VODUJHVW
bread bakers.
AWB Ltd. announced on July 21
Tomkins said in June it expected that it will wind down its Brazilian
WRHLWKHUVHOORUVSLQRIIWKHEXVLQHVV business. The company said it exLQWKHHDUO\SDUWRI0RVWRE- pects AWB Brazil to report a pre-tax
servers believed that the demerger RSHUDWLQJ ORVV RI $ PLOOLRQ WR
ZRXOGLQYROYHDÀRDWDWLRQRIVKDUHV $PLOOLRQIRU¿VFDO+RZLQWKHIRRGEXVLQHVVRQWKH/RQGRQ HYHU $:%¶V RWKHU EXVLQHVVHV DUH
stock market.
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Analysts suggested that the de- tax between $90 million to $100
PHUJHG 7RPNLQV IRRG EXVLQHVV PLOOLRQEHIRUHDGGLQJLQVLJQL¿FDQW
ZRXOG EH YDOXHG DW DERXW ǧ ELO- items, according to the company.
OLRQELOOLRQLQDVSLQRII
AWB said its Commodity Management division will consolidate
2009
WKH PDQDJHPHQW RI WKH EXVLQHVV
into two hubs, AWB Geneva and
Noble Argentina SA, a wholly AWB Australia, which will oversee
RZQHG VXEVLGLDU\ RI JOREDO VXSSO\ all commercial activity.

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