Milling & Baking News - August 1, 2017 - 8

Late News X

WEEK OF AUGUST 1

Continued from Page 1

period a year ago. Revenues
increased 1% to $218.5 million
from $216.3 million.

Hostess chief operating
officer resigns

FALL HARVEST APPROACHES
With Central states producers
harvesting remaining fields of
the 2017 soft red winter wheat
crop, the market's attention was
shifting to the approaching fall
crop harvest. But even before
the corn and soybean harvests
are completed, growers will
be deciding how many acres
they'll plant to winter wheat for
harvest next year.

Last fall, growers planted
the second fewest acres
to winter wheat since
1909. Millers and bakers
need more production.

8 / August 1, 2017 XMilling & Baking News

KANSAS CITY - Stuart A. Wilcox, senior vice-president and
chief operating officer of Hostess Brands, Inc. since October
2015, is resigning from the company, effective Aug. 11. Prior to
joining Hostess, he was senior
vice-president of operations at
Goldenstate Foods. Earlier, he
was senior vice-president of operations for The Original Cakerie, senior vice-president of
operations for Chiquita/Fresh
Express, director of operations
for Kens Foods, and director
of operational excellence for
ConAgra Foods. Hostess said it
has initiated a search for a head
of operations and supply chain
to replace Mr. Wilcox.

I.G.C. cuts global
grains forecast
LONDON - The International
Grains Council (I.G.C.) on July
27 lowered its forecast for total
grains production in 2017-18
to 2,038 million tonnes, down
from 2,049 million tonnes in
June and down from 2,126 million forecast for 2016-17. Total
consumption was lowered to
2,083 million tonnes from 2,084
million tonnes. "Adverse dryness continued in a number of
countries over the past month,
and rains would likely be too
late to reverse damage in some
areas," the I.G.C. said. "Although record opening stocks
will help to cushion the fall in
output, overall availabilities are
expected to shrink by about 2%
y/y." The I.G.C. forecast world
wheat production in 2017-18 at
732 million tonnes, down 3 million tonnes from June and down
from 754 million tonnes forecast
in 2016-17. World wheat ending
stocks were forecast at 241 million tonnes, unchanged from
June but down from 244 million
tonnes in 2016-17.

New facility opening
for non-G.M.O. products
GREAT FALLS, MONT. -
Montana
Specialty
Mills,
L.L.C. on July 25 broke ground
on a new $20 million, 20-acre
processing center in Great Falls
that will feature grain processing equipment dedicated to
making non-bioengineered/
non-G.M.O. products and organic oilseeds. The facility
should be completed by the
fall of 2018. Montana Specialty
Mills chose to build the facility in the Great Falls Montana
Development Authority's AgriTech Park, which offers rail
access and proximity to the
Great Falls International Airport. Montana Specialty Mills
contracts with producers and
processes and markets oilseeds
and other grain-based products. The company operates
several storage locations, an
expeller process oilseed plant
in Great Falls, and a mustardseed and grain processing
plant in Conrad, Mont.

J.T. Rieck promoted
at Flowers Foods
THOMASVILLE, GA. - J.T.
Rieck, vice-president of investor
relations and financial analysis for Flowers Foods, Inc., has
been promoted to the additional
role of treasurer. In this role,
Mr. Rieck will oversee Flowers
Foods' banking and credit agency relations, cash management
and forecasting,
treasury policies,
capital
structure and strategic research, the
company
said.
Mr. Rieck joined
Flowers Foods as Rieck
managing director of investor relations and financial analysis in 2014 and was
promoted to vice-president of
investor relations in 2016. Prior
to joining Flowers, he was a tax
attorney in private practice and
was director of research and a
senior analyst at an investment
advisory firm. MBN
bakingbusiness.com / world-grain.com

http://www.mennel.com http://www.bakingbusiness.com http://www.world-grain.com

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