World Grain - October 2015 - 100
SUPPLIER NEWS
Acquisition, strong sales highlight AGI's second quarter
WINNIPEG, MANITOBA, CANADA - Ag Growth International
(AGI) reported on Aug. 14 that earnings for the second quarter were
C$8,173,000 (C$6,250,000) or C58¢, down 4% from C$13,638,000
or C99¢ per share in the same quarter last year.
"By far, the highlight of the quarter was the closing of the Westeel
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of AGI.
On May 20, AGI completed its acquisition of the Westeel division
of Vicwest Inc., and for the period May 20 to June 30, Westeel sales
and adjusted EBITDA included in AGI's consolidated results were
C$18,097,000 and C$2,313,000, respectively, the company said. Integration of the Westeel business is ahead of expectations and is well
advanced in all aspects of the operation including production, coordination of North American and international sales efforts, centralization of the marketing function, information technology transfer
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Sales in Canada were negatively impacted by poor crop conditions that resulted from a lack of moisture in most key crop growing
regions. Demand for portable grain handling equipment, aeration
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all AGI brands including Westeel.
The impact of poor growing conditions is expected to affect demand in the second half of 2015.
The geographic sales mix of Westeel is weighted toward western
Canada and, accordingly, AGI's exposure to the region increased
subsequent to the acquisition. Crop conditions in the U.S. are variable but generally favorable. However, farmer sentiment and cash
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buying behavior. As a result, sales of on-farm handling equipment
decreased compared to 2014.
Commercial equipment sales in the second quarter increased compared to 2014, primarily in the processing sector. For the six-month
period ended June 30, commercial sales decreased compared to the
SULRU\HDUDVDZHDN¿UVWTXDUWHUWKHUHVXOWRIDUHWXUQWRPRUHWUDditional seasonality and a somewhat softer domestic market to begin
the year, more than offset gains made in the second quarter.
AGI's international sales for the three- and six-month periods
ended June 30 increased 65% and 55%, respectively. Strong international sales were the result of continued momentum in Latin America
and a high level of activity in RUK (Russia/Ukraine/Kazakhstan). In
Latin America, large projects in Peru and Bolivia contributed to an
increase in sales in the six months ended June 30 from C$6.2 million
in 2014 to C$11.3 million in 2015. In RUK, sales increased from
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current year, largely due to business in Ukraine with multinational
grain traders.
Ugur marks 60 years in business
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EXVLQHVVWKLV\HDU7KHFRPSDQ\SURYLGHVÀRXUVHPROLQDIHHGULFH
VHHGDQGVDOWSURFHVVLQJIDFLOLWLHVSDVWDOLQHVVXJDUUH¿QHU\SURMects, steel buildings, and steel silos.
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friendly machines at several conferences and trade shows this year
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the U.S.; IPACK-IMA in Italy; Sipal Fair in Senegal; and VICTAM
in Germany. Machines on display included the Clenmax- Pro 2,
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and Sorter, DV-Finisher, Giantsifter, and Gronomac.
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Dubai this year. The company said it is increasing the capacity of
production every year.
Ugur Makine, which is celebrating its 60th year in business this year, has
displayed its equipment at several trade shows. Photo courtesy of Ugur.
Mathews Company receives grant to redesign grain dryer
CRYSTAL LAKE, ILLINOIS, U.S. - Mathews Company (M-C),
a global manufacturer of grain dryers, was awarded a product development grant for the redesign of its Legacy Series grain dryer by
the Propane Education & Research Council (PERC), the company
announced on Aug. 25.
The council supports research and development of innovative,
propane-powered technology that reduces emissions and saves
money for end-users. The M-C project encompasses a complete
redesign of the Legacy Series profile-style dryer.
According to Company President Joseph Shulfer, the initial commercialization of this product took place more than
30 years ago.
"The Legacy Series product line has always been a reliable
100
workhorse for the company, with very minimal updates over the
years. However, the product is in need of a revamp to better align
its features and operation with the technological advancements
available today," said Shulfer.
The proposed solution is to take the experience and knowledge
that Mathews Company has acquired over the past five years,
redesigning two of its other products and apply those principles
to this project, the company said.
"The end result will be a product that offers producers and
commercial grain facility operators something that does not exist at this time: a profile-style dryer, but with the advantages,
features and overall operational efficiencies associated with a
tower-style dryer," said Shulfer.
October 2015 / World Grain / www.World-Grain.com
http://www.World-Grain.com
World Grain - October 2015
Table of Contents for the Digital Edition of World Grain - October 2015
World Grain - October 2015
Table of Contents
From the Editor-in-chief - Precision agriculture versus GMO’s
Calendar of Events
Registration opens for IPPE, Jan. 26-28, 2016
News Review - Louis Dreyfus hires new CEO, ending 17-month search
Ardent Mills finalizes deal to acquire Mondelez facility
Glencore considers selling stake in agricultural unit
Former Cargill executive to lead The Andersons
Flour milling specialist joins KSU faculty
Viterra to acquire oilseed processor
Nisshin plans major expansion of Canadian flour mill
Bunge to acquire Brazilian wheat miller
Cargill executive returns as member of Leadership Team
Woodchip company closer to exporting grain with ACCC decision
Australia plans to standardize, upgrade freight network
The Andersons completes grain facility updates
Mitsubishi to buy 20% share of Olam
Cargill to double capacity at soybean crush facility in Egypt
Grain Market Review - Rice
Country Focus - Indonesia
Feature - Ardent Mills coming into its own
Feature - More than a large number of mills
Feature - Face of Canada’s grain industry changing
The geography of demographic changes in Canadian agriculture
Feature - 'We're in dire straits'
Dr. Stephen Blank profile
Feature - Ship loading/unloading projects flourish
Port News Roundup
Feature - Australia seeks FTA's with Asia
Feature - Grain Market Roundtable
Milling Operations - Whole wheat flour milling, storage challenges
Feature - Global flour trade holding steady
IGC: Industrial use of grains forecast higher in 2015-16
Feature - Protecting the lifeblood of your operation
Technical Profile - Staying in control of mycotoxins
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program
World Grain - October 2015 - World Grain - October 2015
World Grain - October 2015 - 2
World Grain - October 2015 - 3
World Grain - October 2015 - 4
World Grain - October 2015 - Table of Contents
World Grain - October 2015 - 6
World Grain - October 2015 - 7
World Grain - October 2015 - From the Editor-in-chief - Precision agriculture versus GMO’s
World Grain - October 2015 - 9
World Grain - October 2015 - Registration opens for IPPE, Jan. 26-28, 2016
World Grain - October 2015 - 11
World Grain - October 2015 - Ardent Mills finalizes deal to acquire Mondelez facility
World Grain - October 2015 - Glencore considers selling stake in agricultural unit
World Grain - October 2015 - Flour milling specialist joins KSU faculty
World Grain - October 2015 - Nisshin plans major expansion of Canadian flour mill
World Grain - October 2015 - Woodchip company closer to exporting grain with ACCC decision
World Grain - October 2015 - The Andersons completes grain facility updates
World Grain - October 2015 - Mitsubishi to buy 20% share of Olam
World Grain - October 2015 - Cargill to double capacity at soybean crush facility in Egypt
World Grain - October 2015 - Grain Market Review - Rice
World Grain - October 2015 - 21
World Grain - October 2015 - Country Focus - Indonesia
World Grain - October 2015 - 23
World Grain - October 2015 - 24
World Grain - October 2015 - 25
World Grain - October 2015 - Feature - Ardent Mills coming into its own
World Grain - October 2015 - 27
World Grain - October 2015 - 28
World Grain - October 2015 - 29
World Grain - October 2015 - 30
World Grain - October 2015 - 31
World Grain - October 2015 - 32
World Grain - October 2015 - 33
World Grain - October 2015 - Feature - More than a large number of mills
World Grain - October 2015 - 35
World Grain - October 2015 - 36
World Grain - October 2015 - 37
World Grain - October 2015 - Feature - Face of Canada’s grain industry changing
World Grain - October 2015 - 39
World Grain - October 2015 - 40
World Grain - October 2015 - 41
World Grain - October 2015 - The geography of demographic changes in Canadian agriculture
World Grain - October 2015 - 43
World Grain - October 2015 - 44
World Grain - October 2015 - 45
World Grain - October 2015 - Feature - 'We're in dire straits'
World Grain - October 2015 - 47
World Grain - October 2015 - Dr. Stephen Blank profile
World Grain - October 2015 - 49
World Grain - October 2015 - Feature - Ship loading/unloading projects flourish
World Grain - October 2015 - 51
World Grain - October 2015 - 52
World Grain - October 2015 - 53
World Grain - October 2015 - 54
World Grain - October 2015 - 55
World Grain - October 2015 - 56
World Grain - October 2015 - 57
World Grain - October 2015 - 58
World Grain - October 2015 - 59
World Grain - October 2015 - Port News Roundup
World Grain - October 2015 - 61
World Grain - October 2015 - 62
World Grain - October 2015 - 63
World Grain - October 2015 - Feature - Australia seeks FTA's with Asia
World Grain - October 2015 - 65
World Grain - October 2015 - 66
World Grain - October 2015 - 67
World Grain - October 2015 - 68
World Grain - October 2015 - 69
World Grain - October 2015 - Feature - Grain Market Roundtable
World Grain - October 2015 - 71
World Grain - October 2015 - 72
World Grain - October 2015 - 73
World Grain - October 2015 - 74
World Grain - October 2015 - 75
World Grain - October 2015 - 76
World Grain - October 2015 - 77
World Grain - October 2015 - Milling Operations - Whole wheat flour milling, storage challenges
World Grain - October 2015 - 79
World Grain - October 2015 - 80
World Grain - October 2015 - 81
World Grain - October 2015 - 82
World Grain - October 2015 - 83
World Grain - October 2015 - Feature - Global flour trade holding steady
World Grain - October 2015 - 85
World Grain - October 2015 - IGC: Industrial use of grains forecast higher in 2015-16
World Grain - October 2015 - 87
World Grain - October 2015 - Feature - Protecting the lifeblood of your operation
World Grain - October 2015 - 89
World Grain - October 2015 - 90
World Grain - October 2015 - 91
World Grain - October 2015 - Technical Profile - Staying in control of mycotoxins
World Grain - October 2015 - 93
World Grain - October 2015 - 94
World Grain - October 2015 - 95
World Grain - October 2015 - Supplier News
World Grain - October 2015 - 97
World Grain - October 2015 - 98
World Grain - October 2015 - 99
World Grain - October 2015 - 100
World Grain - October 2015 - 101
World Grain - October 2015 - Product Showcase
World Grain - October 2015 - 103
World Grain - October 2015 - 104
World Grain - October 2015 - World Grain Archive
World Grain - October 2015 - Ad Index/Reader Information Form International Faxback Program
World Grain - October 2015 - 107
World Grain - October 2015 - 108
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http://digital.world-grain.com/sosland/wg/2009_03_01
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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
http://digital.world-grain.com/sosland/wg/2008_09_01
http://digital.world-grain.com/sosland/wg/2008_08_01
http://digital.world-grain.com/sosland/wg/2008_07_01
http://digital.world-grain.com/sosland/wg/2008_06_01
http://digital.world-grain.com/sosland/wg/2008_05_01
http://digital.world-grain.com/sosland/wg/2008_04_01
http://digital.world-grain.com/sosland/wg/2008_03_01
http://digital.world-grain.com/sosland/wg/2008_02_01
http://digital.world-grain.com/sosland/wg/2008_01_01
http://digital.world-grain.com/sosland/wg/2007_12_01
http://digital.world-grain.com/sosland/wg/2007_11_01
http://digital.world-grain.com/sosland/wg/2007_10_01
http://digital.world-grain.com/sosland/wg/2007_09_01
http://digital.world-grain.com/sosland/wg/2007_08_01
http://digital.world-grain.com/sosland/wg/2007_07_01
http://digital.world-grain.com/sosland/wg/2007_06_01
http://digital.world-grain.com/sosland/wg/2007_05_01
http://digital.world-grain.com/sosland/wg/2007_04_01
http://digital.world-grain.com/sosland/wg/2007_03_01
http://digital.world-grain.com/sosland/wg/2007_02_01
http://digital.world-grain.com/sosland/wg/2007_01_01
http://digital.world-grain.com/sosland/wg/2006_12_01
http://digital.world-grain.com/sosland/wg/2006_11_01
http://digital.world-grain.com/sosland/wg/2006_10_01
http://digital.world-grain.com/sosland/wg/2006_09_01
http://digital.world-grain.com/sosland/wg/2006_08_01
http://digital.world-grain.com/sosland/wg/2006_07_01
http://digital.world-grain.com/sosland/wg/2006_06_01
http://digital.world-grain.com/sosland/wg/2006_05_01
http://digital.world-grain.com/sosland/wg/2006_04_01
http://digital.world-grain.com/sosland/wg/2006_03_01
http://digital.world-grain.com/sosland/wg/2006_02_01
http://digital.world-grain.com/sosland/wg/2006_01_01
http://digital.world-grain.com/sosland/wg/2005_12_01
http://digital.world-grain.com/sosland/wg/2005_11_01
http://digital.world-grain.com/sosland/wg/2005_10_01
http://digital.world-grain.com/sosland/wg/2005_09_01
http://digital.world-grain.com/sosland/wg/2005_08_01
http://digital.world-grain.com/sosland/wg/2005_07_01
http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
https://www.nxtbookmedia.com