World Grain - February 2013 - 16

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Deyu forms grain storage, procurement subsidiary

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BEIJING, CHINA — Deyu Agriculture Corp., a Shanxi Province, Chinabased vertically integrated producer, processor, marketer and distributor
of organic and other agricultural products made from corn and grains,
announced on Jan. 14 that the company formed a 99% owned subsidiary,
Jilin Jinglong Agriculture Development Limited, which is primarily engaged in the procurement, storage and sales of corn and grain.
In October 2012, Jinglong was incorporated in Jilin Province with
registered capital of approximately $3.2 million. That region contains
some of China’s top crop producing areas. According to the China’s
National Bureau of Statistics, in 2011, crop production from this
region collectively reached approximately 107.8 billion kilograms,
which was approximately 18.9% of China’s total crop production.
Regions in Northeast China are especially rich in the production
of corn, rice and various types of grains, including soybeans, kidney
beans and sunﬂower seeds. The area as a whole is situated around
the same latitude as the U.S. and Ukraine corn belts, which are collectively known as the world’s three “Golden Corn Belts.”
“Setting up Jinglong is a major step for us in further developing
our agriculture production chain,” said Jianming Hao, chief executive ofﬁcer of Deyu. “With its strategic location in Jilin Province, we
expect that Jinglong will play a pivotal role in extending our business coverage to the whole Northeast Region of China. Furthermore,
by establishing a more complete value chain from the farm to the
market, we are looking to strengthen our commitment to providing
organic and green products, as we anticipate that Jilin will help us
better ensure quality and efﬁciency, as well as fortify our resources
to develop a more diversiﬁed product portfolio.”

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ST. LOUIS, MISSOURI, U.S. — Bunge North America, the North
American operating arm of Bunge Limited, announced on Jan. 18
that Karl Gerrand will join Bunge as managing director, Canada.
Gerrand joins Bunge from Viterra, Inc., where he worked for eight
years, most recently as chief operating ofﬁcer of global processing operations. He was responsible for 34 manufacturing facilities with 1,200 employees around the world that crushed oilseeds and produced feed ingredients, milled wheat, durum and oats, and manufactured malt and pasta.
Prior to joining Viterra, Gerrand also served as co-founder and
president of Can-Oat Milling, Inc., a wholly-owned subsidiary of
Saskatchewan Wheat Pool.
“We are pleased to have an experienced leader like Karl join the Bunge team,” said Schroder.
“With his track record of delivering strong results, Karl is the right choice to drive Bunge’s
growth plans for our Canadian operations.”
Gerrand is active in industry associations,
having served on the board of directors and on
the executive committee of the North American
Millers Association. He has a bachelor’s degree
Gerrand
from the University of Manitoba.
Richard “Rick” A. Watson, who has served as country manager
since 2008, will retire effective March 31.
“During his 38-year career, Rick has helped Canada’s oilseed industry
grow from a small domestic business to a global powerhouse,” said Soren
Schroder, president and chief executive ofﬁcer, Bunge North America.
“We appreciate the many contributions Rick made as he helped expand
Bunge’s business in Canada, and we wish him all the best in retirement.”
February 2013 / World Grain / www.World-Grain.com

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World Grain - February 2013

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