World Grain - May 2013 - 19

A ﬂour art museum story | No. 3

newsreview
Deyu appoints new CEO, president
BEIJING, CHINA — Deyu Agriculture
Corp., Shanxi Province, China, announced
that effective April 15, Jianming Hao resigned as chief executive ofﬁcer (CEO) of the
company, and Greg Chen, former company
president, was appointed as the new CEO.
Jan Poulsen resigned as a director of the
company and was appointed as president.
“We thank Jianming for his contribution
to Deyu. He worked hard to lead the company through challenging periods. His vision
and leadership have provided Deyu with the
foundation for its future growth,” said Executive Director Hong Wang on behalf of
Deyu’s board.
“Jianming will remain on the company’s
board and serve as chairman where he will
stay closely involved through the transition
to impart his knowledge and experiences in

the industry,” Wang said. “Greg previously
served as our president, and has over 15 years
of international business strategy, development and management experience in various
industries. The board has complete conﬁdence that Greg is the right person to be our
next CEO. With the upcoming industrial and
market opportunities and challenges, Greg
will lead the enhanced management team to
achieve more sustainable competitiveness on
multiple strategic and operational fronts for
the company.
“We are also excited that our management team has added Jan as president. Jan’s
20-plus years of international management
experiences, operational proﬁciencies and
skills within strategy and business development in the food and beverage industries will
be very instrumental to our future growth.”

POET resumes production at Missouri ethanol plant
MACON, MISSOURI, U.S. — POET Bioreﬁning–Macon has resumed ethanol and
Dakota Gold distillers’ grain production and
has now added Voilà corn oil to its product
mix, POET said on April 23.
The 45-million-gallon-per-year ethanol
plant suspended operations on Feb. 1 due
primarily to a lack of available corn from
last year’s drought. During the down time,
the plant began work on approximately $14
million in upgrades.
While construction continues in
some areas, work is now complete on
projects including:
• Voilà corn oil technology, which provides an additional product for new revenue.
• A new, more efﬁcient evaporator.

• A new administration building and
scale house.
• A new control system.
“Macon has always been a very successful
plant in the POET network, and it’s great to
have it back in operation,” POET Chief Executive Ofﬁcer Jeff Lautt said. “Adding these
upgrades will position it well for the future.”
Work continues on installation of full BPX
technology — POET’s patented “no-cook” process that signiﬁcantly reduces heat/energy use.
Board President John Eggleston said improvements are a key ingredient to success.
“The biofuels industry is always evolving,
and this plant has evolved along with it,” he
said. “It’s been 13 years since we opened,
and this is still a state-of-the-art facility.”

China conditionally approves Marubeni/Gavilon deal
BEIJING, CHINA — Chinese regulators
on April 23 gave conditional approval to
Marubeni Corp’s purchase of Gavilon, Reuters reported.
The agreement was ﬁrst announced on May
29, 2012, and was expected to close in September of that year, but has been repeatedly
delayed as China ofﬁcials review the details.
On its website, the Anti-Monopoly Bureau
within the Ministry of Commerce said that
the merger may “eliminate or limit competition in China’s soybean importing market.”
Because of this, the ministry said Gavilon
and Marubeni will have to maintain separate, independent trading units when selling
soybeans to China, with strict ﬁrewalls to
www.World-Grain.com / World Grain / May 2013

prevent exchange of market information.
American Soybean Association President
Danny Murphy told Reuters that the conditions were surprising since it’s unlikely the
companies would be able to control supplies
or ﬁx prices in such a large market.
“By staying at arm’s length, it takes away
some of the beneﬁts for Gavilon and Marubeni,” he said about the conditions. “You’ll
lose efﬁciency and probably increase costs
for the companies they supply for.”
Marubeni’s $5.6 billion acquisition of
Gavilon, an amount that includes the assumption of around $2 billion of debt, propels Japan’s ﬁfth-largest trading house into
the top standings of global merchants.

Finale in the mill
“Thank God! There’ll be no more evildoing!” After seven nasty pranks, the
world-famous young tricksters Max
and Moritz meet their end in a mill.
Author Wilhelm Busch set the ﬁnal
scene of his story there because of
his youthful friendship with a miller’s
son, Erich Bachmann, whose home offered a wealth of inspiration for Busch.
Thoroughly conversant with milling
processes, in his most famous illustrated story he has his two mischievous
characters end up getting ground into
coarse ﬂour. The stories with Widow
Bolte, Tailor Böck, Teacher Lämpel,
Uncle Fritz, Master Baker, Farmer Mecke
and Master Miller were a huge success
in Busch’s lifetime, and were translated into ten languages soon after they
were ﬁrst published. Today Max and
Moritz is one of the best-known works
of German children’s literature, and
has been translated into more than
280 languages.
www.ﬂour-art-museum.de
www.muehlenchemie.de
For more information, see Page 130.

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World Grain - May 2013

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