World Grain -- December 2013 - 19

newsreview
MGPI to build momentum through current strategy
ATCHISON, KANSAS, U.S. - It appears
the feud between members of MGP Ingredients, Inc.'s (MGPI) founding family and other members of the company's board of directors and chief executive officer Tim Newkirk
may be over after a special committee of
MGPI's board of directors concluded its review of the company's strategic alternatives.
The committee determined that the best
approach at this time to enhance long-term
shareholder value is to continue execution
of the company's strategic plan to reposition
the business for profitable growth.
"After a thorough review, it became clear
that the best path to create value for shareholders was to build momentum with MGP's
current strategy," said John Speirs, chairman
of MGPI. "We will strive toward stronger
cash flows from our bulk industrial alcohol
business, while increasing the percentage of
sales derived from higher margin premium
spirits and specialty food ingredients."
Karen Seaberg, granddaughter of Cloud
L. Cray Sr., who founded MGPI in 1941,
said the decision to stay with the current
business strategy settled the main point of
contention between the disagreeing parties.
"This was the crux of the entire proxy
battle," Seaberg said.
MGPI cut its May 23 annual meeting
short after two members of the board, Seaberg and Cloud Cray Jr., refused to attend
the meeting, citing a "growing concern with
the lack of profitable growth, deterioration
in the corporate culture, efforts to sell cer-

tain parts of the company's business, efforts
to amend the bylaws that would limit accountability to shareholders and increase
the power of the chief executive officer
(CEO), and the level of compensation paid
to the chairman of the board of directors
and the CEO of the company."
The company then initiated a review of

TRUCK

P O
R BE
S
™

Thailand suffers significant
loss due to rice subsidy
BANGKOK, THAILAND - Thailand's
Deputy Prime Minister/Commerce Minister
Niwatthamrong Boonsongpaisan announced
in early November that Thailand has lost
Bt260 billion ($8.11 billion) from the government's rice pledging scheme over the last two
years. (For more information on Thailand's
rice scheme, see page 92 of the November
2013 issue of World Grain).
He said the government has sped up releasing rice from state stockpiles so as to pay
debts to the Bank of Agriculture and Agricultural Cooperatives (BAAC), which has
granted loans for the scheme.
The BAAC should be paid Bt200 billion by
the end of the year despite declining rice prices in the global market, he said, adding that
rice would be gradually exported to China
from December 2013 until December 2014.
www.World-Grain.com / World Grain / December 2013

strategic alternatives that it said would allow
the company "to explore options that may
accelerate the realization of value for the
benefit of its stockholders."
"While alternatives are reviewed, the
company remains focused on executing on
its operational plan to realize the long-term
value of its assets," MGPI said.

■
■
■

Engineering
Support
Accessories

GAMET MANUFACTURING
698 Prior Ave. N. St. Paul, MN USA 55104

Toll Free 888-647-5475
gametmfg.com

The Closer You Look...The Better We Look!
For more information, see Page 102.

19


http://www.gametmfg.com http://www.World-Grain.com

World Grain -- December 2013

Table of Contents for the Digital Edition of World Grain -- December 2013

World Grain -- December 2013
Table of Contents
From the Editor-in-Chief - Dynamic global milling in new data
Calendar of Events
Inaugural Oilseed Congress Europe
News Review - ADM’s GrainCorp acquisition rejected; CEO resigns
Weather woes hurt GrainCorp’s 2013 results
Viterra investing in grain handling network
CWB to purchase Mission Terminal
ADM to build third feed plant in China
Walter Klein, longtime head of Bunge Corp., dies
Schroder: Mexican mill acquisition fits Bunge’s portfolio
David Blumberg to lead Blumberg Grain’s West Africa division
Ethanol, rail gives The Andersons a record quarter
FAO: Typhoon Haiyan hurt rice crop
MGPI to build momentum through current strategy
Thailand suffers significant loss due to rice subsidy
Deyu reports loss in third quarter
U.S. EPA proposes lower RFS target
Vietnam’s 2013 rice exports reach nearly $2.5 billion
Grain Market Review - Coarse Grains
Country Focus - Sweden
Feature - The wait is over
Feature - European feed industry challenges
Feature - IPPE plans second combined show
Feed Operations - Choosing a batch mixer
Feature - Flour output rising in developing nations
Feature - Investing in oats
Feature - Oilseed & Grain Trade Summit
Feature - IAOM MEA review
Grain Operations - Stored grain compaction factor
Technical Profile - Meeting quality parameters
Supplier News
World Grain Archive
Ad Index/Reader Information Form International Faxback Program
World Grain -- December 2013 - World Grain -- December 2013
World Grain -- December 2013 - 2
World Grain -- December 2013 - 3
World Grain -- December 2013 - 4
World Grain -- December 2013 - Table of Contents
World Grain -- December 2013 - 6
World Grain -- December 2013 - 7
World Grain -- December 2013 - From the Editor-in-Chief - Dynamic global milling in new data
World Grain -- December 2013 - 9
World Grain -- December 2013 - Inaugural Oilseed Congress Europe
World Grain -- December 2013 - 11
World Grain -- December 2013 - Weather woes hurt GrainCorp’s 2013 results
World Grain -- December 2013 - 13
World Grain -- December 2013 - CWB to purchase Mission Terminal
World Grain -- December 2013 - ADM to build third feed plant in China
World Grain -- December 2013 - Walter Klein, longtime head of Bunge Corp., dies
World Grain -- December 2013 - David Blumberg to lead Blumberg Grain’s West Africa division
World Grain -- December 2013 - FAO: Typhoon Haiyan hurt rice crop
World Grain -- December 2013 - Thailand suffers significant loss due to rice subsidy
World Grain -- December 2013 - Vietnam’s 2013 rice exports reach nearly $2.5 billion
World Grain -- December 2013 - 21
World Grain -- December 2013 - Grain Market Review - Coarse Grains
World Grain -- December 2013 - 23
World Grain -- December 2013 - Country Focus - Sweden
World Grain -- December 2013 - 25
World Grain -- December 2013 - 26
World Grain -- December 2013 - 27
World Grain -- December 2013 - 28
World Grain -- December 2013 - 29
World Grain -- December 2013 - Feature - The wait is over
World Grain -- December 2013 - 31
World Grain -- December 2013 - 32
World Grain -- December 2013 - 33
World Grain -- December 2013 - 34
World Grain -- December 2013 - 35
World Grain -- December 2013 - 36
World Grain -- December 2013 - 37
World Grain -- December 2013 - Feature - European feed industry challenges
World Grain -- December 2013 - 39
World Grain -- December 2013 - 40
World Grain -- December 2013 - 41
World Grain -- December 2013 - 42
World Grain -- December 2013 - 43
World Grain -- December 2013 - Feature - IPPE plans second combined show
World Grain -- December 2013 - 45
World Grain -- December 2013 - 46
World Grain -- December 2013 - 47
World Grain -- December 2013 - 48
World Grain -- December 2013 - 49
World Grain -- December 2013 - Feed Operations - Choosing a batch mixer
World Grain -- December 2013 - 51
World Grain -- December 2013 - 52
World Grain -- December 2013 - 53
World Grain -- December 2013 - 54
World Grain -- December 2013 - 55
World Grain -- December 2013 - 56
World Grain -- December 2013 - 57
World Grain -- December 2013 - 58
World Grain -- December 2013 - 59
World Grain -- December 2013 - Feature - Flour output rising in developing nations
World Grain -- December 2013 - 61
World Grain -- December 2013 - 62
World Grain -- December 2013 - 63
World Grain -- December 2013 - Feature - Investing in oats
World Grain -- December 2013 - 65
World Grain -- December 2013 - 66
World Grain -- December 2013 - 67
World Grain -- December 2013 - Feature - Oilseed & Grain Trade Summit
World Grain -- December 2013 - 69
World Grain -- December 2013 - 70
World Grain -- December 2013 - 71
World Grain -- December 2013 - 72
World Grain -- December 2013 - 73
World Grain -- December 2013 - Feature - IAOM MEA review
World Grain -- December 2013 - 75
World Grain -- December 2013 - 76
World Grain -- December 2013 - 77
World Grain -- December 2013 - 78
World Grain -- December 2013 - 79
World Grain -- December 2013 - 80
World Grain -- December 2013 - 81
World Grain -- December 2013 - 82
World Grain -- December 2013 - 83
World Grain -- December 2013 - Grain Operations - Stored grain compaction factor
World Grain -- December 2013 - 85
World Grain -- December 2013 - 86
World Grain -- December 2013 - 87
World Grain -- December 2013 - 88
World Grain -- December 2013 - 89
World Grain -- December 2013 - Technical Profile - Meeting quality parameters
World Grain -- December 2013 - 91
World Grain -- December 2013 - 92
World Grain -- December 2013 - 93
World Grain -- December 2013 - Supplier News
World Grain -- December 2013 - 95
World Grain -- December 2013 - 96
World Grain -- December 2013 - 97
World Grain -- December 2013 - 98
World Grain -- December 2013 - 99
World Grain -- December 2013 - 100
World Grain -- December 2013 - World Grain Archive
World Grain -- December 2013 - Ad Index/Reader Information Form International Faxback Program
World Grain -- December 2013 - 103
World Grain -- December 2013 - 104
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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