World Grain - July 2014 - 16

newsreview
Olam, Mitsubishi partner on Australian grain business
SINGAPORE - Olam International Limited announced on June 23 a partnership with Mitsubishi
Corp. of Japan (MC) in which MC will invest $64
million for an 80% equity interest in wholly owned
subsidiary, Olam Grains Australia (OGA). The enterprise valuation at 100% of OGA is $80 million,
including working capital delivered at closing.
OGA's business comprises mainly origination, trading, logistics and marketing activities
Suresh
as well as a 32.5% stake in Newcastle Agri Terminal, which commenced operations in February 2014. Olam will
continue to hold a 20% equity interest in OGA.
The Living Essentials Resources Division of MC's Living Essentials Group will take the lead for MC in the new partnership.
Olam's President and Global Head of Grains Business, KC Suresh
said, "Mitsubishi Corporation is our partner of choice in leveraging the growing Asian demand for grains and competing effectively
in the Australian grain industry. Together, we plan to invest in upcountry procurement and logistics to scale up our local presence and
further build a differentiated and competitive model in Australia."
MC said its partnership with and confidence in Olam, one of the
world's leading agribusinesses, reflects its positive view of the prospects offered by the Australian grain industry in relation to the overseas markets the company serves. MC said it views the Olam-MC
partnership as a strong foundation on which to build a profitable and
sustainable grains business in Australia.

Richardson reopens Thunder Bay terminal, doubles capacity
WINNIPEG, MANITOBA, CANADA - Richardson International
Limited has more than doubled its capacity at the Port of Thunder
Bay by reopening the Current River terminal, which was part of the
Viterra acquisition in May 2013.
The Current River terminal, which has a storage capacity of
235,000 tonnes, complements Richardson's heritage Thunder Bay
terminal. Richardson's original terminal, which the company opened
in 1919, has 208,000 tonnes of storage, bringing Richardson's total
storage capacity in the Port of Thunder Bay to 443,000 tonnes.
Last June, Richardson began cleaning and restoring the Current River terminal, which had not been in operation for the past
three years. The required work included cleaning up the facility and
grounds, commissioning the scales and re-starting the terminal's operating systems. The first rail cars were received in October and the
terminal began loading vessels in November.
"It was a team effort on the part of our terminal management and
all employees to take a mothballed facility and breathe new life into
it to enhance our operations in Thunder Bay," said Darwin Sobkow,
executive vice-president, Agribusiness Operations & Processing.
"Current River is an excellent complement to our heritage facility
and will allow us to increase receiving and shipping efficiencies and
capitalize on our ability to handle grains and oilseeds through the
Eastern Canadian corridor."
Richardson's Current River terminal received both the first laker
and the first salt water ship of the 2014 Thunder Bay shipping season. The terminal, which will handle mainly canola, oats and wheat,
loaded its first vessel of the season on April 22, a full month later
than usual given the extreme winter weather that delayed the thaw
of the Great Lakes.
16

For more information, see Page 114.

July 2014 / World Grain / www.World-Grain.com


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World Grain - July 2014

Table of Contents for the Digital Edition of World Grain - July 2014

World Grain - July 2014
Table of Contents
From the Editor-in-chief - E.U.’s fate has role in milling’s future
Calendar of Events
GAFTA Trade & Trends Conference
News Review - Trimex buying Gruma wheat milling business
Cargill expands wheat processing plant in Russia
ACCC reduces regulation at GrainCorp terminal
New rice mill planned for Arkansas
CWB moves to acquire two terminals in June
Australia issues draft code of conduct for ports
ADM announces appointments in Asia-Pacific
ADM completes Toepfer acquisition
Olam, Mitsubishi partner on Australian grain business
Richardson reopens Thunder Bay terminal, doubles capacity
FEFAC calls for policy shift toward innovation
China’s DDG cancellations not GMO related, analysts say
Groups in wheat producing nations support GM wheat
AFIA seeks FDA exemption for animal food
Grain Market Review - Wheat
Country Focus - Canada
Feature - Shifting horizons for global trade
Feature - Seeking Balance
Feature - 2014 Conference & Expo
Next year: Palm Springs
Milling Operations - The complexities of durum milling
Feature - Flour exports forecast to rise
IGC: Record industrial use of grain projected in 2014-15
World Grain Weather Report - Dryness a concern in India
Feature - Keeping Your Facility Odor Free
Feature - Positioning mills for success
North American Supplier Profiles
Supplier News
World Grain Archive
Ad Index/Reader Information Form International Faxback Program
World Grain - July 2014 - World Grain - July 2014
World Grain - July 2014 - 2
World Grain - July 2014 - 3
World Grain - July 2014 - 4
World Grain - July 2014 - Table of Contents
World Grain - July 2014 - From the Editor-in-chief - E.U.’s fate has role in milling’s future
World Grain - July 2014 - 7
World Grain - July 2014 - GAFTA Trade & Trends Conference
World Grain - July 2014 - 9
World Grain - July 2014 - Cargill expands wheat processing plant in Russia
World Grain - July 2014 - 11
World Grain - July 2014 - New rice mill planned for Arkansas
World Grain - July 2014 - CWB moves to acquire two terminals in June
World Grain - July 2014 - Australia issues draft code of conduct for ports
World Grain - July 2014 - ADM completes Toepfer acquisition
World Grain - July 2014 - Richardson reopens Thunder Bay terminal, doubles capacity
World Grain - July 2014 - FEFAC calls for policy shift toward innovation
World Grain - July 2014 - China’s DDG cancellations not GMO related, analysts say
World Grain - July 2014 - AFIA seeks FDA exemption for animal food
World Grain - July 2014 - Grain Market Review - Wheat
World Grain - July 2014 - 21
World Grain - July 2014 - Country Focus - Canada
World Grain - July 2014 - 23
World Grain - July 2014 - 24
World Grain - July 2014 - 25
World Grain - July 2014 - Feature - Shifting horizons for global trade
World Grain - July 2014 - 27
World Grain - July 2014 - 28
World Grain - July 2014 - 29
World Grain - July 2014 - 30
World Grain - July 2014 - 31
World Grain - July 2014 - Feature - Seeking Balance
World Grain - July 2014 - 33
World Grain - July 2014 - 34
World Grain - July 2014 - 35
World Grain - July 2014 - 36
World Grain - July 2014 - 37
World Grain - July 2014 - 38
World Grain - July 2014 - 39
World Grain - July 2014 - Feature - 2014 Conference & Expo
World Grain - July 2014 - 41
World Grain - July 2014 - 42
World Grain - July 2014 - 43
World Grain - July 2014 - 44
World Grain - July 2014 - Next year: Palm Springs
World Grain - July 2014 - 46
World Grain - July 2014 - 47
World Grain - July 2014 - 48
World Grain - July 2014 - 49
World Grain - July 2014 - 50
World Grain - July 2014 - 51
World Grain - July 2014 - Milling Operations - The complexities of durum milling
World Grain - July 2014 - 53
World Grain - July 2014 - 54
World Grain - July 2014 - 55
World Grain - July 2014 - 56
World Grain - July 2014 - 57
World Grain - July 2014 - 58
World Grain - July 2014 - 59
World Grain - July 2014 - Feature - Flour exports forecast to rise
World Grain - July 2014 - 61
World Grain - July 2014 - IGC: Record industrial use of grain projected in 2014-15
World Grain - July 2014 - 63
World Grain - July 2014 - World Grain Weather Report - Dryness a concern in India
World Grain - July 2014 - 65
World Grain - July 2014 - 66
World Grain - July 2014 - 67
World Grain - July 2014 - Feature - Keeping Your Facility Odor Free
World Grain - July 2014 - 69
World Grain - July 2014 - 70
World Grain - July 2014 - 71
World Grain - July 2014 - Feature - Positioning mills for success
World Grain - July 2014 - 73
World Grain - July 2014 - 74
World Grain - July 2014 - 75
World Grain - July 2014 - 76
World Grain - July 2014 - 77
World Grain - July 2014 - 78
World Grain - July 2014 - 79
World Grain - July 2014 - North American Supplier Profiles
World Grain - July 2014 - 81
World Grain - July 2014 - 82
World Grain - July 2014 - 83
World Grain - July 2014 - 84
World Grain - July 2014 - 85
World Grain - July 2014 - 86
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World Grain - July 2014 - 101
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World Grain - July 2014 - 103
World Grain - July 2014 - 104
World Grain - July 2014 - 105
World Grain - July 2014 - Supplier News
World Grain - July 2014 - 107
World Grain - July 2014 - 108
World Grain - July 2014 - 109
World Grain - July 2014 - 110
World Grain - July 2014 - 111
World Grain - July 2014 - 112
World Grain - July 2014 - World Grain Archive
World Grain - July 2014 - Ad Index/Reader Information Form International Faxback Program
World Grain - July 2014 - 115
World Grain - July 2014 - 116
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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