World Grain -- December 2015 - (Page 15)

NEWSREVIEW The Andersons reports loss on Grain Group decline MAUMEE, OHIO, U.S. - The Andersons, Inc. reported on Nov. 4 a loss of $1.2 million or 4¢ per share for the third quarter, down from earnings of $16.8 million or 59¢ per share in the same quarter last year. Revenues totaled $935.8 million, down 2% from $952.9 million in the third quarter a year ago. The Grain Group earned $131,000, down 98.9% from $12,449,000 in the same period a year earlier. The company attributed the steep drop in SHUIRUPDQFHWRDVLJQL¿FDQWGHFOLQHLQHTXLW\ earnings as well as lower core grain business results. "The Rail Group had a great quarter as they FRQWLQXHGWREHQH¿WIURPWKHLUIRFXVRQDVVHW management, which has led to higher lease and utilization rates," said Chairman Mike Anderson. "The Ethanol Group also had good results, despite margins being down, as they continued to increase throughput due to various process improvements they have made. Overall, however, this was a disappointing quarter primarily due to the results of our grain and plant nutrient groups." IGP Institute names interim associate director M A N H AT T A N , KANSAS, U.S. - The Kansas State University International Grains Program (IGP) Institute announced on Nov. 3 that Brandi Miller has been appointed Miller the interim associate director of the institute. Miller was formerly the institute's assistant director and distance education program coordinator. "Under Brandi's leadership the distance HGXFDWLRQ SURJUDP KDV JURZQ VLJQL¿cantly," said Gordon Smith, IGP Institute director and grain science and industry department head. "We are excited to have Brandi's innovative ideas and outstanding leadership guiding the programming and team at the IGP Institute." Miller joined the institute in January 2010. Since she began, the distance education offering has grown from nine courses in 2010 to 34 in 2015. She was promoted to assistant director in September 2014 to assume some of the administrative duties of a growing IGP Institute program. She has a bachelor's degree in bakery science and management and master's degree in adult, occupational and continuing education. Both degrees were obtained at Kansas State University. "I am excited to be stepping in as interim associate director," said Miller. "IGP has a strong history with internal and external stakeholders and I look forward to continue to build those relationships to strengthen our programming." $ORQJ ZLWK IXO¿OOLQJ KHU DGPLQLVWUDWLYH duties, Miller plans to continue her leadership of the distance education program. She assumes this new administrative position from Mark Fowler, associate director and ÀRXU PLOOLQJ FXUULFXOXP PDQDJHU ZKR DQnounced his departure effective in December. Moisture? Protein? Analyzers capture value Ash? Falling Number? Gluten? Water absorption? s+YEARSKNOWLEDGEEXPERTISE s&UNCTIONALCOMPOSITIONALANALYSIS s&LOUR GRAINSOILSEEDS 2EADMOREATWWWPERTENCOM For more information, see Page 90. / World Grain / December 2015 15

Table of Contents for the Digital Edition of World Grain -- December 2015

World Grain -- December 2015
Table of Contents
From the Editor-in-chief - Milling differs from Warren Buffett
Calendar of Events
Second Oilseed Congress scheduled for Feb. 9-10
News Review - Tiger pulls financial support from Dangote Flour Mills
European Parliament rejects national GMO bans
Olam 3Q operational earnings up
Wilmar’s oilseed, grain segment earnings surge
Ardent Mills stake to stay with ConAgra Brands
Noble Agri reports loss in quarter
The Andersons reports loss on Grain Group decline
IGP Institute names interim associate director
Cargill’s new South Korean feed mill is its largest in the world
ADM opens two plants in China
GSFMO privatizes its flour mills
GrainCorp 2015 earnings down
Tiger Brands year-end earnings offset by international operations
Cargill makes executive leadership changes
Glencore agricultural production up
Grain Market Review - Oilseeds
Country Focus - Spain
Feature - Going from margin to mainstream
Feature - Record Turnout in Dubai
Feature - IAOM takes show to Indonesia
Feature - Indonesia's milling giant may expand
Indonesia in numbers
Feature - An end to the bear market?
Feature - Big turnout expected for IPPE 2016
Feature - Shaping the global feed industry
Feed Operations - Bucket elevator selection and installation tips
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program

World Grain -- December 2015