World Grain - June 2016 - 12

NEWSREVIEW

ForFarmers goes public
LOCHEM, NETHERLANDS - ForFarmers, one of Europe's largest feed manufacturers, went public in May, with the listing and trading of its ordinary shares on Euronext Amsterdam starting on May
24 under the symbol FFARM. The move supports the company's
strategy for further expansion.
The listing is supported by the cooperative FromFarmers, which is
the company's majority shareholder, and on April 15, 99.9% of the
votes cast at the company's annual general meeting were in favor of
trading all regular shares.
In 2015, ForFarmers produced 9.1 million tonnes of conventional
DQGRUJDQLFIHHGDQGWXUQHGRYHU¼ELOOLRQ*URVVSUR¿WLQ
was up 7.7% to €424.2 million ($483.8 million). ForFarmers has 6%
of the compound feed market in Europe.
"This is a historic moment for ForFarmers," said Yoram Knoop,
FKLHIH[HFXWLYHRI¿FHU³:HDUHGHOLJKWHGWKDWVXFKDVROLGPDQGDWH
was granted for listing on Euronext Amsterdam.
Along with feed for the ruminant, swine, poultry and equine sectors, ForFarmers supplies products for crop farming and pasture
farming. The company is based in the Netherlands but also has facilities in Belgium, Germany and the U.K. ForFarmers has 2,370
employees.
One key objective of the company's Horizon 2020 strategy is acquisitions with the aim of becoming the top producer in all regions
where it is active. The company has seen rapid expansion since 2012,

In 2015, ForFarmers produced 9.1 million tonnes of feed.
when it acquired British feed maker BOCM Pauls. Its most recent
acquisitions included three U.K.-based companies: HST Feeds Ltd.
:KH\IHHG+ROGLQJV/WGDQGWKHDJULFXOWXUDODFWLYLties of Countrywide Farmers (2015). All three have been fully integrated into ForFarmers UK.

Agrocorp purchasing Canadian grain handler
0226(-$:6$6.$7&+(:$1&$1$'$²$JURFRUS,QWHUQDtional announced on May 9 it is entering into a purchase agreement
with Veikle Grain Ltd. Located in Northern Saskatchewan on a main
&DQDGLDQ3DFL¿F5DLOOLQHWKH&XW.QLIHSODQWKDQGOHVJUDLQVSXOVHV
and oilseeds. Carl Veikle, owner of Veikle Grain Ltd., has been a
longstanding member of the grain community, and Agrocorp said it
is looking forward to growing the existing relationships with local
SURGXFHUVDQGH[SDQGLQJLWVQHWZRUNLQWKH1RUWK:HVWHUQ6DVNDWFKewan draw area.
&DQDGLDQ3DFL¿F5DLOKDVEHHQDSDUWQHURQWKLVSURMHFW
³:HFRQWLQXHWRDFFHOHUDWHRXUEXONYHVVHODQGFRQWDLQHUL]HGEXVLness in Canada, both in major grains and specialty crops," said Colin
7RSKDPPDQDJLQJGLUHFWRURI$JURFRUS&DQDGD³:LWKWKH8QLWHG
Nations declaring 2016 the international year of pulses, Canadian
growers are stepping up to meet the challenge of fast growing international demand by planting more acres. As Canada transitions to

become the major supplier of protein for the world's increasing population, we at Agrocorp are excited to be a part of this global story."
Agrocorp has expansion projects planned for both the rail and storDJHFDSDFLW\ZLWKWKHUDLOH[SDQVLRQVODWHGWR¿QLVKLQWKHIDOODGGLQJ
80,000 tonnes of capacity to its supply chain.
Veikle Grain Ltd. is a pulse processor providing cleaning, bagging and export services. It also provides loadout services for bulk or
bagging and containers, box cars or bulk hoppers. Bagged product is
marketed under the Viking Brand. The company currently exports to
the Middle East, Asia and South America and are actively marketing
pulses, canola and wheat.
Agrocorp International is a wholly owned subsidiary of Agrocorp
International Pte. Ltd., a multinational agricultural trading company
EDVHG RXW RI 6LQJDSRUH ZLWK JOREDO RI¿FH ORFDWLRQV $JURFRUS
handles over 5 million tonnes of product each year and has an annual
turnover of $1.9 billion.

Wilmar's net profit up in first quarter
6,1*$325(²:LOPDU,QWHUQDWLRQDOUHSRUWHGRQ0D\WKDWQHW
SUR¿WIRUWKH¿UVWTXDUWHUHQGHG0DUFKLQFUHDVHGWR
million from $232 million in the same period a year earlier. Revenue
IRU WKH ¿UVW TXDUWHU ZDV GRZQ IURP ELOOLRQ WR
billion due to lower commodity prices.
7KH2LOVHHGVDQG*UDLQVVHJPHQWVDZDSUHWD[SUR¿WRI
million, up 1.6% compared to $166.084 million in the same period
of last year.
7KHVWURQJVHJPHQWSUR¿WVZHUHDFKLHYHGRQWKHEDFNRIYROXPHDQG
margins growth in the company's Consumer Products business and conWLQXHGLPSURYHPHQWVIURPLWVULFHDQGÀRXURSHUDWLRQV:LOPDUVDLG
Oilseeds and Grains Manufacturing and Consumer Products saw
an increase in sales volume. Manufacturing reported a 13.1% increase
12

to 5.462 million tonnes. Consumer Products sales were 1.723 million
tonnes, up 12.7% compared to 1.529 million tonnes in the same period
of last year. The total sales volume for Oilseeds and Grain segment
LQFUHDVHGWRQQHVWRPLOOLRQWRQQHVLQWKH¿UVWTXDUWHU
³:HH[SHFWWKHUHFHQWLPSURYHPHQWLQ&32SURFHVVWREHQH¿WRXU
plantation business," said Kuok Khoon Hong, chairman and chief
H[HFXWLYHRI¿FHURI:LOPDU³+RZHYHUWKLVZLOOEHSDUWLDOO\RIIVHWE\
lower margins in our downstream businesses due to higher feedstock
costs. Consumer Products will continue to achieve healthy growth although crush margins are expected to come under pressure as a result
of excessive soybean arrivals into China in the coming months and
amidst volatile markets. Operating conditions in the second quarter
are expected to be challenging."
June 2016 / World Grain / www.World-Grain.com

http://www.World-Grain.com

World Grain - June 2016

Table of Contents for the Digital Edition of World Grain - June 2016