World Grain - March 2011 - (Page 17)

newsreview Grain, ethanol boost The Andersons, Inc. to record results MAUMEE, OHIO, U.S. — Led by record results in its Grain & Ethanol Group, The Andersons, Inc. announced on Feb. 8 record fourthquarter net income attributable to the company of $25.8 million, or $1.39 per diluted share, on revenues of $1.2 billion. In the same threemonth period of 2009, the company reported income of $16.2 million, or 88¢ per diluted share, on revenues of $916 million. “Both our full-year and fourth-quarter earnings were heavily influenced by the results within our agricultural business units. The record full-year and quarterly earnings in both our Grain & Ethanol and Plant Nutrient groups reflects our solid position in this industry,” said Chief Executive Officer Mike Anderson. “Our 2010 Rail Group results continue to be negatively impacted by the overall economy. The increase in utilization rate at the end of the year, however, was encouraging to see. We intend to continue to serve our customers and grow this company as we did in 2010 with the addition of O’Malley Grain, B4Grain, and our significant investment in the Iowa Northern Railroad.” The company’s 2010 full-year results were its second highest with earnings of $64.7 million, or $3.48 per diluted share, on $3.4 billion of revenues. In the prior year, the company earned $38.4 million, or $2.08 per diluted share, and total revenues were $3 billion. The Grain & Ethanol Group’s 2010 operating income was a record $81.4 million. This compares to operating income of $51.4 million in 2009. These results were led by the grain business, which achieved a best-ever performance due primarily to strong space income. The ethanol business and the investment in Lansing Trade Group also had solid performances. Total 2010 revenues for the Grain & Ethanol Group were $2.4 billion. This includes $928 million of grain and ethanol sales made in accordance with origination and marketing agreements between the company and its ethanol joint ventures. ROT ARY DIVIDER SAVES LOTS OF TIME! ■ Significantly reduces the time required to divide large samples! ■ Reduce a sample by 90% In A Single Pass! ■ Quieter than gravity style designs. ■ Totally enclosed design minimizes dust. ■ Accurate to within 0.1% of the total sample by weight. ■ 110V & 220V models. 698 Prior Ave. North • St. Paul, MN USA 55104 Phone: (651) 647-5410 • Fax: (651) 647-5412 LAB Bunge’s net income rises on strong agribusiness performance WHITE PLAINS, NEW YORK, U.S. — Bunge’s net income for fiscal year 2010 increased significantly on strong growth in its agribusiness sector to $2.354 billion from last year’s net earnings of $361 million. Total sales for 2010 reached $45.707 billion, a 9% increase over last year’s sales of $41.926 billion. The company noted that solid results in agribusiness and food & ingredients were offset somewhat by difficulties in sugar & bioenergy. Lower milling volumes from reduced sugarcane yields due to dry weather in Brazil, as well as challenges related to the start-up of some mills, contributed to significantly lower-than-expected results in this segment during the period. Bunge noted that its milling sector’s results in the quarter were adversely impacted by a $9 million impairment charge related to a long-term supply contract that accompanied an acquisition of a wheat milling facility. Excluding this charge, performance this quarter improved primarily due to higher margins in wheat milling. / World Grain / March 2011 GIPSA APPROVED! GAMET MANUFACTURING Toll Free 888-647-5475 The closer you look...the better we look! For more information, see Page 94. 17

Table of Contents for the Digital Edition of World Grain - March 2011

World Grain - March 2011
from the editor-in-chief - Arab revolution of great importance for wheat
Australia’s winter crop estimated to increase 19%
With China crop in trouble, wheat surges upward
Port of Novorossiysk grain volumes decline 36.5%
FEFAC welcomes E.U. decision on GMO
Cargill to build new corn processing plant
Joint venture to build new canola crush plant in Canada
CWB purchases lake vessels for grain
E.U. compound feed production increases in 2010
U.S. fl our production in 2010 gains 0.4%
Industry responds to corn amylase approval
Scoular purchases ethanol plant, shuttle facility
Income from operations, sales soar at MGPI
Grain, ethanol boost The Andersons, Inc. to record results
Bunge’s net income rises on strong agribusiness performance
COUNTRY FOCUS - Focus on the Philippines
Key Facts
Flooding takes toll on Australian grain industry
Single desk survives — for now
What's next for Russia?
A New Vision
Unrest in Egypt
New look for Victam International 2011
Attendance surges at IPE/IFE
Deep in the heart of Texas
Schedule at a glance
Nominations solicited for Milling Operative of the Year
IAOM Conference & Expo - 2011 exhibitor booths
FEED OPERATIONS - Energy savings
Proactive path to PEST MANAGEMENT
Seeking to add customer value
Buhler Technology Group has successful 2010
Stern-Wywiol Gruppe receives prestigious business awards
Perten to supply Turkish Grain Board with Inframatic analyzers
GSI Group launches new customer-centric website
Ocrim supplies Libyan mill
Cargotec to acquire terminal operator systems provider
Eurofi ns appoints new chief scientifi c offi cer
4B Braime opens new subsidiary in Australia

World Grain - March 2011