World Grain - October 2012 - 22

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DynAgra Corp. to join CHS
ST. PAUL, MINNESOTA, U.S. — DynAgra Corp. and CHS Inc. announced on Sept. 20 that they plan to combine agricultural services to producers and consumers within the Alberta Province trade territory now served by DynAgra. “The ﬂood gates of possibilities — new products, new markets and new perspectives — have opened for us by joining CHS,” said Tasha Schmaltz, general manager, DynAgra. “To have a company enter the Canadian market that is as focused on the customer’s success as we are is extremely exciting for the DynAgra staff and for our loyal customers. I can only imagine what we will bring next to the marketplace.” “In our research to take DynAgra and our customers to the next level, we decided that a global company was needed to propel our customers into international markets,” added Bruce Schmaltz, president and chief executive ofﬁcer, DynAgra. “After substantial analysis, we decided CHS had what it takes to open up world markets for our customers while bringing a competitive presence to the retail crop input market. We’re conﬁdent our long-time customers will ﬁnd CHS a formidable new player at a time of shrinking competitive choice in Canada.” “The combination is a good match for both companies,” said John McEnroe, executive vice-president CHS. “Part of our commitment to helping our farmer-owners grow their businesses included expanding our reach geographically, and Canada provides the opportunities to do just that.”

Dangote Flour Mills posts loss in first quarter
LAGOS, NIGERIA — Dangote Flour Mills reported on Sept. 21 a loss of N117 million ($743,546) due to high operational costs, compared to a proﬁt of N441 million ($2.8 million) in 2011. The company reported gross proﬁt of N2.61 billion. Distribution and administration expenses rose from N1.022 billion in 2011 to N2.013 billion in 2012. Net ﬁnancing cost rose from N365 million to N722million. The company said management would continue to work hard to deliver improved returns to shareholders in the 2012 ﬁnancial year. According to the statement, DFM would perform better as the company completes expansion of its manufacturing and packaging facilities, which started some years back. “Dedicated plant for production of our wheat meal brand Alkama and Danvita would soon be ready for commissioning any moment,” the company said. “This would, no doubt, tremendously boost our top line growth this year as plans are already in place to massively launch the products and increase the distribution networks to all the hinterlands.”

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World Grain - October 2012

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