World Grain - June 2013 - 14

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GrainCorp profit down 34%
SYDNEY, AUSTRALIA — GrainCorp said on May 16 that net profit for the first half of the year was A$88.2 million, a 34% drop from
the A$133.7 million reported in the same period a year earlier.
GrainCorp has agreed to A$13.20 per share bid from Archer Daniels
Midland Co.
Revenue for the first half of the year was up 40% to A$2.36 billion,
following the acquisition of the Gardner Smith and Integro businesses.
GrainCorp Managing Director and Chief Executive Officer Alison
Watkins said the result reflected the eastern Australian harvest returning to a more typical size, an above-average carry-in and a solid
performance from the company’s processing businesses, including
GrainCorp Malt and the new GrainCorp Oils business.
“Another positive first-half performance demonstrates the benefits
of GrainCorp’s diversification strategy, as grain receivals returned to
more normal levels following two very large harvests,” Watkins said.
“I’m also pleased to report we continue to make good progress on the
strategic initiatives we announced in November.”
GrainCorp reported a drop in grain receivals to 9.7 million tonnes
from 11.6 million tonnes a year earlier. Grain exports were down to
4.3 million tonnes versus 5 million tonnes last year, and grain in storage was down to 4.3 million tonnes from 6 million tonnes in 2012.
“Our Storage & Logistics team has maintained a firm market share
of a smaller crop, with country receivals of 9.7 million tonnes for the
half,” Watkins said. “Our substantial pre-harvest investment in mobile
grain receivals equipment improved delivery and turnaround times at
our sites and generated very positive grower feedback. GrainCorp’s
ports have also handled a significant export program, elevating 5.1
million tonnes of grain and other commodities during the half.

ADM opens soybean processing facility in Paraguay

For more information, see Page 110.

VILLETA, PARAGUAY — Archer Daniels Midland Company
(ADM) on May 10 celebrated the official ribbon cutting of its new
soybean processing facility in Villeta, Paraguay. The plant has a daily
capacity of 3,500 tonnes and has provided 160 direct jobs in the area.
“We are excited to join with President Franco and the people of
Villeta to celebrate this new, world-class facility,” said Juan Luciano,
ADM executive vice-president and chief operating officer. “This is
yet another step forward as we work to implement our strategy to
expand our operations in the world’s key growing regions.”
The new plant, which was constructed adjacent to the existing
ADM fertilizer-blending facility in Villeta, expands ADM’s South
American oilseed crush capacity by more than 20%. The location of
the complex, near a port facility on the Paraguay River, allows for
efficient crop origination and export capabilities.
“The strategic location of our complex in Villeta enables the full
integration of our logistics,” Luciano said. “Our barges arrive here
with inputs for the production of fertilizers and leave loaded with our
soy products. Trucks arrive with soy sourced from different regions
of the country, and return to the field with fertilizers designed to meet
the many and varied demands of productive, modern farmers.”
The facility’s construction included several elements designed
to improve sustainability, including an integrated water treatment
system and a biomass-fueled electric power generation. In addition,
ADM worked with government agencies and educational institutions, including the Engineering University of Asunción (UNA) and
SINAFOCAL, to create and help operate an innovative three-month
program to help train local men and women to fill jobs at the facility.
June 2013 / World Grain / www.World-Grain.com

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World Grain - June 2013

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