World Grain - August 2014 - (Page 14)

newsreview GrainCorp buys stake in Egyptian flour miller SYDNEY, AUSTRALIA - GrainCorp announced on July 10 that it has purchased a 10% equity stake in Egyptian flour miller Five Star Flour Mills. The stake has a value of A$10 million and will be funded from existing cash reserves, GrainCorp said. The stake gives GrainCorp a right to appoint a director to Five Star's board. Don Taylor, GrainCorp's executive chairman and interim chief executive officer, said there is a strong strategic rationale for building its relationship with Five Star. "We have been working in close partnership with the management team at Five Star Flour Mills for a number of years and have been in discussions for some time about how we can strengthen our relationship for the benefit of both our companies and the growers who use our network," Taylor said. Five Star is one of Egypt's leading flour millers with 30 specialized and ready mixed products. Five Star Flour Mills was established in 1995 as a joint venture between a group of Egyptian and foreign investors at Attaqa Industrial Zone overlooking the Gulf of Suez, 140 kilometers east of Cairo. Five Star commissioned its first fully-computerized flour mill with production capacity of 450 tonnes per day in late 1998. An expansion in production capacity up to 1,000 tonnes per day ensued by operation of the second milling line in 1999. The company noted that in 2001 the third milling line started operation with a production capacity of 250 tonnes per day, making it the largest flour mill in Egypt with a gross daily production of 1,250 tonnes per day. Uzwil, Switzerland-based Bühler, a global leader in flour milling technology, installed the milling lines for the company and equipped them with the most advanced flour milling technology available. Ready-mixes and household flour can also be produced from a stand-alone mixing plant. Five Star offers 30 specialized and ready-mixed products. Egypt purchases 5.1 million tonnes of wheat in 2013-14 CAIRO, EGYPT - In early July, the state-owned General Authority for Supply Commodities (GASC) announced that Egypt has purchased around 5.1 million tonnes of wheat during the current fiscal year 201314, which amounts to approximately a total value of $1.5 billion. According to GASC's Vice-Chairman Mamdouh Abd El Fattah, Romania and Russia are capturing the lion's share of Egypt's total wheat imports in 2013-14. Out of the 5.1 million tonnes, Egypt imported around 1.86 million tonnes from Romania; 1.78 million tonnes from Russia; 930,000 tonnes from Ukraine; 660,000 tonnes from France; and 230,000 tonnes from the U.S. Total Solutions for Grain Storage From individual silos to complete storage & handling facilities, FRAME one of Europe's largest manufacturers of storage silos,provide total solutions for your storage requirements, with flat bottom silos up to 18,000 m³ & hopper bottom silos up to 4,300 m³ capacity & a full range of accessories to suit. Check our web site & contact us now to see how we can offer the complete package of design, manufacture & erection of your storage facility. FRAME: Via Bertella, 2 - 40064 Ozzano Emilia (BO) Italy Tel.: 0039 051 798107 Fax: 0039 051 796300 For more information, see Page 106. 14 August 2014 / World Grain /

Table of Contents for the Digital Edition of World Grain - August 2014

World Grain - August 2014
Table of Contents
From the Editor-in-chief - Fundamentals drive wheat prices
Calendar of Events
Latin American milling conferences
News Review - Interflour to build flour mill in Philippine free-trade zone
San Miguel to double flour milling capacity
ADM Milling completes expansion in Indiana
Bartlett building grain facility in Kansas
Cargill to build grain facility in Arkansas
Grupo Bimbo acquires Ecuadorean baker
Didion Milling names vice-president, business development
GrainCorp buys stake in Egyptian flour miller
Egypt purchases 5.1 million tonnes of wheat in 2013-14
United Grain plans bigger expansion at port
E.U. feed groups want decision on GMs
Toepfer renamed ADM Germany
E.U., EIB to work together on agriculture
Uzbekistan harvests record 8 million tonnes of grain
Ungashick joins World Grain sales team
E.U. sets import duty for first time in nearly four years
CHS earnings up 51% in third quarter
CHS makes management changes
Ardent Mills selects office location
Grain Market Review - Coarse grains
Country Focus - South Africa
Feature - Dawn of a New Era
Ardent Mills partners, executives, bring deep roots in flour milling
Regional Review - A Vital Grain Producer
Regional Review - Overflowing with Oilseeds
Regional Review - Export Challenges
Feature - Using Corn as a 'Lifeline'
LifeLine products
Technical Profile - Demanding the best
Feature - A Growing Issue
Feed Operations - Pellet Mills
Feature - Debugging your facility
Species spotted
Guest Commentary - Unforgettable: How flour saved Berlin
Feature - Olam's rice nucleus program
Rice Quarterly - UN sets acceptable levels of arsenic in rice
New rice mill planned for Arkansas
Italy wants ‘fairer’ rice deal
Thailand province developing jasmine rice
Thailand’s rice price shoots up on drought
Supplier News
Product Showcase
World Grain Archive
Ad Index/Fax Back Program

World Grain - August 2014