World Grain - November 2022 - 73

1992
J. Soufflet (UK) Ltd., the Frenchowned
international grain merchandising
and processing business, has
acquired the Webb shareholding in
Blandford & Webb Grain Ltd. To
make it a wholly owned Soufflet
subsidiary. This step followed the
move early in 1992 when J. Soufflet
bought the 50% equity stake in
Southampton Grain Silos it did not
already own, of which Blandford
& Webb was a partner. While acquiring
all of Blandford & Webb,
Soufflet restructured its agricultural
activities in Britain to strengthen its
financial base and simplify its corporate
structure.
Bühler Ltd. has received a large
contract for installation of a food
processing and production complex
in Doha, Qatar. The total contract,
worth 50 million Swiss francs, includes
a flour mill, a grain storage
elevator, two ship loaders and bulk
handling systems, and a pasta, cookie
and baby food line. Most of the
plant and its equipment will be manufactured
in Bühler's factories in
Switzerland. The complex is scheduled
to begin operation in 1995.
2002
In a new initiative, AWB Ltd. has
announced it is directly targeting international,
end-product consumers
through an unprecedented agreement
with Indonesia's Bogasari Flour
Mills. Andrew Lindberg, managing
director of AWB, said the consumer
campaign was part of its marketing
strategy to further strengthen end
user demand for Australian wheat.
The agreement establishes minimum
percentages of AWB wheat to be
used in Bogasari's grist, thereby securing
demand for Australian wheat,
and includes AWB baking and milling
training programs for Southeast
Asian customers.
Agriculture and Agri-Food Minister
Lyle Vanclief has appointed Chris
Hamblin as the chief commissioner
of the Canadian Grain Commission.
Hamblin has operated a Manitoba
grain and seed farm since 1976 and
recently was involved in two CGC
committees. She was vice president
of the Keystone Agriculture Producers
from 1999 to 2001 and has
been involved in many boards and
committees.
The American Association of Cereal
Chemists (AACC) 2002-03 board
of directors was installed during the
AACC Annual Meeting in Montreal,
Canada, in October. Barbara Hidolph,
chair of the board, is principal
with Asteris LLC, St. Louis, Missouri,
US. Brendan Donnelly, board
president, is head and professor,
Department of Grain Science and
Industry, and director, International
Grains Program, Kansas State University.
AACC president-elect James
Dexter is senior research scientist,
Canadian Grain Commission.
2012
CME Group on Oct. 17 announced
it had signed a definitive agreement
under which it will acquire the Kansas
City Board of Trade (KCBT).
Under the agreement, CME Group
will pay $126 million for the exchange,
and members additionally
will receive a special distribution
of excess cash, concurrent with the
closing. The KCBT, which is organized
as a for-profit corporation,
is the leading futures market for
hard red winter wheat. Under the
agreement, the CME committed to
maintain for at least three years a
committee of KCBT market participants
to advise on hard red winter
contract terms and conditions. With
the completion of the transaction,
the Minneapolis Grain Exchange,
which trades hard spring wheat,
will be the only remaining independent
wheat futures exchange in the
United States.
World-Grain.com / World Grain / November 2022
WORLD GRAIN ARCHIVE
Glencore
International PLC announced
on Oct. 2 that it has,
through a wholly owned subsidiary,
entered into a 50-50 joint venture
agreement with Kernel Holding SA
through which it has acquired from
the EFKO Group an interest in a
deep-sea grain export terminal at
the Port of Taman, Russia. Strategically
located on Russia's Black Sea
coast, the port is in close proximity
to southern Russia's main grain
producing region. The grain export
terminal has a throughput capacity
of 3 million tonnes per year and will
enable Russian grain to be exported
throughout the year.
Dangote Industries Ltd. (DIL) announced
on Oct. 1 that it has sold
63.35% of its stake in Dangote
Flour Mills PLC (DFM) to Tiger
Brands Ltd. DIL announced the
business deal worth $181 million,
which included the sale of its 3.1
billion ordinary shares in DFM to
Tiger Brands. Based in Sandton,
South Africa, Tiger Brands operates
mostly in South Africa and selected
emerging markets. It has a presence
in 28 countries on the African continent
with business offerings spanning
grains and consumer brands.
Richardson International Ltd. said
on Oct. 1 that it plans to invest approximately
C$120 million in its
port terminal facility in Vancouver,
Canada, to increase storage capacity
for grains and oilseeds to meet
growing global demand. Richardson
has applied to Port Metro Vancouver
for a permit application for
the project, which would take two
years to complete. Its Vancouver
terminal is currently operating at
maximum capacity,
handling approximately
3 million tonnes of
grains and oilseeds each year. With
growing global demand, Richardson
expects to handle in excess of
5 million tonnes of grains and oilseeds
annually with the additional
storage capacity in Vancouver.
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