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Company Information for Graincorp Limited
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 ASX; GNC
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Company Statement
GrainCorp Limited is a publicly listed Australian agribusiness and the dominant bulk handling company on the east coast of Australia. We are committed to servicing the needs of the domestic and international grain markets from producers to buyers. The strength of our company infrastructure network and the diversification of services we provide put the Company in a unique position to provide value to our customers.
GrainCorp provides a year-round relationship with the grower offering seed solutions, fertiliser and testing to storage and handling, marketing and end user sales to multiple buyers.
Our core business lies in bulk commodity storage and handling, marketing, merchandising and logistics.
GrainCorp operates an extensive network of rail-linked storages across south-east Australia, as well as seven strategically located export terminals in Brisbane, Gladstone, Mackay, Newcastle, Port Kembla, Geelong and Portland.
GrainCorp employs around 1000 permanent staff and up to 3,000 casual's in peak season, offering business solutions for grain producers and buyer customers.
GrainCorp has been through an extensive program of modernization, geographic expansion and supply chain diversification - including listing on the ASX in 1998, the merger with Vicgrain in 2000, the purchase of Allied Mills in 2002 in a joint venture with Cargill Australia, and most recently the merger with Grainco Australia in 2003.
Current Operations
GrainCorp AG Plus
GrainCorp AG Plus is the agricultural inputs supply arm of GrainCorp, a leader in the supply of quality cropping inputs, mainly focusing on agricultural chemicals, broad acre seed and fertilisers.
GrainCorp AG Plus is focused on creating value for our suppliers, customers and shareholders by suppling quality products and services at a competitive price. Our outlets are conveniently located and provide convenient easy access to bulk chemicals and fertiliser.
Our procurement team is actively searching the domestic and international markets for the quality products that will result in our grower customers' crop and animal production enterprises, achieving maximum returns on their investment.
We have increased our on farm activity this year to provide our growers with a value proposition that will offer long term benefits to their farming operation. GrainCorp AG Plus will continue to enhance the service offering and expand our areas of operation. GrainCorp AG Plus has the ability to adapt to the changing commercial environment in our industry and will endeavor to meet the needs of our shareholders, suppliers and most importantly our customers
GrainCorp Marketing
GrainCorp Marketing is a major player in the Australian grain marketing industry and is the leading barley, sorghum and canola marketer on the Australian East Coast. In 2003/2004 GrainCorp Marketing marketed over 4 million metric tonnes of grain and oilseeds to domestic and international clients.
GrainCorp Marketing is committed to adding value to our partners and maximising the growth along our supply chain.
Our grower customers' livelihoods depend on grain markets. Our focus is to partner with growers to achieve the best possible outcome for the marketing of their grains and oilseeds. Marketing options offered to growers include cash, forward prices and pools in a range of commodities.
End-users of grain are looking for quality ingredients, delivered to them in a timely manner, to ensure they can supply high quality food products to demanding consumers.
GrainCorp Marketing consists of a team of traders/marketers, logistics and administration professionals with many years experience in providing marketing and supply solutions as well as a team of committed field merchants serving grain growers throughout Australia.
By combining strong relationships with Australian grain growers, market knowledge, risk management skills and the GrainCorp supply chain, we are able to provide superior service to a large range of clients. Combined with the strong financial backing of a top 200 ASX listed company, GrainCorp is a secure and dependable business partner.
GrainCorp Marketing markets to a range of domestic and international clients, with an increasing focus on markets in Asia and the Middle East.
Domestic Clients
GrainCorp's domestic customer base continues to grow, demonstrating GrainCorp's successful diversification and strengthening presence along the grain supply chain.
At GrainCorp we pride ourselves in providing competitive and flexible pricing alternatives and place enormous importance on providing superior logistics services to our clients. Whether the client uses a truck load of grain a week or requires 20000mt a month GrainCorp is committed to their needs.
International Clients
GrainCorp has made a significant impact on the international marketing scene with strong relationships developed in key markets all over the world.
GrainCorp takes a partnership approach in providing international clients with local market information, supplying alternatives and pricing structures that enable international clients to maximise the value of purchasing grain from Australia. With our network of over 250 sites and 9 export terminals we are able to provide superior cargo accumulation and vessel logistics solutions.
When you have clients that use several 30,000mt shipments of Malting Barley a year you need to deal with the companies that directly manage the accumulation and export of the grain. GrainCorp Marketing is one of the few companies in Australia that can provide a strong logistics network to back up grain supply contracts. Whether clients want to purchase grain up country, FOB (Free On Board) or CNF (Cost and Freight) GrainCorp Marketing can provide security of supply with price and logistical flexibility.
GrainCorp Marketing provides Feed Barley, Malting Barley, Canola, and Sorghum in bulk and containers as well as wheat and other specialty grains.
Storage & Handling
GrainCorp's extensive Storage & Handling network is one of the world's largest and stretches across the length and breadth of Australia's East Coast.
The Company operates 268 receival sites with more than 25 million tonnes of storage capacity, servicing around 30 000 grain producers in Queensland, New South Wales, Victoria and South Australia.
The company operates:
77 Primary Sites that are permanently staffed and handle the majority of grain.
- Continued extended harvest hours to receive grain
- Extended hours for grain out loading to export rail
- Domestic out loading on all business days.
174 Major Sites which handle the variable grain crop
- Extended harvest hours to receive grain if required
- Rail out loading on business days
- Domestic out loading on business days subject to minimum tonnes requirements.
35 Custom Sites that are exclusively designated for particular grain commodities or specific domestic customers based on grower or buyer volume commitment
GrainCorp Storage & Handling's modern, convenient warehousing facilities offer easy access and fast turn around and provide growers with greater choice when it comes to marketing grain. Growers retain ownership until they're ready to sell. The open marketplace that operates at GrainCorp silos offers growers further choice, as many buyers compete to purchase their grain.
GrainCorp Ports Division operates a total of nine export terminals at Mackay, Gladstone, Pinkenba and Fisherman Islands at Brisbane, Kooragang Island and Carrington at Newcastle, Port Kembla, Geelong and Portland. The Port Terminals provide receival, stock management and bulk and container export handling facilities for a range of grain and non-grain bulk products including woodchips, sugar, cottonseed, frozen orange juice concentrate and mineral sands.
Road - On Farm Pick Up
The GrainCorp On Farm Pick Up service is an easy, convenient solution to your harvest delivery needs. We will collect and deliver your harvest directly from your farm.
To arrange On Farm Pick Up it is as simple as one phone call to our Road Freight Coordinators who will then organise and manage the movement of your crop to the GrainCorp silo of your choice. By using the services of GrainCorp's extensive fleet you are accessing professional bulk carriers who specialise in the transport of grain all year round. Not only saving you valuable time the service gives you peace of mind, through the seamless movement of your harvest from your field bin into GrainCorp's storage facilities.
GrainCorp's On Farm Pick Up has the solution to fit your needs. We can provide additional transport support, operating alongside your own trucks. Our service allows you to retain the power to sell to a buyer of your choice. GrainCorp will provide you with a Farm Pick Up Report detailing truck registration numbers and grain receipt numbers which ensures you have a complete record of all grain that has left your property.
Port Terminals
As part of the acquisition of Grainco, Bulk Terminals Australia (BTA) has been folded into the GrainCorp Ports Division which operates a total of 9 ports at Mackay, Gladstone, Pinkenba and Fisherman Islands at Brisbane, Kooragang Island and Carrington at Newcastle, Port Kembla, Geelong and Portland.
GrainCorp port terminals handle a range of bulk products including grain, woodchips, mineral sands as well as containers.
Each terminal has road (Gladstone excepted) and rail access to receive deliveries and offers multiple segregations to service customers' product classification needs.
Technical Services laboratories are located at each terminal to scrutinise samples of grain before shipping to confirm quality classifications and pest-free status. Grain fumigation to assure the cleanliness of grain is also conducted at each terminal.
Technical Services
In addition to the quality testing services provided by GrainCorp's country based laboratories to clients who use our storage system, we are also able to provide a range of advanced quality testing services directly to grower and to other customers year round.
Quality Assessment - a wide range of commodities can be analysed for test weight, moisture, protein, oil content, impurity content, defective grain counts and weed seed content. This service can also provide a classification of the sample provided according to specified receival standards. Growers or merchants can use this data to determine market price, marketing strategies or whether the instruments they are using to determine grain quality are accurate.
Tissue Testing - this involves analysis of cereal plant tissue using NIR techniques to enable growers to determine nitrogen fertiliser input requirements during the early stages of crop growth.
Head Testing - grain head testing in October using NIR technology can provide the grower with a prediction of grain protein levels during the harvest period, and therefore, an indication of likely market returns.
Germination Testing - by using this service, growers can determine the germination percentage of the grain they are using for sowing, and can adjust sowing rates accordingly to obtain optimum plant densities.
A range of customers use our technical service laboratories because of their reliability, their use of advanced technologies, and their independence. In addition, we continually monitor our own performance against other laboratories through collaborative testing to ensure that our results are accurate and consistent.
Geographical Spread
Australia
Board of Directors and Key Management
| Mr Don Taylor | (Chairman) |
| Mr Daniel James Manglesdorf | (Deputy Chairman) |
| Mr John Eastburn | (Director, Non Exec. Director) |
| Mr Daniel James Mangelsdorf | (Director) |
| Mr Geoffrey Douglas Wills Curlewis | (Director) |
| Mr Gerry Lane | (Director) |
| Mr Spencer Millear | (Director) |
| Mr Ross Flanery | (Non Exec. Director) |
| Mr Rick Freemanl | (Non Exec. Director) |
| Mr David Groves | (Non Exec. Director) |
| Mr David B Trebeck | (Non Exec. Director) |
| Mr Tony Scott | (CFO) |
| Ms Fiona McCredie | (Investor Relations) |
Company AddressTower 1, Level 17, 201 Sussex Street
|
Additional Address/Key ContactGrainCorp Company Secretary |
Nominated BrokersABN AMRO Morgans Limited |
Most Recent Statement
17/12/07 - Media Release on successful conplettion of a $60M placement13/12/07 - Trading Halt
12/12/07 - Sorghum Crop 2008
29/11/07 - Appendix 4E and Full Year Statutory Accounts
22/04/07 - Share purchase plan
17/04/07 - Change of Directors Interest Notice - April 2007