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Company Information for Graincorp Limited
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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 operates over 250 grain accumulation sites, receiving and storing grain for growers in Queensland, NSW and Victoria.
GrainCorp’s business comprises storage and handling of grain and bulk commodities, grain and protein meal supply, flour milling and sale of farm inputs. GrainCorp operates primarily in Eastern Australia, across Queensland, New South Wales and Victoria. GrainCorp also has a range of services stretching across all mainland Australian states, and relationships with customers and suppliers around the world.
GrainCorp is focused on servicing the needs of domestic and international stockfeed, human grain and oilseed consumption and bulk commodity customers.
GrainCorp’s integrated and diversified infrastructure network and services enables the company to generate value along the whole supply chain and provide value added services to growers and other customers.
We offer ‘site to customer’ and ‘site to port’ supply chain solutions for domestic grian consumers and grain exporters.
GrainCorp also provides grain and bulk commodity export and import services at 9 port terminals: from Mackay (Queensland) to Portland (Victoria).
GrainCorp is the dominant joint venture partner in Allied Mills, Australia’s largest flour miller.
Allied Mills operates 10 flour mills and supplies a full range of flour-based products to supermarkets, the food service sector and the baking industry.
GrainCorp is the major supplier of grains to Allied Mills. ‘Mill run’ (bran & pollard) is a by-product of flour milling and is a major stockfeed milling input.
Hunter Grain, acquired by GrainCorp in 2007, imports and distributes protein meals from North and South America, and palm kernel and corn gluten from Asia, for poultry, dairy, pork, feedlot and other stockfeed customers.
Hunter Grain operates meal import and distribution centres at Kooragang Island (Newcastle), Brisbane, Geelong and Perth.
Community
The GrainCorp Foundation was formed in late 2000 as an initiative of the GrainCorp Board, with the mission to represent the Company's social responsibility to rural and regional communities.
The Foundation seeks to create and support opportunities that build on the initiative and potential of rural people in developing and growing the communities in which GrainCorp staff, shareholders and customers live and work.
Each year the Foundation allocates funds, a percentage of net profits, towards worthwhile projects.
Unfortunately the ongoing drought has meant the GrainCorp Foundation will not conduct a funding round in 2008, however, with the season picking up we are looking forward to being able to re-open applications in March 2009.
The GrainCorp Foundation was developed to build and support innovative and enduring programs in four key areas:
*Education
*Health
*Youth development
*Community development
Products and Services Overview
GrainCorp has over 20 million tonnes of permanent and bunker storage, nine port terminals, more than 250 upcountry silo sites and a network of service centres selling farm inputs across the east coast of Australia.
We are committed to servicing the needs of growers and the domestic and international grain markets. The strength of our infrastructure network and the diversification of services we provide places us in a unique position to provide value to our customers.
Current Operations
What we offer:
Research and Development
• GrainCorp is involved in seed breeding, research and development and commercialisation through Australian Grain Technologies Pty Ltd (AGT).
Storage and Handling
• easy access, modern, convenient warehousing facilities
• improved traffic management flows
• an open marketplace at all sites
• local buyers post prices at all sites
• permanent storage facilities
• the capability to store multiple segregations
Grain Marketing
• services that help you achieve the best possible marketing outcomes
• offers cash, forward prices, pools and a range of risk management services
• traders/marketers, logistic and administration professionals work together to add value to your business
• flexible harvest loans
Farm Inputs and merchandise
• supplies quality cropping inputs at very competitive prices
• focus on agricultural chemicals, broad acre seed and fertilisers
• expanding into animal health products, agronomic services and general merchandise
Transport
• road and train business moves grain and a range of bulk products
• ‘one way running’ is kept to a minimum
• cost saving to customers through competitive pricing
• single contact for all transport requirements
Ports
• a total of nine ports
• provide receival, stock management and bulk and container export handling facilities for a range of grain and non-grain bulk products
Allied Mills
• our primary processing business
• a leading Australian flour milling and mixing business
• operates at 12 sites throughout all mainland states
Domestic Customers
• GrainCorp provides grain storage, marketing and transport services for a diverse group of domestic customers.
International Customers
• GrainCorp Marketing supplies grain and oilseeds to international customers throughout Asia, Europe and the Middle East.
Geographical Spread
Australia
Board of Directors and Key Management
| Mr Don Taylor | (Chairman) |
| Mr Daniel James Manglesdorf | (Deputy Chairman) |
| Mr Mark Irwin | (Managing Director, CEO) |
| Mr Daniel James Mangelsdorf | (Director) |
| Mr David Groves | (Non Exec. Director) |
| Mr David B Trebeck | (Non Exec. Director) |
| Mr Peter John Housden | (Non Exec. Director) |
| Mr Tony Scott | (CFO) |
Company AddressTower 1, Level 17, 201 Sussex Street
|
Additional Address/Key ContactGrainCorp Company Secretary |
Nominated BrokersABN AMRO Morgans Limited |
Major Shareholders
| Grain Growers Association Ltd. | 8,824,035 | 13.7% |
| Investors Mutual Limited | 6,441,082 | 10.0% |
| Ellerston Capital Limited | 3,240,110 | 5.0% |
| DFA Australia Ltd. | 1,746,007 | 2.7% |
| Groves (David Fredrick) | 1,591,739 | 2.5% |
| Colonial First State Global Asset Management | 1,545,663 | 2.4% |
| Taylor (Nicholas Burton) | 1,300,218 | 2.0% |
| Deutsche Asset Management Americas | 1,201,163 | 1.9% |
| DWS Investment GmbH | 1,054,583 | 1.6% |
| Dimensional Fund Advisors LP | 927,687 | 1.4% |
Most Recent Statement
30/10/08 - Managing Director`s Short and Long Term Incentive Plan29/10/08 - Change of Director`s Interest Notice x 4
14/10/08 - GrainCorp launches Harvest 08 Wheat, Barley and Canola Pools
18/09/08 - GrainCorp FY 2008-09 receival outlook.pdf
27/08/08 - Finalisation of Offer for Ridley Corporation
11/08/08 - GrainCorp - CHS Durum Marketing Alliance