16/01/13: Intersystems buy out; Russian poultry drive increases soybean meal demand; FAO and IFIF launch Chinese manual

News from the milling world on a very chilling Wednesday in the in UK:

Material handling equipment manufacturer Intersystems has been bought by the Pritzker Group for an undisclosed price.

"We see great opportunities for Intersystems in the world grain and feed markets,” says Tom Schroeder, chief executive officer, Intersystems.  

"The resources of The Pritzker Group will ensure our continued growth by helping us add new products and services to better meet the needs of our customers." "Intersystems has grown significantly under Tom and his team’s stewardship, and we are proud to partner with them,” says Michael Barzyk, vice president, Pritzker Group.  “Intersystems serves as a great example of our strategy to invest in leading companies serving the global agricultural market" More information...

Russian government programmes designed to up poultry and livestock production are fueling  increased demand for soybean meal used in feed, according to Bloomberg. Soybean meal use in the country may rise by 4.5 percent in the 2012-13 season to a record 2.35 million metric tons. Read more... 

The Food and Agriculture Organization of the UN (FAO)  and The International Feed Industry Federation (IFIF) have launched a Chinese language version of the 'Feed Manual of Good Practices for the Feed Industry'.  The Feed Manual, the first of its kind, was published by IFIF and FAO to increase safety and feed quality at the production level, and was officially presented in Rome at FAO Headquarters to the Chinese Feed Manufacturers Association (CFIA).

Alexandra de Athayde, IFIF Executive Director, says, “the Feed Manual is designed to increase safety and feed quality at the production level both for industrial production and on farm mixing.” ms de Athayde added, “We are very pleased that we have launched the Chinese language version of the Feed Manual. China is the number one producer of animal feed today and only by working together can we continue to ensure feed and food safety, while meeting the demands of 60 percent more food for 9 billion people by 2050 and to do so sustainably.”
The English and Chinese versions of the Feed Manual are available for download here. An Arabic, French and Spanish language version of the Manual will be launched later in 2013. 

Soybean Sky (Photo credit: Clearly Ambiguous)

06/09/12: Intersystems; Nutreco; Exosect

Hello, 
Today we have a company update themed daily digest.  

• Intersystems announces plans to add 35,000 square feet of manufacturing space to the company’s Omaha, Nebraska facility, a decision necessary in order to meet growing demand for the company’s products.
  
  
  Intersystems designs and manufactures material handling, sampling and weighing equipment used in grain, feed and processing facilities worldwide. Intersystems has experienced tremendous growth in recent years as a result of outward dedication to customer’s needs.  More information...

• Exosect’s  bio-pesticide for tackling post-harvest food waste and insecticide residues has been shortlisted for the Agrow Awards.  Read more... 

• Nutreco has successfully amended its EUR 500 million syndicated loan facility. The maturity of this revolving credit facility has been extended from May 2014 to September 2017. In addition, the interest and fee conditions have been improved. 
  
  
  Gosse Boon, CFO and member of Nutreco's Executive Board: "The extension of the syndicated loan facility follows the successful issuance of a USD 250 million private placement in July 2012, which together provide further support to the execution of our strategy 'Ambition 2016 - driving sustainable growth'. The transaction was well oversubscribed and has been closed with a newly formed syndicate of existing and new international relationship banks."
  More information...

English: Nutreco logo Nederlands: Nutreco logo (Photo credit: Wikipedia)

New! GFMT Article: The modern world of bulk weighing

Fast, reliable and flexible: welcome to the modern world of bulk weighing.  Bulk weighers get a thorough examination by Ray Vrtiska, Intersystems, USA in GFMT May/June 2012.
Read the full article here.

Grain (Photo credit: peter pearson)