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Tag Archives GrainsConnect

Barley, Crops

GrainCorp’s global malting spinoff gets shareholders’ blessing

Canada Malting to go to new owner, United Malt Group

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Shareholders in the Australian owner of Canada’s biggest malt company have voted nearly all in favour of a spinoff for their worldwide malting assets. During their general meeting Monday in Sydney, participating shareholders in GrainCorp voted over 99 per cent in favour of resolutions which will see the company’s malt business become a standalone ASX-listed […] Read more
GrainsConnect Canada’s Huxley grain terminal.
News

GrainsConnect Huxley grain terminal open for business

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GrainsConnect Canada’s new grain terminal in Huxley is now open — the fourth new terminal built by the joint venture of Australia’s GrainCorp and Japan’s Zen-Noh Group. (Another is in Vegreville along with two in Saskatchewan.) At full operation, the terminal will load over 130 rail cars in under 14 hours. In a news release, […] Read more
Crops, Reuters

Suitor quits bid for Australia’s GrainCorp

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Sydney | Reuters — Australia’s largest-listed grain handler, GrainCorp Ltd., said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion (C$2.26 billion) takeover bid after due diligence, pushing shares to five-month lows. GrainCorp stock dropped 11 per cent at the open of trade on Tuesday to hit close to where it stood preceding […] Read more
Crops, Reuters

GrainCorp says offer not certain enough to make recommendation

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Reuters — Australia’s GrainCorp Ltd. on Wednesday said it was providing suitor Long-Term Asset Partners (LTAP) due diligence to put forward a more certain proposal. The country’s largest listed bulk grain handler earlier on Dec. 3 received a buyout proposal from little-known asset manager LTAP in an all-cash deal for A$2.38 billion (C$2.303 billion), or […] Read more
Crops, Machinery & Shop

GrainsConnect hops aboard P+H port terminal project

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Updated Jan. 4, 2019 — Winnipeg grain firm Parrish and Heimbecker’s plans for a new West Coast port terminal again have a joint venture partner. Calgary-based GrainsConnect Canada, itself a joint Prairie grain handling venture between Australia’s GrainCorp and Japan’s Zen-Noh Grain, announced Wednesday it now has a formal 50-50 partnership agreement with P+H to […] Read more
News

GrainsConnect inland terminals opening in 2019

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GrainsConnect Canada’s new inland terminal at Vegreville will open in spring while its one at Huxley will open in fall 2019, the company says. GrainsConnect is a joint venture of Australia’s GrainCorp and Japan’s Zen-Noh Group, one of the world’s largest co-operatives. It has already opened two inland terminals in Saskatchewan. All four have a […] Read more
GrainsConnect Canada’s new elevator in Huxley will be similar to this one under construction in Maymont, Sask.
News

Global grain companies like what they see in central Alberta

GrainsConnect Canada is building a new $30-million elevator at Huxley 
while Agrocorp is expanding its Innisfail operation

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The investment in Alberta grains sector continues. GrainsConnect Canada has announced its second elevator for the province while Agrocorp Processing is moving ahead with a $6.5-million expansion of its local grain- and pulse-handling facility. “What we are actually doing is building a new plant beside the old one,” said Colin Topham, Agrocorp’s managing director, adding […] Read more
Crops

GrainsConnect picks second Alberta terminal site

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The joint venture between Australia’s GrainCorp and Japan’s Zen-Noh Grain is taking its Prairie grain handling model to southern Alberta. GrainsConnect Canada announced plans Thursday to build a fourth Prairie high-throughput grain terminal on Canadian National (CN) Railway track at Huxley, Alta., about 75 km southeast of Red Deer. The company — which expects to […] Read more
Crops

Viterra plans new eastern Alberta elevator

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Glencore’s Prairie grain handling arm Viterra plans to stake a new claim in the northeastern Alberta market with a new high-throughput elevator at Vegreville. The company announced Monday it has picked up the necessary regulatory approvals and expects to start construction along Canadian National Railway (CN) track this spring. The elevator is expected to have […] Read more
Crops, Markets

Japanese co-op, Canada Malting owner make Prairie grain play

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A major Japanese farm co-operative and the Australian owner of Canada Malting are staking a new joint claim in Canada’s Prairie grain handling sector. Tokyo-based Zen-Noh Grain Corp. (ZGC) and Sydney-based GrainCorp on Monday announced plans to build new grain origination sites in Alberta and Saskatchewan, through a 50/50 Canadian-incorporated joint venture to be based […] Read more

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