FBA Issue 34: September / October 2010
Pancosma opens new office in Russia
Following the successful launch of Pancosma China (Shanghai) in 2009, the company has recently completed the inauguration of Pancosma Russia.
Located in Moscow, this new office will headquarter an enlarged sales and marketing organisation servicing all Russian territories.
According to Ronald Kraft, Pancosma's north and eastern Europe sales manager, two main reasons motivated the Moscow office's founding. First, it gives Pancosma greater flexibility in supplying services to the Russian market and a capacity to react quickly to customer needs. Second, it will be a first step to establishing local production for the fast growing Russian market.
To prepare for entry into the Russian market, an increasing number of patent registrations have been already carried for leading Pancosma products. These include SUCRAM®, a patented sweetening palatant, XTract Dairy and XTract Poultry, a microencapsulated plant extract combination for lactating ruminants and poultry, B-TRAXIM 2C Se, an organic trace mineral line and Carbovet , which acts as a natural toxin binder.
CP to invest US$45M in Philippine animal feed sector
According to the Philippine ambassador to Thailand, Linglingay Lacanlale, Thai conglomerate CP Group is investing US$45 million in the Philippine animal feed industry.
After a meeting between the ambassador and Pinij Kungvankij, senior vice president of Charoen Pokphand Foods, Kungvankij said the investment will bring in leading edge capital and technologies that made Thailand the biggest exporter of white shrimp in the world.
To actualize these investments, CP Group established Charoen Pokphand Foods Philippines Corporation to build the feedmills that will manufacture shrimp and fish feeds for the Philippine market.
The group also plans to establish pig farms and hog feed manufacturing facilities. According to the statement, the Philippine Board of Investments has already approved the incentives for the CP Group.
DuPont's GM soy gets USDA approval
DuPont seed subsidiary Pioneer has obtained USDA approval for mass cultivation of its Plenish™ high oleic soy trait.
DuPont's Plenish™ high oleic soy contains the highest oleic acid content (more than 75%) of any soy product under commercial development. This significantly increases the oil's stability. It also provides greater flexibility in food applications while yielding a product with zero grams of trans fatty acids, which have been outlawed in many jurisdictions. Plenish™ high oleic soy oil also has 20% less saturated fat than commodity soy oil, making it a more attractive ingredient for consumer food products.
Field testing has confirmed yields on par with elite commercial products. Pioneer will launch the high oleic soy trait in its industry-leading line-up of Pioneer® brand Y Series soy varieties. Plenish™ high oleic soy will be grown under contract for ongoing field and oil testing in the US and Canada in 2010 and 2011. Full commercialisation of the trait is anticipated in 2012, upon global regulatory approvals and ongoing field testing.
New ADM soy crushing plant ups output 25%
Archer Daniels Midland Co. (ADM) CEO Patricia Woertz said on August 2 that the company commenced construction of a new soy crushing facility in Paraguay that will increase South American capacity by 25%.
Woertz said the facility would be operational by 2012 and have a daily output of 330 tonnes.
She said during a post-earnings conference call that the new plant was part of its goal of increasing soy crushing margins at annual growth rates of 7%-10%. That would be double the predicted growth for soy crushing.
In addition to constructing new plants and capital, ADM plans to expand soy processing operations via organic growth and acquisitions from the present time through to the end of 2012.
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