Mathews Company Launches OnDemand Video Tutorials

Crystal Lake, IL – Mathews Company (M-C), a global manufacturer of grain dryers, is launching a series of video tutorials on its website and YouTube® channel as an extension of its M-C University Technical Training program. The purpose of these videos is to provide technical guidance “on demand” and address frequently asked questions by both dealers and end-users.

M-C Technical Training

M-C University currently offers ongoing technical training for its dealers’ service and sales personnel. Expanding the training to include video tutorials that will be available all hours of the day was something dealers felt would be extremely important and helpful to their customers, according to Joseph Shulfer, President of Mathews Company. “While dealers will continue to work with end-users directly to resolve service issues, they overwhelmingly said such videos would be a helpful supplement to the service they are committed to providing their customers,” says Shulfer.
The format of the videos will focus on one specific topic in a 4-6 minute segment, and will include topics such as: setting up and installing M-C Trax (M-C’s remote monitoring system), performing a software update as part of a pre-season check-up and calibrating a moisture sensor. The video tutorials are produced at M-C’s in-house video production studio are managed by Mike Wilke, Director of Engineering and Support Services. “We started with this past season’s most common technical service questions, and created a list of videos that would be most helpful to our dealers and customers. Since we can produce these videos in-house and show quick demonstrations with the equipment, the videos can come together quickly,” says Wilke. M-C plans to release a new video topic each week leading up to the busy fall harvest.
M-C Mark of Excellence Dealer, Troy Low of Agri-Sales in Northwood, Iowa is excited that his customers will be able to view the videos 24 hours a day, 7 days a week not only during the busy harvest time, but also at their leisure when customers are just wanting to learn more about their dryer. “Each year, we get inundated with service calls during harvest, typically when customers are starting their dryers up for the first time of the season,” says Low. “If a customer can view a video tutorial, he will get a detailed, tothe-point answer with a visual demonstration. This will save a lot of time, for us and the customer, which we all know is critical during harvest.”
M-C University OnDemand Video Tutorials can be viewed by visiting http://mathewscompany.com/technical-service/m-c-university-ondemand-training-videos/

 


 

Headquartered in Crystal Lake, IL (U.S.A), Mathews Company has been a leading global manufacturer of high quality innovative agriculture equipment, since 1954, specializing in grain drying.
M-C is committed to “Building for the Future,” striving to provide superior products and unmatched service
through innovation, expertise and quality. M-C dryers are available through authorized dealers worldwide.
The company’s web site is www.mathewscompany.com.

Mathews Company Awarded CSA Certification for New Standards

Mathews Company

Mathews Company

Mathews Company (M-C), a global manufacturer of grain dryers, has been awarded the certification, “CSA Standard for Gas-Fired Equipment for Drying Farm Crops (CSA 3.8-2014)” meeting the new standards for its dryers to operate in Canada. The certification was issued by Intertek, a Nationally Recognized Testing Laboratory (NRTL), which is an independent laboratory recognized by the Occupational Safety and Health Administration (OSHA), to test product safety standards. In October, 2014, the Standards Council of Canada announced a change in certification standards that impacted M-C grain dryers sold in Canada. The purpose of the standards, according to the Standards Council of Canada, is to “…establish accepted practices, technical requirements and terminologies for products, services and systems…Standards help to ensure better, safer and more efficient methods and products, and are an essential element of technology, innovation and trade.” The council announced that all grain dryers must meet the new CSA Standard for Gas-Fired Equipment for Drying Farm Crops (CSA 3.8- 2014) in order to operate in Canada.

Mathews Company’s engineering team worked diligently with Intertek to obtain this certification so that M-C grain dryers could be sold and installed for the 2015 harvest season. “It was a tight timeline as the certification was a process of schematic reviews and on-site equipment inspections,” says Michael Wilke, Mathews Company’s Director of Engineering and Support Services. According to Wilke, the certification covers four of M-C’s dryer series including the Legacy, Infinity, Trilogy, and its 10’ diameter Modular
Tower Series. Approved dryers will carry the official certification mark, as required by the council, to denote that it is a grain dryer that meets Canadian standards.

Intertek confirmed that Mathews Company is one of the first companies to have met the certification standards. According to Wilke, “What this means for our customers is that they can now accept any one of M-C’s approved grain dryers and put them into operation this fall with the confidence that they are designed and built to meet the required CSA standard and they won’t incur the additional costs of having the dryer field inspected and approved to see if they meet the CSA standard.”


Headquartered in Crystal Lake, IL (U.S.A), Mathews Company has been a leading global manufacturer of
high quality innovative agriculture equipment, since 1954, specializing in grain drying. M-C is committed
to “Building for the Future,” striving to provide superior products and unmatched service through
innovation, expertise and quality. M-C dryers are available through authorised dealers worldwide. The
company’s web site is www.mathewscompany.com.

Flour Mills of Nigeria: Financial Charges a Threat

(Originally published on 4th March 2015 at This Day Live)

Goddy Egene writes that high financial charges as a result of huge borrowings by Flour Mills of Nigeria are big threat to the company’s profitability

Flour Mills of Nigeria (FMN) Plc is one of the leading companies listed on the Nigerian Stock Exchange (NSE) and the clear leader among the flour milling industry.  In the food products subsector where FMN is listed, it is the highest priced at N34.50 at the end of February. The closest to it is Northern Nigerian Flour Mills, which closed at N18.05.  The other two flour milling firms, Dangote Flour Mills and Honeywell Flour Mills closed at N3.53 and N2.98 respectively.

Although the three stocks are trading below their 2015 opening values, FMN has a better performance so far as it closed at the end of February with  a decline of 11.9 per cent. Dangote   Flour Mills   shed 22 per cent, while Honeywell Flour recorded a decline of 14 per cent.

Despite the  better market statistics of FMN,   the shareholders of the company  have every cause to worry given  the company’s nine months  results ended December 31, 2014. Its net profit dipped by about 44 per cent in 2014 compared to corresponding period of 2013.
Corporate Profile
Established in September 1960  as a private limited liability company, FMN commenced operations in 1962 with an installed capacity of 600 metric tons per day.  It became a public limited liability company in 1978 and got listed on NSE. Flour Mills has a mill located in Apapa, Lagos which comprises 10 integrated mills.  The company’s shares are 51.5 per cent held by Excelsior Shipping Company Limited, while the balance of 48.5 is held by other shareholders.  The board of directors of FMN is led by Mr. John G. Coumantaros as chairman and Mr. George S. Coumantaros, who is the founder as chairman emeritus. Mr. Paul Gbedebo is the group managing director/CEO.  Other directors are: Alhaji Abdullah A. Abba; Chief James O. Fagbemi; Prof. J. Gana; Alhaji Rabiu M. Gwarzo; Mr. John Katsaounis; Mr. Thanassis Mazarakis; Mr. Atedo N.A Peterside; Mr. F. O. Philips; Alhaji Y. Olalekan A. Saliu; Mr. Folarin R. A Williams Jnr.

Nine months results
FMN ended the nine months with revenue of N244 billion in 2014, up from N240 billion in 2013. Cost of sales went up from N215 billion to N222 billion, while gross profit fell from N24.3 billion to N22.3 billion. Although other operating income grew from N2.7 billion to N4.8 billion, that growth was moderated by a similarly increase in selling and distribution expenses from N3.5 billion to N4.6 billion. Consequently, operating profit fell from N14.75 billion to N14.32 billion. Investment income fell from N4 billion to N3.4 billion. However, finance income rose from N10.5 billion to N15.3 billion.

Despite reducing income tax from N2.418 billion to N401 million, FMN ended the year the period with a lower profit of N3.29 billion, down from N5.9 billion in 2013.
Analysts’ Assessment
Assessing the results of FMN, analysts at Dunn Loren Merrifield said the revenue growth is not in line with demand for flour and associated products.
According to them, the sustained demand for flour-based products, given their increasing use in staple foods –supported by the increasing consumption of the nation’s youthful population.

“In addition, the fact is that there was no major price increases to induce a slowdown in demand for its products during the period. Given this, in our view, FMN was unable to take advantage of the demand as the firm’s market share appeared to gradually wane given the growing competition in the market – on the back of increased flour supply in Nigeria’s flour market. This may have limited FMN’s ability to drive volumes and influence prices that would have impacted revenue growth,” they said.

The analysts, however, said they maintained  a positive outlook on the company as  they  are optimistic that recent investments in core food and agro-allied business would  propel FMN to deliver optimal returns in the medium-to-long term.

“An indication of this is the company’s diversification into food drink production with the introduction of Kool2GO instant powdered drink which is now available for commercial sales. The Kool2GO instant powdered drink comes in sachet size….. This is in addition to the FMN’s snacks and other range of products, like Marios Cheese Balls, Noodies Sweet Snacks and Golden Bites chinchin. In addition, the firm also planned investments in the production and processing of locally grown rice through the participation of local farmers and other stakeholders in the supply chain. The success of these products and investments will boost the overall revenues of the firm and impact on the bottom line in the medium-to-long increase in operating expense depressed operating profit of the company,” they said.

The analysts added that operating expenses of the company depressed operating profit.

“FMN’s operating expenses (selling, distribution and administrative expenses) increased by 4.34 per cent to N12.83billion from N12.30billion in the corresponding period of the preceding year. As a result, core operating profit declined by 21.41 per cent to  N9.49billion, as against N12.1 billion  the previous period.  The growth in operating expense also impacted the firm’s EBIT which declined by 3.00 per cent N14.32billion  in spite of a 80 per cent increase in other income to  N4.83billion.. We note that the growth in operating expenses was largely due to investments on selling and distribution during the period as the firm attempt to enhance marketing and distribution efforts so as to drive higher sales volume. Consequently, operating margin fell to 3.90 per cent from 5.03 per cent in the same period of previous financial year. The increase in operating expenses coupled with a corresponding increase in COS, resulted in total cost/revenue ratio of 96.12 per cent, which is higher than 94.97 per cent recorded in the previous financial year. This implies that, in generating unit of sales revenue in the review period, FMN incurred additional expenses,” they said.

Increased Financial Charges Depressed Profits
FMN finance charges accelerated by 45.10 per cent N15.34billion, as the firm’s gross debt increased by 26.34 per cent to N192.00billion,  from N152 billion.
“We note, however, that the firm’s investments in agro-allied and core food businesses led to increase in borrowings and consequently to high interest expense. In response to the acceleration in finance charges, profit before and after tax fell below expectations.

Specifically, FMN’s profit before tax fell 55.73 per cent to N3.70billion, from N8.35 billion, with a corresponding decline in pre-tax margin to 1.51 per cent compared with 3.45 per cent in the same period of previous financial year. In addition, in spite of an 83.40 per cent decrease in income tax provision, post-tax profit contracted by 44.46 per cent to N3.30billion from N5.93billion in the prior year. Consequently, post-tax profit margin fell to 1.35 per cent from 2.47 per cent recorded in the prior year,” the analysts said.

Borrowings Increase Leverage Position

The increase in debt has led to an increase in debt-to-equity ratio from 1.82x  to 2.40x indicating growing balance sheet leverage. In addition, debt-to-assets ratio increased marginally to 0.59x from 0.51x in 2014.

“This implies that the company financed 59 per cent of its assets with debt. The debt-to-assets ratio is high but still within acceptable levels. In addition, assets-to-liabilities ratio, another measure of solvency, came in at 1.33x from 1.39x in 2014. The ratio remains at a moderate level in our view and suggests that the firm’s assets can sufficiently cover its total liabilities in the medium-to-long term if effectively utilized. The moderate debt/assets ratio led us to the conclusion that the firm has a moderate risk profile but can repay its long term loans, interests and meet other financial obligations,” they said.

 

(Originally published on 4th March 2015 at This Day Live)

Flour Mills of Nigeria plc

Flour Mills of Nigeria plc

Perstorp acquires Chemko’s calcium formate and penta businesses

International Milling Directory member, Perstorp, a world leader in specialty chemicals, announces the acquisition of the penta and calcium formate businesses from Chemko a.s. Strážske, a Slovakian chemicals producer. The transaction is part of Perstorp’s ambitious investment plan to increase polyol and calcium formate capacity.

 

Perstorp has signed an agreement with Chemko a.s. Strážske for the acquisition of its penta and calcium formate businesses, related technology and certain assets. It does not include the manufacturing plant in Strážske, Slovakia, any real estate or employees. The transaction is fully in line with both companies’ strategies going forward. For Perstorp, this is part of an ambitious investment plan to increase its polyol production and presence on the calcium formate market.

Ulrika Andersson, VP Business Unit Penta, says,


“Perstorp plans to satisfy all customer needs out of the plants we are running at present and we will have sufficient capacity to supply

both our current and new customers. Going forward, we plan to further increase capacity to support our customers’ long-term growth”,

Calcium formate is a source of highly digestible calcium for farm animals and it has antimicrobial properties in feed. A lowered pH-value in the feed supports the acidification of the stomach contents. Perstorp markets its feed grade calcium formate as ProPhorce™ AC 200.

The polyalcohol Penta is used in applications such as alkyd resins, PVC stabilizers, synthetic lubricants, varnishes, and other products. Perstorp is now producing Penta in three different production plants in Germany, the US and Sweden.

Major Australian Poultry Processor Contracts for Battelle’s PRIA™ to Help Fight Salmonella and Campylobacter Outbreaks, Improve Food

COLUMBUS, Ohio (Jan. 27, 2014)—Battelle’s unique software modeling program, PRIA, will soon be put to use in Australia to help manage the risk of salmonella and campylobacter outbreaks in poultry.

Baiada Poultry is one of Australia’s largest poultry companies, providing products throughout the country. Battelle will customize the software for Baiada, which will integrate it into operations.

View a video about Battelle’s PRIA software. “A recent Consumer Reports investigation in the U.S. found contamination in 97 percent of the chicken it tested,” said Battelle Research Leader Brian Hawkins. “Clearly it’s a risk for the companies around the world trying to provide safe products, and to the consumer who wants to eat safe food.”

Baiada’s Anthony Pavic, Chief Scientific Officer and Regulatory Affairs Manager, said he believes PRIA is the right tool that will help improve on current methods. “PRIA will let us move away from spread sheets and let us perform high quality assessments that are quicker, more mathematically robust, and better documented for regulatory purposes.”

PRIA, which stands for Probabilistic Risk Informed Analysis, is a software and modeling tool that allows food safety and defense professionals to proactively assess the effectiveness of mitigation strategies—before an event occurs.

The software was inspired by concepts developed by Battelle. As part of its expertise in working on chemical and biological defense, scientists and engineers have worked to evaluate planned responses to incidents ranging from biological and chemical attacks in public gatherings to the purposeful contamination of a water supply.

PRIA uses powerful mathematical algorithms to perform rapid simulations that take into account all the variables involved in the process, down to the granular level in order to help pinpoint areas of risk.

While currently customized for the poultry processing industry, PRIA can be adapted to address other foods with common contamination concerns, such as those that occur in the leafy greens and beef industries. PRIA is an effective, quantitative software tool for food companies to align with future regulations calling for risk-based assessments, such as those anticipated in the Food Safety Modernization Act (FSMA).

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most.

At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.

Media Contacts

For more information contact Katy Delaney at (614) 424-7208 or delaneyk@battelle.org, or

T.R. Massey at (614) 424-5544 or masseytr@battelle.org.

20140127-225747.jpg

nabim to play their part

The good partner of the International Milling Directory, nabim (National Association of British and Irish Millers) have launched a new flour milling training advertising campaign and are including the new edition, the 22nd edition for 2013/14 of the International Milling Directory.

We are really pleased to be featuring this campaign and nabim playing a full part in the new edition of the International Milling Directory. The new edition will feature a foreward by Alexander Waugh, Secretary General of nabim discussing the merits and appeal for millers of nabim in the feed and flour industries. See nabim in the International Milling Directory here: https://www.internationalmilling.com/company_3095.html


nabim is the representative organisation for the UK flour millers and represents virtually 100% of the industry, which uses around 5 million tonnes of wheat a year to produce 4 million tonnes of flour.

nabim works closely with plant breeders, farmer organisations, agronomists, levy boards, research communities, grain merchants, bakers, government departments and others on a broad range of issues including wheat breeding and agronomy, food safety, training and health and safety, environmental matters, competitiveness and trade matters.

FineTek join as a new advertiser

The International Milling Directory can today announce that the Taiwan-based firm FineTek have enhanced their listing to include advertising. After introducing them on December 19 2012 we have been steadily making progress in creating a better directory where more companies see the value of advertising. The international reach of the directory is a good match for FineTek.  There will be extra listings and exposure for FineTek in the 22nd edition covering the milling industry for 2013/14.

As we said at the time of introducing FineTek their main business is,

FineTek’s product line includes a varied and wide quantity of digital controllers and meters, pneumatic products, safety instruments,  level switch transmitters for solid and liquid applications.

We obviously welcome more interested advertisers from our current members and interested new companies.

Registration is also still open for the new edition – register or update your listing in time for July’s publication of the new edition of the International Milling Directory 2013/14 –  click here!

Website updates

IMD

                                                  IMD

The International Milling Directory website will be getting a series of updates. This site has provided a great channel for all other online exposure for International Milling Directory members and we seek to improve it further. We will make the online site a better experience but wanted to invite and include members in with this change too. It comes when we are well into updating the new print edition with new members and advertisers. Any suggestions can be emailed to Tom at tomb@perendale.co.uk.

The website will be fully functional whilst the changes are being made so have no fear in going there now.

New member companies and updates to the existing records can be made at www.internationalmilling.com. Join now to be in the 22nd print edition and be a part of it.

Advertising and marketing opportunities are available as well. Please click HERE to download the 2013/14 Media File for for more information contact Tom Blacker, Directories Co-ordinator on:

Direct Line: +44 1242 267703
Fax: +44 1242 267701
Email:tomb@internationalmilling.com

Introducing Jiangsu Myande Food Machinery Co.,Ltd

 

Jiangsu Myande {Image credit: Tradekey}

Jiangsu Myande {Image credit: Tradekey}

The International Milling Directory welcomed its newest member to end a busy week. Jiangsu Myande Food Machinery Co.,Ltd is a small offshoot of the Muyang group of Jiangsu, China. We have an excellent relationship and partnership with Muyang already that means their coverage has been and will be again one of the top advertisers in the International Milling Directory‘s 22nd edition this year in 2013. Who knows where 2013 will lead for Myande?

Myande’s company synopsis reads as follows,

 

Jiangsu Myande Food Machinery Company Ltd (Myande) is a company that specializes in manufacturing edible oil and starch processing machinery and undertakes engineering projects in these two areas, with “Myande” as its brand name.

 

Their entry on the International Milling Directory Online has just been approved – check it out HERE!

Don’t forget – register or update your listing in time for the July publication of the new edition of the International Milling Directory 2013/14 –  click here!