The mv Adriana Rose travelled directly from Glencore’s crushing facility in Argentina.
In October, Glencore Grain, a subsidiary of Glencore, announced the launch of an animal feed products marketing business in the U.K. The business will provide feed compounders and manufacturers with direct access to the company’s global resource of raw materials.
“Glencore has managed every step of the supply chain, across more the 6,500 miles of the Atlantic through to the end-consumer in the U.K.,” said James Maw, Glencore U.K. managing director. “It gives quality assurance and traceability from buying the soya beans direct from farms in Argentina, through the Glencore crush facility at Timbúes, to arranging shipment by our freight division in Rotterdam and into our store in Teesport.”
The Timbúes facility in Argentina is currently crushing more than 21,000 tonnes of soybeans per day. For the U.K., the mv Adriana Rose carried a segregated cargo of high-protein soybean meal and high-fiber soya bean hulls.
“With our well-proven transport network, we can now arrange cost-effective distribution to mills and compound feed producer across all the main livestock areas of the U.K.,” Maw said.
Maw said Glencore had worked closely with PD Ports in the U.K. to develop the warehousing facility at Teesport to full TASAC and UFAS standards accreditation, alongside the deep-water berths and high-capacity handling facilities to enable such significant imports.
He reported the distribution store at Teesport would be open five days a week, and on Saturdays by arrangement, in a move requested by customers to facilitate more efficient transport and mill operation.
“The new Glencore feed business, working with Mercury Commodities, is focused on supplying high quality feed ingredients and providing the highest levels of customer service,” he said. “With the new facility at Teesport, plus Portland in Dorset on the south coast and the nationwide Glencore Grain operation, we are in an excellent position to supply the industry with feed ingredients and grow the business in the future.”
Glencore Grain has been trading since 1969 and has 180,000 employees at more than 150 locations. In 2014, the company had a turnover of $224 billion and total assets of $152 billion.
In September 2015, Glencore Plc announced it was seeking investors in its agriculture unit as part of a plan to reduce its $30 billion debt by $10 billion. In December 2015, the company said it already had reduced debt by $8.7 billion and had revised its debt reduction target to $13 billion.
Glencore Plc announced on April 6 that the Canada Pension Plan Investment Board (CPPIB), Canada’s largest pension fund, plans to purchase a 40% equity interest in Glencore Agri for $2.5 billion. On June 8, the company entered a definitive agreement with British Columbia Investment Management Corp. for the purchase of a 9.99% stake in Glencore Agricultural Products for $624.9 million payable in cash upon closing.
Glencore Agri is a differentiated and vertically-integrated business focused on the global agricultural products value chain, Glencore said. Built around a network of high-quality origination and logistics assets, comprising over 200 storage facilities, 31 processing facilities and 23 ports, Glencore Agri is well-positioned in key export regions and in the trade of major agricultural commodities, including grains, oilseeds products, rice, sugar, pulses and cotton.