In 2016, GrainCorp celebrated 100 years of growth. We’re proud of our Australian heritage, but we are even prouder that we’ve grown with our customers into a leading international agribusiness with increasing expertise and assets in agrifood processing.
This video shares our journey from our origins as a New South Wales bulk grain handler to where we are today as Australia's largest listed agribusiness with our sights firmly focused on an exciting future.
The foundations on which we've built our business are the same qualities that are carrying GrainCorp into the future, with our customers at the heart of all that we do.
As one of Australia's leading grain exporters, GrainCorp owns Eastern Australia's largest integrated grain storage and transport network. Our diversified operations span four continents and the global food supply chain. Our traceable supply of quality grain and value-added food processing capabilities mean GrainCorp's products and expertise are sought by leading food manufacturers in over 30 countries.
At GrainCorp we're looking forward to an exciting second century of growth, working as partners with local growers, regional communities and our customers around the world.
In 2016, GrainCorp celebrated 100 years of growth, built on collaborative partnerships with customers and growers around the world.
Today we are proud to be a leading international agribusiness with diversified operations that span four continents and the global food supply chain.
The NSW Grain Elevators Board (GEB) — the business that would later become GrainCorp — was established by the NSW Department of Agriculture in 1916 to modernise grain handling in Australia. At the time, grain was still being manually handled in hessian sacks — an expensive and time-consuming process in an increasingly mechanised world.
The commissioning of Australia's first bulk grain export terminal in Glebe and a network of country elevators around the state laid the foundations for Eastern Australia's largest grain handling and storage network, connecting rural communities by rail to eastern seaboard ports. The network was managed by the GEB until 1992, when the business was privatised and re-named GrainCorp.
Today, Our Australian storage network expands over 3,000km down the east coast of Australia, with a combined storage capacity of 20 million tonnes. Seven bulk grain export elevators carry an average of 5 million tonnes of grain each year.
In 1996, we became the first bulk handler to trade grain within Australia with the establishment of GrainCorp Marketing. Today, GrainCorp is represented in all major grain growing regions of Australia while international markets are served through global offices in North America, the UK, Europe, China and Singapore.
In 1998, we were listed on the Australian Stock Exchange, which signalled the beginning of strong growth through acquisition.
The purchase of Vicgrain in 2000 and Queensland company Grainco in 2003 expanded our operations along Eastern Australia.
The deregulation of Australian wheat exports in 2008 provided global opportunity and the chance for diversification.
Our position as one of the world's top four commercial maltsters began when GrainCorp Malt was formed following the acquisition of United Malt Holdings in 2009. With operations in Australia, New Zealand Canada, USA and the UK, our quality and expertise is sought by leading global brewers as well as the craft beer and distillery sectors. To meet growing demand, we recently expanded our North American malt production capacity through a $US75 million investment in our Great Western Malting facility in Pocatello, Idaho USA. In 2017 Cryer Malt joined GrainCorp Malt to service the growing craft beer movement in Australasia and expand our foot print into New Zealand.
Further diversification through acquisition led to the establishment of GrainCorp Oils in 2012. We are proud to be the largest integrated edible oils business in Australia and New Zealand, producing a wide range of quality food and animal feed products including specialist ingredients for infant nutrition. We have also invested $125 million to create a state-of-the-art processing hub in Victoria for refining and distributing oilseed products.
Ongoing innovation and investment ensures we are creating new opportunities for growers and customers in Australia and around the world. In a joint venture with the Zen-Noh Grain Corporation of Japan, we are developing a game-changing supply chain model in Western Canada that builds on global demand for quality grain and oilseed products. Closer to home, GrainCorp continues to set the pace for the Australian grains industry with innovative technology and marketing initiatives connecting Australian growers and customers to a world of opportunity.
Innovation, integration and partnership are the foundations on which we are growing into our second century with customers at the heart of all that we do.
GrainCorp’s Strategy, Vision & Values embody who we are, what we do and where we’re going in the future.
Our Vision is a statement of what we want to become and our Strategy defines how we will get there.
Underpinning it all are our Values. They are pivotal in defining our culture – they guide how we behave, the decisions we make and the relationships we have with each other, our customers and external stakeholders.
To be a leading international agribusiness, as our customers’ preferred partner.
To focus on and strengthen our core business. This includes pursuing growth opportunities, delivering a return on our capital investments, expanding our grain origination footprint and improving our efficiency.
Graham Bradley assumed the role of Chairman of the GrainCorp Board on 1 May 2017. Mr Bradley is currently Non-Executive Chairman of HSBC Bank Australia, EnergyAustralia Holdings and Virgin Australia International Holdings. He is also a Director of HongKong and Shanghai Banking Corporation Limited, GI Dynamics, and Stilmark Pty Ltd. In July 2013, he was appointed Chairman of Infrastructure NSW. Mr Bradley has had a distinguished career in business, including eight years as Managing Director of Perpetual Limited and senior roles at Blake Dawson and McKinsey & Company. He was President of the Business Council of Australia from 2009-2011 and the former Deputy President of the Takeovers Panel. He is a member of the Advisory Council of the Australian School of Business at UNSW. Mr Bradley was made a member of the Order of Australia in 2009 in recognition of his contribution to business, medical research and the Arts.
Mark Palmquist joined the GrainCorp Board as Managing Director & CEO in October 2014. He was previously Executive Vice President and Chief Operating Officer, Ag Business, for CHS Inc., a leading global agribusiness, diversified in energy, grains and food. He has held a variety of leadership roles for a broad range of CHS agricultural inputs and marketing areas, retail businesses and grain-based food and food ingredients operations. Mr Palmquist was previously a Director of Rahr Malting, a leading US maltster, and a Non-executive Director of Allied Mills Australia Pty Ltd until his resignation in March 2017.
Rebecca Dee-Bradbury joined the GrainCorp Board in September 2014. Ms Dee-Bradbury is Chair of the People Remuneration and Nominations Committee and a member of the Board Audit Committee. She was previously Chief Executive Officer/President Developed Markets Asia Pacific and ANZ for Mondelez from 2010 to 2014. Ms Dee-Bradbury is a Non-executive Director of BlueScope Steel Limited and Australian Foundation Investment Company Limited, and was previously a Non-executive Director of Tower Limited until her resignation in 2016. Ms Dee-Bradbury is also a Director of EnergyAustralia Holdings following her appointment in April 2017. Ms Dee-Bradbury is an inaugural member of the Business Advisory Board at Monash Business School. She brings to the Board significant experience in strategic brand marketing, business integration and transformation, customer relationship management and innovation.
Barbara Gibson joined the GrainCorp Board in March 2011. Ms Gibson is Chairman of the Safety Health Environment and Governance Committee and is a member of the Business Risk Committee. Ms Gibson is an experienced executive having spent 20 years with Orica Limited, and is a member of the Institute of Company Directors. She is also a fellow of the Australian Academy of Technological Sciences and Engineering, and Chairman of Warakirri Asset Management Pty Limited. In 2003, Ms Gibson was awarded a Centenary of Federation Medal for services to Australian Society in Medical Technology. Ms Gibson was previously a Non-executive Director of Nuplex Industries Limited until her resignation in September 2016.
Peter Housden joined the GrainCorp Board in October 2008. Mr Housden is Chairman of the Board Audit Committee and a member of the Business Risk Committee. He is a Director of Alliance Aviation Services Limited. He was previously the Chairman of Royal Wolf Holdings Limited until his resignation in September 2017, a Director of Seeing Machines Limited until his resignation in July 2017, and a Director of Lincor Limited until his resignation in December 2016. Mr Housden is the Chairman of the Audit and Risk Committee for Sydney Trains (NSW Government). He has extensive experience acting on public company boards.
Dan Mangelsdorf was first elected as an independent Director of GrainCorp Limited in 2008, after having served an earlier term on the Board as a major shareholder representative. Mr Mangelsdorf is Chairman of the Business Risk Committee and a member of the Board Audit Committee. Mr Mangelsdorf owns and operates farming interests in NSW, and is an experienced public company director with agricultural, supply chain, international trade and risk management expertise. He is also the Non-executive Chairman of Warakirri Agricultural Trusts, and a Non-executive Director of Warakirri Asset Management Pty Ltd
Donald McGauchie re-joined the GrainCorp Board in December 2009 (having previously served during the period from October 2000 to July 2003). Mr McGauchie is a member of the People Remuneration and Nominations Committee. He is also Chairman of Nufarm Limited, Chairman of Australian Agricultural Company Limited, and Chairman of the Australian Wool Testing Authority. Mr McGauchie has farming interests and extensive experience acting as chairman and director on public company boards.
Peter Richards joined the GrainCorp Board in November 2015. Mr Richards was formerly the Managing Director of Norfolk Group Limited in 2013, and Managing Director and Chief Executive Officer of Dyno Nobel Limited from 2005 to 2008, having held various senior positions in the company both in Australia and the United States since 1990. Mr Richards is a member of the Board Audit Committee and the Safety Health Environment and Governance Committee. Mr Richards is also the Chairman and Non-executive Director of EMECO Holdings Limited. Mr Richards resigned as Chairman of NSL Consolidated Limited in April 2017, but continues as Non-executive Director. He also resigned from the Board of Baralaba Coal Company Limited in September 2017. He has over 35 years business experience with global companies, having worked in operational and business development roles in Australia, the United Kingdom and the United States.
Simon Tregoning joined the GrainCorp Board in December 2008. Mr Tregoning is a member of the Safety Health Environment and Governance Committee and a member of the People Remuneration and Nominations Committee.
Mr Tregoning was previously a Director of Capilano Honey Limited until his resignation in November 2018. Mr Tregoning was previously Vice-President of Kimberly Clark Corporation, has extensive overseas senior executive experience and is an experienced company director.
Alistair Bell was appointed Group CFO in November 2010. Mr Bell leads the international finance, treasury, investor relations and shared services. Prior to joining GrainCorp, Mr Bell held various CFO, COO and strategy positions with public, private equity and multinational companies spanning various industries. He is a Director of Alzheimer’s Australia NSW, and a member of its Investment Committee and Chairman of its Audit & Risk Committee. Mr Bell is also a director of GrainCorp subsidiary companies.
Klaus Pamminger was appointed Group General Manager Grains in August 2017 and is responsible for the Grains Operations and Trading businesses in Australia, Singapore, China, Europe and Canada. Mr Pamminger joined GrainCorp in 2007 and prior to this he worked for a number of companies in Australia and the USA. Mr Pamminger is the Chairman of GrainsConnect Canada, a director of GrainCorp subsidiary companies and a Member of AICD.
Darren Smith was appointed President of GrainCorp Malt in January 2019 and manages malting operations in North America, Canada, the United Kingdom, New Zealand and Australia. Mr Smith joined GrainCorp Malt as Chief Operations Officer in 2014 from an extensive background in production and sales in the malting industry across North America. He holds a Bachelor of Science in Food Science and brewing accreditations from the IBD, in the UK.