GrainCorp has a long, rich history beginning in 1916.
Originally part of the New South Wales Government's Department of Agriculture, GrainCorp was established as the Grain Elevators Board.
In 1917 Canadian architect J.S. Metcalf designed a bulk grain terminal in the Sydney suburb, Glebe. Completed in 1922 it was Australia's first bulk grain terminal and was complimented by GrainCorp’s first elevator built in Peak Hill, 50 km north of Parkes, NSW. These projects laid the foundation for GrainCorp’s grain handling and storage network.
In 1939, the Australian Wheat Board was founded who held a monopoly on wheat exporting for the next 60 years.
After the NSW Grain Corporation Act was passed in 1992, the company was privatised and sold for $100 million. The company was named: GrainCorp.
In 1996, the Marketing business was established and GrainCorp became the first bulk handler to trade grain within Australia, moving away from the price monopoly of government entities. Two years later, GrainCorp listed on the Australian Stock Exchange.
The new millennium brought with it a period of acquisition, cementing GrainCorp's position as Australia’s leading grain handler: Vicgrain (Victoria) acquired in 2000, Grainco (Queensland) in 2003 and Hunter Grain in 2007.
GrainCorp now has over 180 country elevators in Australia. It boasts a total grain storage capacity of up to 20 million tonnes spread across more than 2700 km from Mackay (Queensland) to Portland (Victoria).
It also operates seven bulk grain export elevators, serviced by 20 contracted trains with the capability of hauling up to 4 million tonnes of grain annually.
A further 1 million tonnes of road transport is managed annually, and the Ports elevate an average of 5 million tonnes of grain and up to 1.5 million tonnes of non-grain commodities annually.
Diversifying our Operations
In 2002, GrainCorp entered a joint venture with US agribusiness Cargill to purchase Allied Mills, expanding its presence along the grain chain, including production and processing. This saw the start of our bakery products and milling businesses.
In 2008, the Australian wheat market was deregulated and the single wheat desk was removed. GrainCorp now trades commodities in its own right, with Marketing offices in Australia, Europe, Singapore, China, the UK and North America. GrainCorp Marketing now buys and sells more than 4.5 million tonnes of wheat, barley, sorghum and canola per year, servicing customers domestically and internationally.
The next strategic acquisition came in 2009, with the purchase of United Malt Holdings to form GrainCorp Malt. The acquisition of Germany’s Schill Malz in 2011 well placed GrainCorp to serve European and export customers. A malt plant was also acquired in Western Australia in 2011, expanding our operations to the Australian west coast.
GrainCorp Malt is now one of the world's largest commercial malt producers, producing over 1 million tonnes of high quality and specialty malts annually for some of the world's leading brewers and distillers, as well as the emerging craft brew market.
In October 2012, GrainCorp acquired the Gardner Smith Group, and Goodman Fielder’s commercial fats and oils business, Integro Foods (“Integro”). The two businesses have combined to form GrainCorp Oils, creating a leading integrated edible oils business with operations in Australia and New Zealand.
2015 & Beyond
Today, GrainCorp is Australia's largest agribusiness and a top ASX 100 company, operating a range of integrated businesses: Storage & Logistics, Marketing, Malt and Oils. Our operations span across Australia, NZ, USA, Canada, Singapore, China, the UK and Europe, providing an increasingly important service across the food supply chain.
A lot has changed in almost one hundred years, but GrainCorp’s commitment to providing superior customer service has remained the same.