GrainCorp Limited’s core area of business is handling logistics, marketing and storage of grains and related products.
Image: company website
In 1917, the organization was established as Government Grain Elevator in New South Wales. It was shaped to transport grain from nearby accumulation points situated on railroads all through the grain-producing districts of New South Wales, and it was later renamed to Grain Handling Authority.
The company was privatized in 1992 with a greater part of shares being given to grain producers. It got listed on ASX in 1998. GrainCorp's operations have in this manner reached out to Australian states by combination of other grain handling operations. The organization works through a broad system of rail-connected storage houses spread across south-east Australia, and also seven export terminals located strategically in Brisbane, Gladstone, Mackay, Newcastle, Port Kembla, Geelong and Portland, Victoria.
In November 2009 Graincorp ventured into North America by buying the United Malt Holdings group of companies.In July 2011, Graincorp further bought malt maker, GermanMalt GmbH and Co, for $77 million, thereby further expanding its venture into Europe. In 2016, the organization's CEO is Mark Palmquist and its executive, Don Taylor who have a collective mission to deliver assured supply at competitive prices all around the globe.
Graincorp’s ownership of key assets helps them form a ‘paddlock to plate’ supply chain which helps them provide quality assurance and confidence to supply at competitive prices. The company has fully integrated operations starting from regional communities to an expansive network of storage sites alongwith road, rail and port connectivity to ensure a quick turnaround and ensure quality product supply all across the world.