More

    RiceBran to upgrade MGI Grain facility

    TOMBALL, TEXAS — RiceBran Technologies has announced plans to double the capacity of the pearling mill at its MGI Grain Inc. facility in East Grand Forks, Minn., a project the company said will allow it to meet growing demand for North American-sourced, grain-based ingredients with a minimal capital investment and a limited increase in labor.

    As part of the expansion, RiceBran said it will replace one of the mill’s main grain de-hullers with a new de-huller/pearler, a swap-out that will more than double the plant’s production capacity. Additionally, MGI will support increased throughput and quality with the addition of a color sorter as well as enhancements to the mill’s grain receiving, cleaning and conveyance systems.

    RiceBran said it is investing less than $500,000 in the upgrades, which are expected to be completed later this summer. Minimal disruption to the mill’s daily operations is expected to occur during the expansion, RiceBran added.

    “These upgrades will allow RiceBran to finally leverage MGI’s true potential expanding volume and process flexibility while enhancing product quality,” said Kevy Pray, business lead at MGI. “This will allow us to double the capacity of the pearling mill within the same building footprint, giving us the ability to meet increasing customer demands while navigating a tight labor market, with only a modest capital investment.”

    Peter Bradley, chairman of RiceBran, added, “The demand for regionally-sourced ingredients and agricultural products is soaring given the uncertainty of the geopolitical environment and challenges in the global supply chain, and we are able to respond. Not only does MGI provide RiceBran with strategic options in the long-term as a source of new feedstocks for our high value ingredient business, this small investment in significant incremental capacity provides us with a unique opportunity to capitalize on the current macro-environment.”

    News of the expansion sent RiceBran’s stock price soaring, closing at 72¢ per share on May 18, up 22% from the close of 59¢ per share on May 17. 

    Source link

    Latest

    Rangers release social media activist Arsalan Khan

    KARACHI: Sindh Rangers on Saturday released social media activist...

    Sarah Brand: Viral pop song ‘purposely sung out of tune’

    Sarah Brand's song Red Dress had thousands of people...

    Ondrej ‘Sneaky P’ Palat seizes another moment, keeps Lightning belief alive

    DENVER – They were silent in Denver but whooping...

    Tory Brexiteers will back Northern Ireland protocol bill

    LONDON — Hardline Tory Brexiteers have signaled support for the U.K.’s plan to overrule post-Brexit trade rules in Northern Ireland, which they said protects the...

    Stagflation redux can be prevented with smart policy

    Joachim Nagel is the president of the Deutsche Bundesbank.  Flashy wallpaper, corduroy flares, long sideburns, disco and punk. The 1970s was a loud, “in your...

    Rwanda refugee hostel prepares to receive children

    KIGALI, Rwanda — A hostel in Rwanda earmarked for asylum seekers trying to reach the U.K. is preparing facilities for children, despite the policy...