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Cargill is taking a lead in herd nutrition in the largest farm of Don Agro
This collaboration should increase the efficiency of dairy farming at Don Agro through increasing milk yield, improving animals' health and reducing costs.
An important advantage of working with Cargill is a change in the approach to feeding animals with attention to their need for a qualitative composition of the diet and the amount of feed consumed. The cooperation includes the introduction of Cargill's feeding programs and digital solutions.
One of them that is called DairyApp makes it possible to audit the farm directly on the tablet, saving all the necessary data that accumulates throughout usage of the application. This allows to track the progress made on all key indicators of the farm and make a detailed and in-depth analysis of the animals.
Cargill's Dairy Enteligen Premium service is also introduced to automatically collect and analyze data from the milking parlor, herd management and feeding programs, and creates a convenient visual report.
Another IT solution implemented at the Don Agro farm will be the use of the DairyMax ration calculation program, which allows not only the balance of ration based on the needs of the animal but also to predict the result and manage it, depending on the goals.
"We are pleased to cooperate with the largest milk producer in the Rostov region of Russia. We start by providing nutrition for one farm, but when we achieve results there, we are ready to take care of feeding other farms of Don Agro. We look forward to long and fruitful cooperation and believe that the modern technologies offered by Cargill will help our client achieve great results", said Mr. Jon Lauritzen, Country Director of Cargill in Russia.
The herd at the Don Agro farm in Novoselovka is approximately 1,300 heads of cattle which includes over 650 milking cows. According to preliminary calculations, cooperation with Cargill and transfer to a new nutrition scheme will increase average daily milk yield from 20.5 litres to 23 litres per milking cow.
"We have big expectations for cooperation with such an industry leader on agricultural and food markets. Firstly, interaction with Cargill is a guarantee of high quality. Secondly, the company offered us favorable conditions for cooperation, which significantly distinguished them from other nutrition providers. Novoselovka is the largest of our five farms. Therefore, the synergistic effect of increasing milk yield and optimizing the cost of nutrition should enhance profit", commented Mr. Marat Devlet-Kildeyev, Chief Executive Officer of Don Agro International.
The Group owns approximately 4,000 heads of cattle which include over 2,200 milking cows. In 2021, Don Agro produced 15.831 million litres of milk. At the same time, the priority of the Company's management is the efficiency of dairy production through caring for animals' health.
The Group sells raw milk to dairy processing companies for the production of fresh milk and other high-end processed dairy products. Customers compete for the Company's raw milk, that's why Don Agro generally sells it to a single large dairy producer in any given year. Such a supply agreement allows the Group price negotiations on a regular basis based on market conditions.
About Don Agro International Limited
Don Agro is one of the largest agricultural companies in the Rostov region in Russia principally engaged in the cultivation of agricultural crops and production of raw milk. The Group is also engaged in crop production in the Volgograd region in Russia. The Group has a total controlled land bank of 67,340 hectares, of which more than 54,420 hectares are arable land. The Group owns approximately 17,200 hectares of its controlled land bank.
The Group's operations are principally located in the Rostov region, one of the most fertile regions of Russia, situated close to the Azov and Black Seas and the Don River which house major international ports. The Group's second operating division in the Volgograd region is located in close proximity to key trading routes including the Volga River. This allows the Group's customers, who are mainly traders and exporters, to save on transportation costs and, as a result, be able to offer higher prices for the Group's crops. Within the crop production segment, the Group is primarily engaged in the farming of commercial crops such as winter wheat, sunflower, and corn.
In addition, the Group is the largest milk producer in the Rostov region and owns more than 4,000 heads of dairy cattle which includes approximately 2,200 milking cows.
Issued for and on behalf Don Agro by Financial PR
For more information please contact:
Romil Singh
[email protected]
Tel: +65 6438 2990, Fax: +65 6438 0064
Don Agro International Limited (the "Company") was listed on Catalist of the Singapore Exchange Securities Trading Limited (the "Exchange") on 14 February 2020. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor").
This press release has been reviewed by the Company's Sponsor. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Mr Joseph Au, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comDon Agro International Limited (the "Company" or "Don Agro") and its subsidiaries (collectively the "Group"), one of the largest agricultural companies based in the Rostov region of Russia, is pleased to announce the cooperation with Cargill, one of the top agricultural companies in the world, that will provide nutrition for the biggest farm of Don Agro.
Genetec Delivers Its Best Quarter to Date
For the same quarter, Genetec's profit before tax (PBT) stood at RM21.0 million which is higher by 19.3% than the RM17.6 million posted in their second quarter (Q2FY2022), due to higher sales whilst costs remained stable. Revenue for the quarter stood at RM65.3 million, an increase of 98.5% QoQ, and a 10.1% increase over the preceding quarter Q2FY2022, bringing the annual total to RM164.9 million for the 9 months ending 31 December 2022 (9MFY2022). Earnings per share stood at 34.53 sen (fully diluted) in Q3FY2022 compared to EPS of 2.06 sen in Q3FY2021.
For the nine months of the financial year ended 31 March 2022 (9MFY2022), the Company recorded 2,656% higher PAT of RM44.1 million compared to the corresponding period of the previous financial year of RM1.6 million (9MFY2021). PBT for 9MFY2022 stood at RM47.5 million, which is 2,694% higher than the PBT of RM1.7 million while revenue is 96.3% higher at RM164.9 million compared to RM84.0 million of the corresponding period.
Genetec highlighted in their announcement, "We continue to progress with our plans. Earlier this month we concluded our Bonus Issue exercise announced on 25 October 2021 with the listing of the new issue of securities or 629,503,200 bonus shares (effective 11 January 2022) on the ACE Market of Bursa Malaysia Securities Berhad. In addition to rewarding our existing shareholders and improving share liquidity, we hope to encourage greater local retail participation.
Looking ahead, we continue to build on the electric vehicle (EV) and energy storage division and expect it to remain a significant and growing contributor to our overall performance. This growth will be driven by regional and worldwide demand as countries and businesses step up their efforts towards achieving the zero-emissions target set for 2050. Industries immediately impacting our business are those in transport and energy, both retail and industrial, as everything from day-to-day energy needs for both retail and commercial, heavy industry vehicles and machinery, public transport to e-scooters turn electric."
Genetec also cited The Economic Intelligence's 'Automotive in 2022' research report outlook for global sales of new vehicles that is expected to rise by 7.5% in 2022, surpassing 2019 levels. Prospects for the global sales of new EVs will continue to soar, rising by 51%, with Asia and North America leading the recovery. Whilst new emission rules will force transport vehicle makers and businesses to make far-reaching decisions about their energy sources and fossil-fuel models, this shift is also well supported by the growing number of policies to incentivise greater efforts towards renewable energy vehicles and generation. On a corresponding topic, Nasdaq expects energy storage to potentially emerge as the hottest market of 2022 as the trends advance over the course of the year.
Building on the momentum gained, Genetec's 11 January 2022 announcement of their Memorandum of Understanding (MoU) with Thailand-based Asia Precision Public Company Limited (APCS) signals the Company's efforts to diversify its client base and growth strategy through greater exposure to the Thai and ASEAN markets. Plans are in the works to collaborate and conduct a feasibility study in relation to the potential development of a factory automation facility for energy storage system (ESS) in Thailand. The study will include but will not be limited to the economic, financial, technical, and legal feasibility for the most appropriate structure and details of the project.
Genetec concluded, "We continue to remain cautiously optimistic but vigilant as businesses and economies continue their fragile recovery after being battered down over the two-year pandemic. Adoption of technologies and automation across different industries are expected to continue as businesses seek greener solutions, to greater efficiencies and reliability in their production lines. The knock-on effect of technology adoption is the demand for storage, data, and intelligence, which will drive the potential of the global hard disk drive (HDD) market. Genetec expects growth for the segment to continue by 5.11% for the period of 2021 to 2026 due to data storage requirements, the booming laptop market and digitalisation."
Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTechnology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022).
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