Grain trader and feed manufacturer Cefetra has increased turnover and profit in the financial year just ended
Based in Glasgow, Scotland, Cefetra achieved an increase of 15% in sales turnover in the year to December 31, 2018, to GBP991.9 million (US$1.22 billion), reports Scottish Business News. For the same period, profit after tax was GBP3.6 million, which is 29% higher than for the previous 12 months.
Annual volume of sales in Scotland and Ireland was more than 4.3 million metric tons, according to the firm’s managing director, Andrew Mackay.
Product diversity credited with success
Mackay attributed the firm’s successful results to the wide range of commodities it offers — including grains, oilseeds and oil cakes, and non-grain feed ingredients — and to provide independent advice and individual solutions to its customer base.
Also key were the company’s move last year from KGV Glasgow to larger and more modern port handling facilities in Rosyth and Leith that accommodate larger vessels. Cefetra is scheduled to move into new purpose-built warehousing there at Forth Ports by the end of the year. The firm has recently moved to new headquarters at Glasgow Airport Business Park.
According to the company’s website, Cefetra products help feed 120 million poultry each week, 1.1 million cattle per year, and produce 6 billion liters of milk annually. The firm also manufactures feed for sheep, pigs and salmon, as well as a range of grain-based foods and beverages.
Company’s long history
The firm’s Scottish roots date back to Scotland in the 18th century as William McCorkell & Co. The name was changed in 1999, when the business was acquired by Cefetra BV of The Netherlands, and this was taken over by BayWa of Germany in 2012.
Three years later, the company acquired southern England grain traders Wessex Grain and, in February 2018, Cefetra bought Premium Crops, a provider of specialist crops including linseed, red wheat, millet and naked oats.
