RiceBran Expands MGI Grain Facility
TOMBALL, TEXAS – RiceBran Technologies has announced plans to double pearl mill capacity at its MGI Grain Inc. facility in East Grand Forks, Minnesota, a project the company says will allow it to meet growing demand. of North American-sourced, grain-based ingredients with minimal capital investment and limited increase in labor.
As part of the expansion, RiceBran said it will replace one of the plant’s main grain dehullers with a new dehuller/pearler, a replacement 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 improvements to the mill’s grain receiving, cleaning and conveying 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 day-to-day plant operations is expected to occur during the expansion, RiceBran added.
“These upgrades will allow RiceBran to finally take advantage of MGI’s true potential for volume expansion and process flexibility while improving product quality,” said Kevy Pray, Sales Manager, MGI. “This will allow us to double the capacity of the pearl factory within the same building footprint, giving us the ability to meet growing customer demands while navigating a tight labor market, with only modest capital investment. “
Peter Bradley, President of RiceBran, added, “The demand for regionally sourced agricultural ingredients and products is skyrocketing given the uncertainty of the geopolitical environment and the challenges of the global supply chain, and we are able to react. Not only does MGI provide RiceBran with long-term strategic options as a source of new raw materials for our high-value ingredients business, but this small investment in significant additional capacity provides us with a unique opportunity to capitalize on the macro – current environment.
News of the expansion sent RiceBran’s stock price soaring, closing at 72¢ per share on May 18, up 22% from the May 17 close of 59¢ per share.