Blumberg in the News

Blumberg Grain was featured in an article in The Tribune in India this week as Sanjeev Sharma interviewed David Blumberg CEO, Blumberg Grain. An excerpt from the article follows:

Q: What are your plans for Punjab?
A: Senior representatives of the company are visiting Punjab as well as several other states in the country, to explore propositions for establishing the manufacturing plant and export hub for Asia. The company intends to select a location for the manufacturing hub by the end of summer. We are also in discussion with potential distribution partners and customers in the state.

Q: What are the initiatives for making India an export hub?
A: We are looking forward to making India our hub for Asia to enhance food security infrastructure in both the grain and perishable value chains throughout the region. We are looking to establish a manufacturing plant and export hub in India. The Blumberg Grain Hub in India will manufacture components for scientific warehouses. Blumberg Grain will export its systems, made in India, throughout Asia.

Q: How does it synchronise with Make in India?
A: Blumberg Grain aims to make India a home country in the greater region — that is the vision of our chairman, Philip Blumberg. The Blumberg Grain manufacturing facility alone would generate over 1,000 local jobs and an estimated economic impact of $1 billion in the first year of operation in the state in which it is set up. In addition, we will source raw materials from India and help create a knowledge base and supply chain that will have a multiplier effect on local economies.

To read the full article, click here. For more news and information visit Blumberg Partners.

Blumberg in the News

CNBC “I want to show you this one thing: How big is this show? You're seeing the Egyptian Minister of Supply who has come to Iowa to further a multi-billion dollar deal to buy secure storage bins from Blumberg Grain for their grain. Egypt is the biggest wheat importer in the world, but loses as much as 40% to spoilage. The delegation right now is in Chicago to figure out how they can have a commodities exchange in Cairo, and Blumberg, which is a real estate investor out of Florida, got into this secure storage business, and this is its first huge deal, billions of dollars."

Blumberg in the News

Blumberg Grain was featured in a CairoScene article this month titled "US TYCOON: USE YOUR LOAF, EGYPT", which proclaims that Egypt's bread crisis could soon be resolved by Blumberg, which is launching a new venture in Egypt to introduce new nationwide storage facilities that are set to prevent spoilage and reduce price volatility. An excerpt follows:

It was Marie Antionette who once said let them eat cake – well now a US business tycoon could soon have Egyptians scoffing some of the best loaf on the planet.

Philip Blumberg, head of Blumberg Capital Partners, has launched the tasty new venture after successive politicians failed to solve the riddle of lowering bread prices despite the relatively high cost of purchasing grain, thanks to the country’s poor credit rating.

He said: "Egypt is the largest importer of wheat in the world, but they have to buy it on the spot market. It’s crazy. The largest wheat buyer in the world is constrained by storage."

Blumberg has now reached a deal with Egyptian President Abdel Fattah el-Sisi to build 164 grain-storage facilities designed to prevent spoilage, reduce price volatility and eventually lead to a local commodities exchange.

To read the full article, click here. For more news and information, visit Blumberg Capital Partners.