
Murad Al-Katib
President & CEO | Alliance Grain Traders Inc.
Canada's role in the world used to be summed up in the Biblical phrase "hewers of wood and drawers of water." And while the current natural-resources boom is generating economic growth, it could draw Canada back into its lowly former position.
Murad Al-Katib is resisting that trend, showing how we can extract far more value from our fabulous storehouse of resources.
Al-Katib is at the forefront of Canada's swift rise to become the world's largest producer and exporter of pulse crops: lentils, peas, beans and chickpeas. His company, Regina-based Alliance Grain Traders Inc., dominates global lentil exports, with a 40 per cent market share. Sales have exploded from $35 million in 2004 to $760 million in 2011. But rather than ship raw product abroad, Al-Katib has built a network of 12 domestic factories that add value through extensive processing. Technology plays a big role; for instance, Alliance uses optical sorters that separate lentils by colour to satisfy regional preferences.
You don't make it in the commodities business without obtaining the economies of scale needed to price your products competitively. Al-Katib did that by rapidly opening and acquiring plants, and leveraging the strong loonie to import productivity-enhancing machinery.
In January, he received the BASF Pulse Pioneer Award for "an extraordinary contribution to the development of the pulse industry." And he's still in pursuit of a target as big as the sky in his native Saskatchewan: "My goal is to become a globally recognized food processor."
* Video: Entrepreneurs plan to mine asteroids for gold and platinum
* Modest beginnings of Canada's top CEOs
More from PROFIT:
* The 30 best business practices of all time
* Quiz: The past 30 years of small business and economics
* Arlene Dickinson talks about the triumphs, mistakes and the value of a balanced life
* Sales compensation plans: How to motivate your employees
June 19 (Bloomberg) -- In "Company News," Bloomberg's Scarlet Fu reports on the top business stories of the day. She speaks on Bloomberg Television's "... More June 19 (Bloomberg) -- In "Company News," Bloomberg's Scarlet Fu reports on the top business stories of the day. She speaks on Bloomberg Television's "Bloomberg Surveillance."
Date 27 mins ago, Duration 0:50, Views 0
Video by: Bloomberg
-
Market Sense - Part Four: Staying In Vogue [06-18-13 5:35 PM]
Date 13 hrs ago 6:11Tooltip Information:
Market Sense - Part Four: Staying In Vogue [06-18-13 5:35 PM]Video by:Description: Which stocks will capitalize on in vogue fashion trends? We ask Camilo Lyon, Analyst, Canaccord GenuityRating: 2Views: 291 -
Free trade: Canada needs to grow the hell up [06-18-13 2:30 PM]
Date 13 hrs ago 8:51Tooltip Information:
Free trade: Canada needs to grow the hell up [06-18-13 2:30 PM]Video by:Description: Will Canada be able to lock down a trade agreement with the EU at the G8 Summit in Northern Ireland? BNN speaks to Barry Appleton, the Managing Partner of Appleton & Associates International Lawyers about the trade negotiations.Rating: 4Views: 100 -
The End of Big Gold? [06-18-13 10:15 AM]
Date 20 hrs ago 8:20Tooltip Information:
The End of Big Gold? [06-18-13 10:15 AM]Video by:Description: What's ailing big cap North American gold producers and what's needed to give the industry a lift and improve share-price performance? We seek answers from Jorge Beristain, Managing Director, Metals & Mining Research, Deutsche Bank Securities, who's published a report on "prescriptives for change" in the gold mining business.Rating: 1Views: 892
-
Bombardier shares ready to take flight? [06-18-13 3:10 PM]
Date 13 hrs ago 7:15Tooltip Information:
Bombardier shares ready to take flight? [06-18-13 3:10 PM]Video by:Description: With multi-billion dollar orders announced today, is Bombardier shares ready to take flight? BNN talks to Ted Larkin, Private Investor and former Bay Street AnalystRating: 4Views: 202 -
Commodity ETF Winners [06-18-13 11:40 AM]
Date 20 hrs ago 4:15Tooltip Information:
Commodity ETF Winners [06-18-13 11:40 AM]Video by:Description: BNN speaks with John Gabriel, Analyst, Morningstar to find out what are the best-performing commodity ETFs so far for 2013.Rating: 4Views: 206 -
Analyzing Fed Policy [06-18-13 10:05 AM]
Date 20 hrs ago 7:31Tooltip Information:
Analyzing Fed Policy [06-18-13 10:05 AM]Video by:Description: Andrew Wilkinson, Chief Economic Strategist, Miller Tabak + Co. discusses fd policy and the surge in yields.Rating: 4Views: 83














