KANSAS DEPARTMENT OF COMMERCE AWARDS TRAINING FUNDS TO LANSING TRADE GROUP, LLC

April 14, 2008 - The Kansas Department of Commerce has awarded Lansing Trade Group, LLC, a leading trader of agricultural commodities, with $12,000 in Kansas Industrial Training funds to help the company create 24 new Kansas jobs, officials announced today.

The new hires will receive training in company policies and procedures, merchandising, computer programs, global credit and risk assessment. In-house trainers and outside vendors will provide a combination of on-the-job and classroom instruction.

Total estimated cost of the project is $122,180. Lansing Trade Group will provide matching funds of $110,180.

“We’re glad to work with Lansing Trade Group on this training project,” said Secretary of Commerce David D. Kerr. “With offices throughout the nation and the world, Lansing is truly global in scope, and we’re proud to have the company’s headquarters here in Overland Park. We appreciate Lansing’s commitment to Kansas and the creation of new Kansas jobs as a result of this training project.”

Lansing Trade Group, LLC is a trading company largely focused on the movement of physical commodities such as grains, feed ingredients, biofuels and container freight within North America and internationally. The company is headquartered in Overland Park and has eight U.S. offices, as well as international offices in Geneva, Switzerland; Buenos Aries, Argentina; and Sao Paulo, Brazil. The company controls more than 15 million bushels of elevator space through ownership or lease arrangements across the United States, in addition to substantial storage facilities for feed ingredients. Established in 1931, Lansing Grain Company transformed its business into a limited liability company in January 2003 to create Lansing Grain Company, LLC. In 2006, the company changed its name to Lansing Trade Group, LLC. For more information, visit www.lansingtradegroup.com.

“We are pleased to have the support and training resources from the Kansas Department of Commerce to expand on our commitment to invest in our most vital resource, our employees.” said Bill Krueger, CEO of Lansing Trade Group.   “We understand and appreciate the importance of hiring and developing successful employees - - especially as growth continues to be an important aspect of our company's strategy.  I am very proud of our team at Lansing, and look forward to working with the Kansas Department of Commerce as we continue to cultivate our pool of talented employees.”

The Kansas Industrial Training program assists firms involved in pre-employment and on-the-job training. Pre-employment training may allow the company and prospective employees an opportunity to evaluate one another before making employment commitments. On-the-job training is conducted after hiring. Trainees may receive instruction on the company’s own production equipment on the plant floor or on similar machinery in a classroom setting. Examples of eligible expenditures include instructor salaries, curriculum planning and development, travel, materials, supplies, textbooks, minor training equipment and certain training facility costs.

For more information, contact Joe Monaco with the Kansas Department of Commerce at (785) 296-3760 or jmonaco@kansascommerce.com.

 

About Lansing Trade Group, LLC

Lansing Trade Group is a privately owned firm formed in 1931. The current ownership group has grown Lansing into a national trading company, growing beyond its grain roots with growth into the energy market. Lansing Trade Group formed Lansing Ethanol Services, LLC in March 2006 to trade ethanol. Lansing Trade Group trades whole grains, feed ingredients, and energy products, including biodiesel, in U.S. domestic and export markets. Current annual revenues are approximately $5 billion. Company headquarters are in Overland Park, Kansas. Additional information is available online at www.lansingtradegroup.com and www.lansingethanolservices.com.