U.S. agriculture giant Cargill will invest $100 million in building a new grain terminal at Ukraine’s Black Sea port of Yuzhny, Ukrainian Prime Minister Arseny Yatseniuk said on Wednesday.
The terminal, near Ukraine’s biggest port city of Odessa, will have an annual loading capacity of 5 million tonnes of grain and other commodities, Andriy Pivovarsky, Ukrainian infrastructure minister, said after a signing ceremony.
The ministry last year said Cargill, one of the world’s largest privately-held corporations, would be able to open the terminal by 2017.
Ukraine is currently able to ship about 35 million tonnes of grain from its sea ports but the government has said it wants to double export loading capacity within the next five years.
Ukraine is likely to export a record 37 million tonnes of grain this season. (Reporting by Pavel Polityuk; Editing by Mark Potter)
Source: Reuters
Temperature-controlled storage and logistic solution provider, Emergent Cold LatAm, has opened ‘Chile’s largest’ frozen food warehouse. Located in Talcahuano, a region renowned for its seafood and fruit production and exports, the warehouse represents a strategic enhancement of the local cold chain infrastructure.
Never Never gin will be sold through Asahi’s alcohol division, Carlton & United Breweries (CUB). According to the company, the acquisition – which won’t impact daily operations – will enable Never Never’s premium gin to reach a wider customer base while enhancing support and product offerings for existing customers.
Coca-Cola Europacific Partners (CCEP) announced today the forthcoming departure of Nik Jhangiani, senior vice president and chief financial officer, with plans underway to identify his successor. Jhangiani will be stepping down to assume the role of CFO at Diageo later this year.
