ADM to Enhance Brazilian Export Capacity with Purchase of Port in Northern Brazil

Archer Daniels Midland Company (ADM) announced an agreement to purchase a port terminal in the state of Para in Brazil on July 31.

“By adding this strategically located port to our extensive logistics network in Brazil, we will increase our capacity to export grain from Western and Northern Brazil and further expand our fertilizer operations throughout the country," said Valmor Schaffer, president, ADM South America. "This port will enhance ADM's global reach, better connecting the Brazilian harvest to markets including Europe, the Middle East, and even Asia through the Panama Canal."

The facility was designed to handle minerals, and ADM plans to convert it to handle bulk grains and agricultural inputs. ADM also plans to upgrade the facility to handle Panamax vessels and double its storage capacity. Once complete, the new port will have capacity to handle 3 million metric tons a year.

ADM is Brazil's largest soybean meal exporter, the second largest exporter of soybeans and the Brazilian economy's seventh largest exporter overall. The company currently operates in all of Brazil's major agricultural ports and owns a port terminal in Santos, Sao Paulo. 

About ADM in Brazil

ADM is one of the largest agribusiness companies in Brazil. With more than 4,000 employees, the company processes soy at four facilities, and markets the soy oil brands Sadia, Concorrdia and Corcovado. The company operates the largest biodiesel plant in Brazil, five fertilizer blending facilities, a cocoa processing plant, a sugar cane processing facility that produces ethanol, and more than 40 elevators across the country. 

Source: Archer Daniels Midland