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CHS AND RAILWAY OPERATOR RUMO TO BUILD GRAIN AND FERTILIZER TERMINAL IN BRAZIL
Aug. 13, 2024
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| CHS is joining Brazilian railway operator Rumo to build and operate a port terminal for grains and fertilizers at the Port of Santos, Brazil. Photo: DP World. |
Source: CHS news release
CHS Inc., the largest farmer-owned cooperative in the United States, has established an agreement with Brazilian railway operator Rumo to build a terminal at the Port of Santos as part of a new 50/50 joint venture. Located in the state of Sao Paulo, Brazil, the terminal is expected to handle 9 million tons of grains and 3.5 million tons of fertilizers annually.
"Brazil is a growing producer and shipper of crops that CHS global customers rely on, and this project creates long-term value for our U.S.-based owners by strengthening the position of CHS as a competitive supplier of grains and oilseeds for customers around the world," said John Griffith, executive vice president, CHS ag business and CHS Hedging.
The beginning of construction is subject to the fulfillment of certain conditions that are customary for this type of transaction, including licensing, legal and regulatory approvals. After these steps are completed, construction is estimated to take about 30 months.
About CHS:
CHS Inc. creates connections to empower agriculture. As a leading global agribusiness and the largest farmer-owned cooperative in the United States, CHS serves customers in 65 countries and employs nearly 10,000 people worldwide. We provide critical crop inputs, market access and risk management services that help farmers feed the world. Our diversified agronomy, grains, foods and energy businesses recorded revenues of $45.6 billion in fiscal year 2023. We advance sustainability through our commitment to being stewards of the environment, building economic viability and strengthening community and employee well-being.
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