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Dutch agribusiness giant Nidera buys Black Sea Constanta terminal
DUTCH agribusiness giant Nidera has acquired the USA/USC Terminal in the port of Constanta, Romania with plans to play a key role in the export of products from its Balkans hinterland.
Nidera has already been using the Constanta (aka Constanza) terminal for the export of various grains and oilseeds.
"However, with an ever increasing market share as a result of improvements in our origination programme, full ownership of such a terminal in the port of Constanta is essential for the realisation of our growth strategy in this region," said a company statement.
The terminal is a welcome addition to the two currently owned inland silos and the two planned silos in Romania. This new network of facilities will allow us to further increase our origination capacity and optimise our logistics. The current USA/USC Terminal is known to be the most efficient in the port, the company said.
Said Midera vice president Marc Kwakkelstein: "This acquisition is a great opportunity for Nidera to establish and sustain a leading position in the origination and distribution of agricultural commodities in Central and Eastern Europe".
Nidera is a major international agribusiness and trading company with annual revenues of US$17 billion.
Nidera has already been using the Constanta (aka Constanza) terminal for the export of various grains and oilseeds.
"However, with an ever increasing market share as a result of improvements in our origination programme, full ownership of such a terminal in the port of Constanta is essential for the realisation of our growth strategy in this region," said a company statement.
The terminal is a welcome addition to the two currently owned inland silos and the two planned silos in Romania. This new network of facilities will allow us to further increase our origination capacity and optimise our logistics. The current USA/USC Terminal is known to be the most efficient in the port, the company said.
Said Midera vice president Marc Kwakkelstein: "This acquisition is a great opportunity for Nidera to establish and sustain a leading position in the origination and distribution of agricultural commodities in Central and Eastern Europe".
Nidera is a major international agribusiness and trading company with annual revenues of US$17 billion.
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