Black Sea port infrastructure news: Cargill expands its presence in the region

03.07.2018

Russia. Cargill upgrades its grain terminal in Rostov

During 2018-2021, "Production and Commercial Company "Bratya" (Rostov-on-Don), the part of the US corporation Cargill, plans to invest RUB 600-660 million in reconstruction of grain terminal, reports UkrAgroConsult.

The upgrade will help to increase the capacity of the existing terminal by 50% to 1 MMT per year. It is planned to extend the quay wall from existing 142 to 314 linear meters and build a 20 KMT silo. This year, it is planned to prepare a feasibility study for the project and undergo an examination. The beginning of the construction work is scheduled for 2019.

Ukraine. Grain terminal of M.V. Cargo 80% complete

The grain terminal, constructed by M.V.Cargo in Yuzhny port, is 80% ready. The company reported that in spring it implemented the first phase, which included the construction of railcars unloading station, trucks unloading station, a warehouse for 80 KMT of grain and supporting infrastructure. Currently, the second line of silos and the berth #25 are being built. Two lines of vertical storage silos will be able to receive grain already in October 2018.

In February 2016, Cargill and M.V. Cargo, operating in Yuzhny port, signed an investment agreement, according to which the company decided to invest USD 100 million in a grain terminal construction. The parties formalized their intentions by signing an agreement on the acquisition by Cargill of a 51% stake of M.V. Cargo. According to their estimates, handling capacities, as well as the 16-meter depth at the berth, will allow the terminal to handle up to 10% of all Ukrainian grain exports.

More detailed information on competitive advantages of the largest Ukrainian ports and analysis of the competitive environment in the grain storage market is available to subscribers for multi-client study “Silos and Terminals of Ukraine” by UkrAgroConsult.

 

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