ADM building port terminal in Uruguay
May 19, 2011
by Eric Schroeder
DECATUR, ILL. — Archer Daniels Midland Co. is building a port terminal at Nueva Palmira, Uruguay. The terminal, which will be the only facility at Nueva Palmira with the ability to load large vessels, is expected to meet corn, soy, wheat and soybean meal demands in Europe, Asia, Latin America and Africa.
“ADM continues to invest in South America as we expand the size and reach of our processing and transportation operations in the world’s key agricultural regions,” said Domingo Lastra, president of ADM South America. “As crop production in Paraguay, Bolivia, Uruguay and Brazil continues to increase, this new port terminal will be an integral part of regional export operations and will enhance our ability to connect the South American harvest to homes all over the world.”
ADM said the Nueva Palmira port terminal will have a storage capacity of 180,000 tonnes. It is expected to handle 2.8 million tonnes of goods in its first year of operation, and it will employ approximately 100 people. Construction will begin immediately and should be completed in 22 months.