This will increase the operating capacity of the grain terminal from 50,000 tons to over 110,000 tons storage capacity.The investment is expected to be finalized by mid 2014.
The partnership between Cargill and TTS goes back to 2008 and this expansion project is proof of this continuing successful collaboration. Canopus Star will be a high performing facility with a lot of flexibility on the outtake and intake from the warehouse.
Martin Schuldt, President of the Board of Cargill Oils S.A., commented on the investment: “Cargill has a strong presence in Romania and it remains a strategically important country for us. We will continue to grow our local business, as previously announced, and this project is part of our expansion plans. We are pleased to develop such successful partnerships with local companies that share our values and the same client service dedication.”
Cargill’s silos have become a benchmark in the storage sector in Romania, in terms of execution in proper conditions and at a high level of professionalism of the operations of determining products’ quality at reception / delivery as well as operations of drying, conditioning and preserving the products during storage.
“The investment in Constanta is complementary to the whole logistics chain that TTS offer to its clients. Together with the river shipping, operation in the Danube ports, direct transhipment with the floating cranes in Constanta, this investment will help optimizing the structure of the services, better performance, speed and quality for the customers. Having Cargill along with us in this investment is a privilege and advantage at the same time.” says Mircea Mihailescu, President of TTS Group.
The investment fits with Cargill’s strategy to continue to focus on the growth and development of its agricultural businesses in Romania.
