Nidera marks strategic acquisitions in Romania
Chinese-controlled agriculture trader Nidera announced at the end of December that it had fully acquired the USA-USC Terminal in the port of Constanta, Romania.
2015-01-21 13:20:21
Also, recently, the company announced it started the procedure to build a 18.000 tones silo in Olt county, at Corabia, securing the access to Danube. With the full ownership of Constanta terminal, Nidera secures its position in this strategic port at the Black Sea. The port of Constanta is a traditional partner for the Central and Eastern European countries with high agricultural production. It plays a key role in the export of these products from the inlands of Romania and the Balkans.
Throughout the past years Nidera has already been using this terminal for the export of various grains and oilseeds. However, with an ever increasing market share as a result of improvements in our origination program, full ownership of such a terminal in the port of Constanta is essential for the realization of our growth strategy in this region.
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 optimize our logistics. The current USA/USC Terminal is known to be the most efficient in the port of Constanta.
Marc Kwakkelstein, Executive Vice President Europe of Nidera:"This acquisition fits perfectly in our growth strategy. It 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".
The terminal at Constanta has a total storage capacity of 250,000 metric tons and is able to load two Panamax vessels at the same time, with loading facilities for trucks, trains and barges.
Nidera is a major international agribusiness and trading company with an annual turnover in excess of USD 17 billion.
Nidera was founded in Rotterdam (the Netherlands) in 1920, with its early activities focusing on grain and foodstuffs merchandising in the regions from which it took its acronym: Nederland, (East) Indies, Deutschland, England, Russia, and Argentina. Currently Nidera has domestic and international operations in 21 major export and import countries and distributes its products to more than 60 countries in the world. By consolidating its presence throughout the value chain, Nidera has created a platform that efficiently connects agricultural producers and food consumers.
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