CHS and Cargill Expand TEMCO Grain Export Operations03 February 2012
US - Cargill and CHS Inc. have announced the two agribusiness companies are expanding the scope of their TEMCO LLC, grain export terminal joint venture to include other Pacific Northwest export assets owned by the companies.
TEMCO, which operates an export facility in Tacoma, Wash., is a 50-50 joint venture between CHS and Cargill. The expanded joint venture will include the Tacoma facility along with an export terminal in Kalama, Wash., and the Cargill Irving Elevator at Portland, Ore.
The expanded joint venture company will export feed grains, oilseeds, and wheat to Asia-Pacific markets.
Cargill and CHS both said they are confident the long-term expansion will result in the assets, infrastructure and volume necessary to meet global demand. Country elevators and producers will benefit from the strong global connections and logistical and distribution expertise.
TheCropSite News Desk