US Archer Daniels Midland Co. (ADM) has begun a significant expansion and modernization of its export terminal in Santos, in the Brazilian state of São Paulo. The project is expected to expand the facility’s annual storage and grain handling capacity to 8 million tons from 6 million tons, while also enhancing its environmental controls.
«Brazil is one of the world’s most important agricultural producers, and ADM is continuing to deliver on our strategy as we invest to expand our already significant operations there», said Greg Morris, president of ADM’s Oilseeds Processing business. «The Port of Santos is one of two major ADM gateways from Brazil to customers around the world, and with this expansion we are enhancing our ability to move crops from there to Asian, African and European customers. “We are also continuing with the expansion of our jointly owned export terminal in Barcarena, which will increase volume to 6 million metric tons per year. ADM is already one of Brazil’s largest exporters of agricultural products. When these improvements to both ports are complete, we will be able to move even more crops out of Brazil, and we will be able to do so more efficiently, enhancing both our capability to meet global customer demand and our ability to grow our returns in South America».