CASABLANCA, Morocco, June 10, 2011 /PRNewswire/ --
Cargill has inaugurated its new grain and oilseed silo in Morocco. The US $15 million, 67,000-metric-tonne storage facility is situated close to the port of Casablanca and is well connected to transport networks by rail.
The new silo will allow Cargill to improve the discharging rates of its vessels, allowing it to better manage its logistics. It will enable the company to grow its service to Moroccan customers in the flour milling and compound feed industry, including the growing sector of large scale customers who require whole vessel discharges and also small scale customers purchasing smaller quantities of grain. It also will open up new business opportunities for Cargill in Morocco.
The inauguration was attended by Mr Akhannouch, Moroccan minister of agriculture, Mr Michael De Tar, acting United States (US) consul general, as well as other senior Moroccan government officials and US consular delegates.
"Morocco has a young, fast growing population with improved access to education. People's rising spending power is influencing dietary and food purchasing choices and this has led to an increasing consumption of vegetable oils and animal protein, adding to the existing high wheat consumption," said Larbi Hamdouch, general manager of Cargill's grain and oilseeds operations in Morocco. "This investment highlights our commitment to the country and its economy and will allow us to link more efficiently into Cargill's global network to connect surplus grain, from other parts of the world, to our Moroccan customers."
The facility, employing around 12 people, has been built to the highest standards, using Cargill's global best practice technology to achieve an efficient and safe operation. Its link to rail networks means that truck traffic through the city of Casablanca will be reduced, bringing environmental benefits to the community.
Notes for editors:
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 131,000 people in 66 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to sharing its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business.
For more information, visit http://www.cargill.com.
Cargill in Morocco
Cargill has been active in Morocco since 1997 and has operations in the trading, distribution and storage of grains and oilseeds, risk management and technical services, specialty food ingredients including texturizers, flavours and sweeteners. It operates from Casablanca, Fez and Essaouira, employing around 120 people.
Wendy Garbutt: +44(0)1932-861174, Wendy_Garbutt@Cargill.com