LUXEMBOURG and NEW YORK, November 14, 2011 /PRNewswire/ --
- Partnership Strengthens Sodrugestvo's Storage Capabilities for Grain Operators In Sao Paulo, Minas Gerais and Mato Grosso
Sodrugestvo Group and Grupo Campofert have announced a multi-faceted partnership agreement in Brazil.
Campofert and Sodrugestvo have agreed to share their storage capacities in all locations and market them jointly to farmers and other market operators. Based in Guaira, Sao Paulo, the privately owned Campofert owns and operates 20 storage silos in the States of Sao Paulo, Minas Gerais and Mato Grosso, with a total capacity of 274,000 mt. Sodrugestvo, through its Carol-Sodru S.A. joint-venture, owns, leases and operates 28 facilities with a total capacity of 870,000 mt in the States of Sao Paulo, Minas Gerais, Goias and Tocantins.
"This partnership with Campofert, a company that has been growing continuously for the last years and has always maintained a perfect reputation, will allow us to continue to improve our storage offering to farmers in the States of Sao Paulo and Minas Gerais, as well as to enter the Mato Grosso market," said Roger Haybittle, CEO of Carol-Sodru S.A. "Our strategy is to continue building such associations with good partners like Campofert whenever possible."
Sodrugestvo will also provide Campofert with a working capital facility to support its soya and corn origination operations in Minas Gerais.
About Sodrugestvo Group
Sodrugestvo Group (http://www.sodrugestvo.com), founded in 1994, is a rapidly growing agro-industrial company serving global markets. The company is vertically integrated with three business units - specialized infrastructure (including deep-water sea ports), logistics (including railcars and storage facilities) and processing facilities (for the production of proteins and oils from vegetal and animal commodities). In the past year, Sodrugestvo crushed more than 1.3 million tons of soybeans and rapeseed, making it a leading player in Northern, Central and Eastern Europe, and traded over 2.3 million tons of agricultural commodities. The company is also expanding into commodities trading and direct origination capabilities.
Headquartered in Luxembourg, the company has facilities in a dozen countries including Russia, Ukraine, Denmark, Brazil, United States, Switzerland and several Eastern European nations. With consolidated sales of $1,303 million in its fiscal year ending June 30, 2011, Sodrugestvo has enjoyed average annual growth of 15 percent or more for the last 10 years. Sodrugestvo employs 1,350 and is privately held.
This release is available online in the Feintuch Communications media room located at http://www.feintuchcommunications.com/sodru.
SOURCE Sodrugestvo Group