Cofco International, a Chinese agricultural trading corporation, will invest BRL 1.2 billion to expand its logistics operations in Brazil, purchasing 979 wagons and 23 locomotives to deliver grains and sugar to the Cofco Export Terminal in the Port of Santos. The goal is to increase the efficiency of rail transportation by reducing reliance on road transport and greenhouse gases. It is expected to convey 4 million tons annually, equivalent to 100,000 truck trips. The new locomotives and wagons will be delivered in March 2025 and fully operational by 2026. The corporation also committed USD 285 million in the expansion of the STS-11 facility, to increase export capacity from 4.5 million tons to 14.5 million tons annually.
Source: BP Money (*Translated by Ia Niani)
COFCO INVESTS BRL 1.2 BILLION TO ENHANCE AGRICULTURAL TRANSPORT IN BRAZIL
Published On - 7 de February de 2025