Cofco International will inaugurate the first phase of its new terminal, STS11, at the Port of Santos later this month. The Chinese agribusiness giant is investing USD 285 million (about BRL 1.6 billion) to boost its annual export volume from 4.5 million tonnes to 14.5 million tonnes by 2026. Cofco secured a 25-year lease for a 98,000-square-meter area on the Right Bank of the port, with an option to extend the lease up to 70 years. The company plans to handle exports of various commodities, including soybeans, corn, soybean meal, and sugar. Currently, 90% of Cofco’s exports are sent to China, its primary market.
Source: A Tribuna/Datamar News
COFCO INTERNATIONAL TO LAUNCH FIRST PHASE OF NEW TERMINAL AT PORT OF SANTOS
Published On - 28 de March de 2025