International Agroindustrial Corporation ADM invests in Illichivsk Commerce Seaport

International Agroindustrial Corporation ADM invests in Illichivsk Commerce Seaport

22.02.2016 News

International Agroindustrial Corporation ADM invests in Illichivsk Commerce SeaportThe ADM Company wants to invest in Illichivsk Commerce Seaport. It is reported by the press-service of the port.

The ADM already has the working capacities in the port of Odessa, the company decided to take a part in the tender for the implementation of the  investment projects on the territory of the  Illichivsk Commerce Seaport. This is an effective digest of the territory of the 4th terminal, in particular the long-term lease of  the 24th warehouse, and the modernization and construction of the new transshipment complex.

According to Sergei Kryzhanovsky, the director of the port, conducted in the port policy of maximum openness aimed for  attracting investors.

“Today three private stevedore companies work in the port. Our goal to increase that number to 10 in a year. It is quite possible to do. We are ready to consider any investment projects, about the lease of land, and about the efficient use of terminals and warehouses. In particular, the 24th warehouse. We are interested in long-term partnership”, – he said.

Archer Daniels Midland Company (ADM) is  the international agro-industrial corporation. Headquarters of the company is in the city of Decatur, Illinois, USA. The company was founded in 1902 in Minneapolis, Minnesota, USA. It was founded by George Archer and John Daniels  as a business for the production of linseed oil. In 1923, Archer-Daniels Linseed Company acquired the Midland Linseed Products Company, which was the beginning of the modern Archer Daniels Midland Co. Archer Daniels Midland manufactures, stores, transports, processes, deals in agricultural products. The company counts more than 27 thousand employees.

Source: latifundist.com

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