The Dutch trader Nidera, own by the Chinese company COFCO, has fully acquired the USA/USC Terminal in the port of Constanta, Romania, securing its position in this strategic port at the Black Sea. The current USA/USC Terminal is known to be the most efficient in the port of Constanta.
“This acquisition fits perfectly in our growth strategy. It is a great opportunity for Nidera to establish and sustain a leading position in the origination and distribution of agricultural commodities in Central and Eastern Europe,” Marc Kwakkelstein, Executive Vice President Europe of Nidera said in a press release.
Throughout the past years Nidera has already been using this terminal for the export of various grains and oilseeds. However, with an ever increasing market share as a result of improvements in our origination program, full ownership of such a terminal in the port of Constanta is essential for the realization of our growth strategy in this region, a release also reads.
The terminal comes in addition to the two currently owned inland silos and the two planned silos in Romania. This new network of facilities will allow Nidera to further increase the origination capacity and optimize its logistics.
The port of Constanta is a traditional partner for Central and Eastern European countries with high agricultural production. It plays a key role in the export of these products from the inlands of Romania and the Balkans. The terminal has a total storage capacity of 250,000 metric tons and is able to load two Panamax vessels at the same time, with loading facilities for trucks, trains and barges.