Nidera acquires terminal in Romanian Black Sea port

The port of Constanta is a traditional partner for Central and Eastern European countries with high agricultural production, playing a key role in the export of these products from the inlands of Romania and the Balkans, the company said in a statement.

Throughout the past years Nidera has already been using this terminal for the export of various grains and oilseeds. With an ever increasing market share as a result of improvements in its origination programme, full ownership of the terminal became essential for carrying out the company's growth strategy in this region, the statement said.

Nidera owns two inland silos in Romania and is planning two more. This new network of facilities will allow the company to further increase its origination capacity and optimise logistics.

The current USA/USC Terminal is known to be the most efficient in the port of Constanta. It 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.

Nidera is a major international agribusiness and trading company with an annual turnover in excess of $17 billion (13.7 billion euro).

($ = 0.806 euro)