Cargill, Inc. announced it has bought a 25% stake in a Black Sea port grain terminal in Novorossiysk, Russia. This venture marks the company’s first investment in a Russian port on the Black Sea. The purchase will improve the company’s ability to ship grain from Russia as it plans to expand operations in the region. The facility has the capacity to handle 3.5 million tons of grain per year and is a strategic purchase as the company has begun construction on a sunflower oil processing plant in the Volgograd region of Russia.
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