COFCO International Brasil SA awarded new Santos port terminal
São Paulo, Brazil - COFCO International Brasil SA has won a 25-year concession for a new agriculture solid bulk terminal, set to be one of the largest in the Port of Santos.
Once fully operational in 2026, the STS11 terminal, awarded to COFCO International Brasil SA at a government auction on Wednesday, will expand the company’s own port capacity in Brazil to 14 million tonnes and support company plans to increase exports from the country. As part of the lease agreement, COFCO International Brasil SA will invest in the modernisation and expansion of the terminal facilities.
The investment will provide farmers more choices and create new opportunities for COFCO International Brasil SA to cooperate with local industry partners and logistics companies.
COFCO International Brasil SA already sources agriculture commodities from more than 7,000 farmers and actively supports the development of a fully traceable and conversion-free soy supply chain.
COFCO International Brasil SA is committed to the sustainable development of Brazilian agriculture, farmers and communities for the long-term.
Operations at STS11 are expected to start in 2025/2026.
