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Article: Itochu aims to double grains handling after 2011.(Shipping)
- Article from:
- Manila Bulletin
- Article date:
- July 3, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, July 3 (Reuters) – Itochu Corp., Japan's fourth-biggest trading firm, aims to double the volume of grains it handles globally when a terminal in the US Pacific Northwest starts operating in 2011, a senior official said on Wednesday.Last month, Itochu agreed to a joint venture to build a grain terminal in the US Pacific Northwest, along with agribusiness major Bunge and South Korea's shipping firm STX Pan Ocean.The export grain terminal has an annual capacity of about 8 million tonnes of grains.''From 2011, when the facility starts operating, we aim to handle 20 million tonnes of grains globally,'' a manager in the provisions division told Reuters.Wheat is ...