American giant Cargill, one of the leading players on theRomanian agriculture market, with operations in oil production andgrain trade, has acquired a grain silo with a 44,000-tonne capacityin Drobeta Turnu Severin.
This is one of the biggest silos in Romania and is part of thecompany' strategy to take over strategic locations along theDanube, similarly to its competitor, another major grain trader,Alfred Toepfer.
Market sources say the silo belonged to businessmen Ioan andViorel Micula through West Grain SRL, which has a silo in TurnuSeverin and is held by one of the companies in the European Drinksgroup, EDRI Trading. The Micula brothers denied theinformation.
The investment in the Drobeta Turnu Severin silo will create 20jobs, with the local silo network of the American group reaching 18storage facilities. Cargill will store 8% more grains following theinvestment, with its overall capacity reaching 500,000 tonnes.Romania has a total grain storage capacity of around 14 milliontonnes.
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