July 15, 2008


Brazil's Coamo to upgrade soy crushing capacity, improve storage and logistics


Brazilian agricultural cooperative Coamo has started an investment programme of 180 million Brazilian reals (US$112 million) to improve soy crushing and improve its logistics operations, Coamo's press officer Ilivaldo Duarte confirmed on Monday (July 14, 2008).


A total of BRL68 million (US$42.63 million ) of Coamo's investment will be spent expanding its soy crushing capacity to 3,000 tonnes per day from 2,000 tonnes at its Campo Mourao complex in Parana state, reported business daily Valor Economico.


The rest of the investment will be split between improving grain storage units, logistics and expanding its range of industrial products, Valor reported Coamo's president Jose Aroldo Gallassini as saying.


The cooperative expects to reach BRL4.2 billion (US$2.63 billion) in revenue in 2008, a 23.5-percent increase from the BRL3.4 billion (US$2.13 billion) in 2007, said the newspaper.

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