Noble expands investments in Brazil

Hong Kong based commodities trading Noble Group plans to expand its presence in Brazil where it already operates in soy, sugar, ethanol, logistics, fertilisers and coffee.

Ricardo LEiman, COO says Brazil is the second top market for the company after Australia.

The company last year acquired five corn and soy storage facilities and expanded its sugarcane plantations.

The company also invested in logistics in several port terminals at Maranhao - the Itaqui port is to have a ethanol storage facility mulled by Temmar filial.

Noble also plans to expand the fertilisers mixing business of the 50-percent owned Peninsula Fertilizantes. Leiman says all investments would use the cash flow of Noble, even though there might be a decrease on the assets of potential interest due to the financial crisis.