ADM, Marubeni Meld Pacific Northwest Grain Operations
Chicago, IL – Archer Daniels Midland Company and Marubeni Corporation have expanded and will rename their Kalama Export Company LLC joint venture at the Port of Portland, Oregon.
The move comes as the Japanese company has decided to combine its grain export elevator operations at the port’s Terminal 5 with those at the Columbia Export Terminal, a subsidiary of KEC, at the Port of Kalama.
As s result, the Kalama Export Company LLC joint venture will be renamed Pacificor, LLC.
KEC, which was formed in 1998 by Marubeni’s subsidiary, Gavilon Holdings, ADM and Agrex Inc. and exports grains and oilseeds via its grain elevator operation located in The Port of Kalama, Washington.
The Kalama and Portland grain elevator facilities “will continue to operate separately and maintain separate control of labor relations, but their common ownership is expected to improve efficiency and achieve more effective operation of the businesses,” according to a statement released by Archer Daniels Midland.
Established in 1949, Marubeni’s activities include importing and exporting, as well as transactions in the Japanese market, related to food, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, and include offshore trading, power projects and infrastructure, plants and industrial machinery, real estate development and construction, and finance, logistics and information industry.
Archer Daniels Midland is involved globally in the conversion of oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses.
With more than 270 processing plants, 470 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 140 countries.