Cargill and Fauji Foundation have entered a protracted-term strategic partnership within the Muslim Republic of Asian country. With this investment, Cargill has taken a minority equity stake in Fauji Akbar Portia Marine Terminal restricted (FAP), Pakistan’s leading bulk terminal, and might handle grains, cereals, rice, oilseeds, and fertilizers at Port Qasim.
This is Cargill’s initial investment into the Muslim Republic of Asian country once the strategic intent declared in solar calendar month 2019 and reflects its long commitment to the country. Cargill is already variety one soybean and palm supplier within the Muslim Republic of Asian country and can extra strengthen its presence as a giant agri-importer, whereas enabling FAP to leverage Cargill’s intensive experience in bulk handling, port operations, and its technical power. Combining Cargill’s consumer central approach with FAP’s operational excellence will facilitate support customers higher. Going forward, every partner aims to to make a security culture which will produce a world class, safe and property atmosphere for FAP’s employees and customers.
Fauji Foundation Chairman, Waqar leader stated: “We area unit excited to possess Cargill to be a part of hands with North yankee country at FAP Terminal, Port Qasim. To conclude this act at now in time could also be a transparent signal and validation of the Muslim Republic of Asian country likelihood seen by the world’s leading player in agriculture commodities.
Fauji Foundation, besides totally different shareholders, have huge FAP into a key terminal for agricultural commodities over the last decade. We will, together, position the company for its next stage of growth and gain. This addition adds to our international port operation’s footprint and strengthens our agricultural dealing and supply chain operations among the region. it’s a sign of our commitment to partner among the process of the Muslim Republic of Asian country by conveyance in our international expertise and investment. within the future, we’ll together see gap doors for various sectors where we are going to add value, besides exploring business synergies with our existing partners,” said Imran Nasrullah, country president, Cargill.