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February 26, 2021
BUSINESS

Cargill and TTS double storage capacity for Canopus grains terminal

Cargill and its joint-venture partner Transport Trade Services (TTS) have finalized their EUR 15 million investment project in Canopus Star, a grains terminal located in Constanta Port. The investment, launched in July 2013, increases the terminal’s operational capacity for grains from 50.000 tons to 110.000 tons. This investment transforms Canopus Star in a high performance operational structure, positioning the terminal as benchmark for operating grains in Constanta Port.
Vasile Varvaroi, Cargill’s Romania Country Manager indicated that “doubling the Canopus terminal storage capacity strengthens Romania’s strategic position in international grain trading. At the same time, the terminal supports our farmer partners, as a result of increasing storage capacity for crops. “
Finalizing the joint investment developed by Cargill and TTS in Canopus enables new operating parameters and high performing flexibility on the outtake and intake from the warehouse. “The investment project in Constanta was a strategic objective for TTS, ensuring increased process mobility supported by our logistics capabilities. Together with Cargill, we want to best capitalize the terminal’s new operational status, of importance to grains’ export through the Constanta Port.” Mircea Mihailescu, President of TTS Group stated.
As a result of this new investment, Cargill takes another key step towards growing its operations in Romania, under the company’s continuous development strategy, while TTS completes the company’s logistics chain.

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