COFCO International has invested R$ 1.2 billion to acquire 979 freight cars and 23 locomotives to enhance its logistics capacity at the Port of Santos while promoting sustainability.

Target Information

COFCO International, one of the largest agribusiness companies globally, has announced a significant investment of R$ 1.2 billion to acquire 979 freight cars and 23 locomotives. This strategic move aims to enhance the company’s logistics operations by accommodating the rising demand at its new terminal located at the Port of Santos. The investment aligns with COFCO's commitment to sustainable infrastructure development while striving to meet its decarbonization goals.

The newly acquired assets are capable of transporting up to four million tons of grains and sugar from Brazil's Central-West region, where COFCO maintains warehouses and crushing facilities, as well as from its sugar mills in the interior of São Paulo, to the Terminal Export COFCO (TEC) situated in Santos. The choice to invest in railway assets underscores COFCO's intention to grow sustainably while significantly reducing logistics emissions.

Industry Overview in Brazil

Brazil’s agribusiness sector plays a pivotal role in the country's economy, representing a major share of national GDP and export earnings. The industry comprises various segments, including grains, sugar, and coffee, each