Cargill Makes First Investment in Pakistan, Taking Stake in Country’s Leading Bulk Terminal
Cargill has made its first investment in the country of Pakistan, taking a minority stake in Fauji Akbar Portia Marine Terminal Limited (FAP) - the country’s leading bulk terminal. Under the terms of the deal Cargill will handle grains, oilseeds, cereals, and fertilizers at Port Qasim, and Fauji Foundation will be enabled through Cargill’s global port and bulk handling experience to strengthen FAP’s supply chain to generate greater value for its stakeholders, suppliers, customers, and employees.
Already a leading soybean and palm supplier to Pakistan, Cargill first announced its intent to enter the country in January 2019 when it referenced investing $200 million in the country.
Cargill stated that the deal strengthens its global port operations footprint, and together the two partners will position FAP for its next stage of growth and profitability, adding that it is open expanding into other sectors in Pakistan.