ADM and Canadian cargo handler IMGS Group signed an agreement for the establishment of a joint venture in Pakistan. The joint venture will handle grains, oilseeds, feedstuffs, pulses and will sell goods domestically in the territory of Pakistan.
IMGS is one of the leading professional cargo handling and port operations companies in the world. Established in Canada, nearly sixty years ago, the group owns and operates cargo terminals in Asia, Africa and North America and has a growing network of 65 ports globally. They have a long history of discharging cargo in Pakistan.
“The launch of the new joint venture in Pakistan is an exciting opportunity to combine resources and experience in order to move large volumes of food and agricultural products from areas of production to areas of demand. The partnership strengthens our ability to keep product flowing in dynamic, challenging global conditions,“ said Jerome Daven, finance director, Global Trade.
“Pakistan is severely affected by a devastating flood, threatening people’s lives and damaging infrastructure, crops and livestock. Through ADM Cares, ADM’s philanthropic arm, we committed USD 200,000 to support the country in its efforts to rebuild affected areas,” added Daven.