Thursday, 27 November 2014

BayWa further expands international agriculture business

BayWa AG has established a new trading company through its Dutch holding BayWa Agrar International B.V. The new company, Cefetra Iberica S.L., based in Madrid (Spain), gives the BayWa Group direct access to agricultural markets on the Iberian Peninsula. The new company caters primarily to the demand for agricultural commodities from customers in the feedstuff and food industries in Spain and Portugal.
Thereby, the Munich-based trading and services company is continuing to expand its international business with agricultural commodities in southern Europe. The BayWa Group recently established Cefetra S.p.A., based in Rome (Italy), which already marketed the first approximately 150,000 metric tons soy to customers in the feedstuff industry.
“By tapping into new markets in Europe, we are underscoring our aspiration of being the leading European company in agricultural trade, distribution and logistics with a global reach,” Klaus Josef Lutz, Chief Executive Officer of BayWa AG, explained. “Cefetra B.V. in Rotterdam is a platform for establishing new target markets in Europe as part of our internationalisation strategy. Cefetra Iberica S.L. will also leverage the existing network and infrastructure in the agricultural commodities business.” The BayWa Group plans to advance its internationalisation and enter new markets in future. “We see that processing customers in various countries across the continent are looking for a long-term partner who is rooted in Europe and has global coverage. We want to serve these customers.”
Cefetra Iberica S.L. has a team of around 15 employees, which give the company market expertise for Spain and Portugal. Customers for agricultural commodities, such as soy products or grain include producers of feedstuff or food and also

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