La empresa china Cofco está expandiendo sus operaciones en Brasil, donde está construyendo una nueva terminal portuaria.
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Cofco’s operational expansion drives significant hiring

Fundación Andrés Bello

Photo: Wikimedia Commons.

According to a report by Yahoo Finanzas, the company from the People’s Republic of China, Cofco International, as part of its expansion in Brazil—where it is building the largest export port terminal globally—has stated that it is hiring a significant number of Brazilians for the project.

This operation by Cofco takes place in a context where some of its main competitors, such as Archer Daniels Midland Co, which operates in the United States, are cutting costs and reducing staff in their global operations.

In response to the new tariffs resulting from the trade conflict between the United States and China, Cofco declined to comment or specify how many jobs it expects to generate with its hiring efforts, according to Reuters.

It is worth noting that Cofco is one of the leading companies in grain exports from Brazil and has already made investments in the country’s most important soybean port, located in Santos. Additionally, the company also exports sugar, cotton, oilseeds, and coffee.

As part of its expansion in Brazil, in Santos, Cofco is constructing a new grain terminal, which is expected to begin operations by the end of this year. The company is currently conducting studies and operational tests to complete the first phase of the project.

Last but not least, it is expected that once the second phase of construction is completed, the company will be able to increase its export capacity to 14 million metric tons of grain, a significant rise compared to the 4.5 million tons it currently exports.

Main Source:

China Cofco contrata a decenas de personas en medio de expansión de operaciones en Brasil – Yahoo! Finanzas

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