Staff Reporter
Islamabad
Cargill and Fauji Foundation have entered a long term strategic partnership in Pakistan. With this investment, Cargill has taken a minority equity stake in Fauji Akbar Portia Marine Terminal Limited, Pakistan’s leading bulk terminal, and will handle grains, cereals, rice, oilseeds and fertilizers at Port Qasim.
Fauji Foundation, through this partnership with the world’s leading agriculture company, will transform FAP’s supply chain to enhance overall value for all stakeholders including suppliers, customers, employees and shareholders.
This is Cargill’s first investment into Pakistan, after the strategic intent announced in January 2019 and reflects its long-term commitment to the country.
Cargill is already a leading soybean and palm supplier in Pakistan andwill further strengthen its presence as a significant agri-importer, while enabling FAP to leverage Cargill’s extensive experience in bulk handling, port operations and its technical know-how. Combining Cargill’s customer centric approach with FAP’s operational excellence will help support customers better.
Going forward, both partners aim to build a safety culture that will create a world class, safe and sustainable environment for FAP’s employees and customers.
