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POSCO Daewoo to buy share in Mykolaiv port grain terminal

Mykolaiv, Ukraine (PortSEurope) February 14, 2019 – South Korea’s POSCO Daewoo has signed an agreement with local logistics company Orexim Group to buy 75% of an export grain terminal in Mykolaiv.

The terminal is under construction with completion scheduled for July 2019. The capacity of the terminal, which will be shipped for export to the main corn and wheat, will be 2.5 million tons annually.

POSCO Daewoo says that it will be able to control the entire supply chain of grain produced in Ukraine and effectively manage stocks.

The Orexim Group is engaged in the export of agricultural products, providing port and logistics services.

POSCO Daewoo is Korea’s largest trading company and a subsidiary of POSCO.

POSCO Daewoo trades in a wide range of products from steel, automotive and components, machinery and industrial electronics to non-ferrous metal, food resources, chemicals, commodities and textiles, with both local and international customers. It also plays an active role as a project organizer leading the implementation of overseas projects.

Source: Ukrainian Sea Ports Authority (USPA)

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