Archer Daniels Midland Company (ADM), through its affiliate Alfred C. Toepfer International (ACTI), has expanded its grain storage, transportation and export operations along the Danube river in Romania, according to Marketwatch.com. The project includes 12 grain elevators along the Danube, one inland-storage elevator in Western Romania, and a joint-venture export elevator in the Black Sea port of Constanta.

"We see great opportunities to increase our origination and transportation capabilities along the Danube River in Romania, which has become a net exporter of grain and oilseeds over the past several years," said Gary Towne, chairman of the management board of ACTI.

The network includes three river elevators at Giurgiu, and one river elevator each at Braila, Constanta, Corabia, Oltenita, Orsova and Zimnicea, according to Marketwath.com.

ACTI was founded in 1919, and has been active in trading grain, oilseeds and feedstuffs. The company is headquartered in Germany, with 36 branch offices around the world.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)