Chinese state-owned agribusiness COFCO has announced a major expansion of its operations in Brazil, with plans to build the country’s largest soyabean crushing complex, UkrAgroConsult reported.
The investment would be carried out by the company’s overseas arm, COFCO International, which would allocate more than BRL2bn (approximately US$400M) to expand its existing processing facility in Rondonópolis, the 21 April report said.
The project was scheduled for completion by early 2028, UkrAgroConsult wrote.
COFCO is China’s largest food processor, manufacturer and trader, and one of Asia’s leading agribusiness companies. The group plays a key role in China’s domestic grain supply chain and is a major global trader of soyabeans, corn and other agricultural commodities.
Following expansion, the Rondonópolis plant’s crushing capacity would more than double from around 4,500 tonnes/day to approximately 10,000 tonnes/day, making it the largest soyabean crushing complex in Brazil, the report said.
As well as producing soyabean oil, meal and biodiesel, the complex would also strengthen Rondonópolis’ position as a major agribusiness hub in central-west Brazil, UkrAgroConsult wrote.
Headquartered in Geneva, Switzerland, COFCO International is active in global grains, oilseeds, sugar and cotton supply chains, and has assets in 36 countries across the Americas, Europe, Africa and Asia-Pacific.
According to its website, COFCO International handled over 108M tonnes of related commodities in 2024 with revenues of US$38.5bn.
