Cargo Business Newswire

Thursday, July 24, 2014

Cargill to invest $45M in Memphis grain terminal

Cargill announced it would invest $45 million to construct a grain handling and shipping plant in West Memphis.

Cargill, which operates a corn mill on Presidents Island in Memphis, said in a statement that the new facility would "become a key origination point in the south for soybeans, corn, milo and wheat."

The West Memphis facility will have three truck-receiving areas for unloading grain and will be capable of holding up to five barges, loading as many as eight barges in a full day or 50,000 bushels per hour, Cargill said.

"Our farmer-customer base on the southern river system is strategic to Cargill’s global supply chain, and the West Memphis facility will be a very competitive market for deliveries," said Fred Oelschlaeger, regional manager for Cargill’s Southern River Region of grain elevators and farm service centers. "The West Memphis location will be easy to reach with large semi-loads of grain, and will have excellent access for loading barges, during both high and low river levels."

State Senator Keith Ingram of West Memphis said the new facility would be good for Arkansas agriculture. "Over the years, corn and soybean production have increased in Arkansas and the West Memphis elevator will provide an additional market," he said. "The facility will further link Arkansas to the global marketplace."

Cargill said the West Memphis facility would complement the company’s grain storage assets on the Mississippi River and export facilities in the Gulf.

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