by FoodBizDaily staff writerÂ
October 30 2009 - Louis Dreyfus Corp.'s Coffee Group is investing around U$3.4 million in a dry coffee mill and warehouse in Perote, Mexico.
For the first time investing in that country, the project will target both export and domestic markets.
The new plant named Beneficio el Cofre is at an altitude of nearly 8,202 feet in the state of Veracruz, with storage capacity of 200,000 60-kg bags of coffee.
According to the International Coffee Organization, Mexico is the world's sixth biggest coffee producer.
"The company is making a push on the investment side, really across all the commodities," said Jaye Irwin, vice-president of Louis Dreyfus Coffee Group, a part of LD Commodities Group. It will add onto the existing Compromex S.A. de C.V., the local subsidiary of Louis Dreyfus Corp, Irwin said.
"Plans for the site include future expansion into a multiuse facility for other commodities such as sugar and cotton," a company release said.
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Louis Dreyfus Commodities B.V.
Address: Westblaak 92, 3rd Fl. Rotterdam, 3012 KM The Netherlands
Telephone: +31-10-411-0480
Fax: +31-10-413-0432
About Louis Dreyfus Commodities B.V.
An affiliate of global conglomerate Louis Dreyfus Group, Louis Dreyfus Commodities (aka LDCommodities) buys, sells, and trades bulk commodities in more than 50 countries. It is one of the world's largest merchants, traders, and distributors of grains, oilseeds, coffee, cotton, and orange juice. It also handles rice, sugar, metals, and bulk ocean freight, and is making inroads in biofuels and financial trading markets. To support its activities, the company owns and operates ports, processing plants, and other infrastructure. Louis Dreyfus Commodities traces its roots to 1851.