Koch Fertilizer Opens Storage Facility In Brazil
Bonded warehouse in Paranaguá adds flexibility and improves product availability for customers.
April 28, 2014
Koch Fertilizer Trading Sarl Sucursal Uruguay (KFTU) has announced the opening of its new bonded warehouse in the port of Paranaguá, Brazil. The state-of-the-art facility - built, owned and operated by RochaLog - will be used exclusively by KFTU. With storage capacity up to 57,000 metric tons, KFTU intends to market and sell a variety of fertilizers from the facility.
“Our bonded warehouse in Paranaguá, Brazil will allow us to sell to our customers in any state, providing greater flexibility for them to manage their purchase planning and inventory control,” said Reinaldo Bello, managing director of Latin America Sales and Trading for KFTU. “Our customers will benefit from immediate availability and faster order fulfilment from our storage inventory, instead of waiting for products that may be delayed on a vessel waiting for a berth.”
At bonded warehouses, products are unloaded and warehoused, but treated as though still in international waters. Once the product is sold, the purchaser is responsible for all importation fees and taxes.
KFTU, based out of Montevideo, Uruguay, serves customers throughout Latin America.
About Koch Fertilizer, LLC
Koch Fertilizer, LLC and its subsidiaries own or have interests in nitrogen fertilizer plants in the United States, Canada, and Trinidad and Tobago. The companies cover global demand through state-of-the-art terminals in the U.S., Canada, Mexico, Brazil, Australia, France and the United Kingdom. Koch Fertilizer, LLC and its affiliates have the capability to market and distribute more than 13 million tons of fertilizer products annually. Koch Fertilizer, LLC is an indirect, wholly owned subsidiary of Koch Industries, Inc. www.kochfertilizer.com
About Koch Industries, Inc.
Based in Wichita, Kan., Koch Industries, Inc. is one of the largest private companies in America with annual revenues of about $115 billion. It owns a diverse group of companies involved in refining, chemicals and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control equipment and technologies; electronic components; commodity trading; minerals; energy; ranching; glass; and investments. Since 2003, Koch companies have invested about $60 billion in acquisitions and other capital expenditures. With a presence in about 60 countries, Koch companies employ more than 100,000 people worldwide, with about 60,000 of those in the United States. From January 2009 to present, Koch companies earned nearly 800 awards for safety, environmental excellence, community stewardship, innovation, and customer service: www.kochind.com