Rumo and CHS Agronegócio will form a joint venture

Rumo S.A. and CHS Agronegócio Indústria e Comércio Ltda. work on forming a joint venture. The objective is to transform the CHS road transshipment warehouse in Alvorada (TO) into a road-rail transshipment terminal.

The companies aim to expand the supply of storage and transshipment capacity in the state of Tocantins. In this way, they create an alternative outlet for producers in the region.

As determined, CHS will contribute to the new company with the contribution from the warehouse (see photo below). And Rumo will make its cash contribution in an amount equivalent to that estimated for the property.

The CHS property is located close to the railway network of Rumo Malha Central S.A., a subsidiary of Rumo, which allows greater agility in the company's logistics operations. From this property, there is rail transport both towards the export corridor of the North Region (towards the Port of Itaqui) and towards the export corridor of the Southeast Region (towards the Port of Santos).

Rumo's press office was contacted. He informed that the company will not comment at this time.

The conclusion of the deal depends on authorization from the competent administrative bodies.

Find out more about Rumo S.A.

Rumo is a joint-stock company that trades shares on the stock exchange (B3). Its controlling shareholder is Cosan S.A. This, in turn, part of the Cosan Group, develops activities in the segments of liquid fuel distribution, production and distribution of lubricating oils, agricultural land management, sugar and ethanol production, natural gas distribution and railway and port logistics.

Rumo controls or has a relevant interest in at least the following legal entities: ALL – América Latina Logística Armazéns Gerais Ltda.; Brado Logística e Participações S.A.; Brado Logística S.A.; Elevações Portuárias S.A.; Logispot Armazéns S.A.; Portofer Transporte Ferroviário Ltda.; Rhall Terminais Ltda.; Rumo Energia I Ltda.; Rumo Energia II Ltda.; Rumo Energia III Ltda.; Rumo Energia IV Ltda.; Rumo Energia IX Ltda.; Rumo Energia V Ltda.; Rumo Energia VI Ltda.; Rumo Energia VII Ltda.; Rumo Energia VIII Ltda.; Rumo Intermodal S.A.; Rumo Malha Central S.A.; Rumo Malha Norte S.A.; Rumo Malha Oeste S.A.; Rumo Malha Paulista S.A.; Rumo Malha Sul S.A.; Termag -Terminal Marítimo do Guarujá S.A.; Terminal São Simão S.A.; and Terminal XXXIX de Santos S.A.

Find out more about CHS Agribusiness

CHS Agronegócio Indústria e Comércio Ltda. is a company of the CHS Group Inc. This group consists of cooperatives owned by American farmers, ranchers and cooperatives.

In Brazil, in the agricultural sector, it operates mainly in the purchase of grains, exports (soy, corn, wheat and barley), distribution of fertilizers and sale of ethanol.

Many of its grain exports occur through TCN (a company that is part of the Tegram consortium), with an access terminal at the Port of Itaquí. In imports, storage and mixing of fertilizers, it operates in Paranaguá and Rondonóplis.