Sao Paulo, Brazil, 21 Jan – Brazilian group Nutriplus has set up a partnership with the China BBCA Group Corp to link Brazilian ports to the port of Shanghai in exporting foodstuffs, such as sugar, coffee and meat, the chairman of the JLJ group said Tuesday in Sao Paulo.
Ignácio de Moraes Júnior, chairman of the group that controls Nutriplus, one of the biggest food service providers to schools in Brazil, said that the deal with the China BBCA Group Corp. China’s biggest state foodstuffs and citric acid company, will total US$140 million in 2009 and could be worth US$2 billion in 2010.
The partnership consists of buying a 70,000 square metre plot in Shanghai and building a distribution centre.
Nutriplus will have a 51 percent share of the new company and take on its chairmanship, whilst BBCA will keep 49 percent and its deputy-chairmanship.
Nutriplus will have exclusivity in Latin America and will procure, select, store and load whilst BBCA will provide transport and distribution within China.
The partnership aims to reduce transport, storage and security costs of cargo of this type, transported from Latin America, via a new commercial route that will focus on distribution based in Shanghai, the biggest Pacific coastal city in China, without passing through Hong Kong. (macauhub)