CHICAGO, ILLINOIS, US — ADM has partnered with Toronto, Canada-based IMGS Group to establish a joint venture that will handle grains, oilseeds, feedstuffs and pulses in Pakistan. The joint venture also will sell goods in Pakistan.
IMGS is a cargo handling and port operations company that owns and operates cargo terminals in Asia, Africa and North America and has a growing network of 65 ports globally. The company has a long history of discharging cargo in Pakistan.
“The launch of the new joint venture in Pakistan is an exciting opportunity to combine resources and experience in order to move large volumes of food and agricultural products from areas of production to areas of demand,” said Jerome Daven, finance director for global trade at ADM. “The partnership strengthens our ability to keep product flowing in dynamic, challenging global conditions.”
ADM said the new joint venture is part of its continued commitment to ensuring all people have access to the fundamental nutrition they need.
“Pakistan is currently severely affected by a devastating flood, threatening people’s lives and damaging infrastructure, crops and livestock,” Daven said. “Through ADM Cares, ADM’s philanthropic arm, we committed $200,000 to support the country in their efforts to rebuild affected areas.”
