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The Port of Itaqui, which ships grain in Maranhão, invests BRL 800 million to increase its capacity

Written by Bruno Teles
Published 14/02/2023 às 16:15
Updated 18/03/2023 às 13:36
Port of Itaqui
Port of Itaqui (Photo/disclosure)

CLI, along with three other consortium members, wants to increase the grain export capacity of the Maranhão Grain Terminal (Tegram) at the Port of Itaqui by 60%. These companies are controlled by IG4 Capital and Macquarie Asset Management. The objective is to expand the export possibilities of this terminal.

Via TV ASSEMBLEIA Maranhão 

O Maranhão Grain Terminal (Tegram) began an expansion process budgeted at BRL 800 million to increase its capacity to export grain. This expansion aims to improve the soy, soy meal and corn export corridor in the Mapito region – the last frontier of Brazilian agribusiness.

With the other three operators that operate in the port, an early renewal of the lease agreement was requested combined with a densification of the area. According to Helcio Tokeshi, CEO of CLI (Corredor Logística e Infraestrutura), this will represent a increase in capacity export by 60%. 

Tegram is the means for the Mapito region to reach new levels of development, offering effective logistical solutions to boost exports. The Tegram Complex will boost agribusiness, increasing the number of vertical silos and road hoppers by four times. This expansion was divided into four parts among the terminal operators: CLI, Glencore, Terminal Corredor Norte and ALZ Terminais Portuários. 

With this initiative, CLI stands out as an independent operator, focused on port infrastructure and logistics for the agro-industrial sector. Tokeshi, managing partner of IG4 Capital, has extensive experience in the field of port infrastructure and logistics and has contributed significantly to the regulatory modeling of this area.

The expansion of the Itaqui Grain Terminal (Tegram) reflects the enormous growth potential of the Port of Itaqui with the boom in soy and corn production in the Mapitro region and in the northeast of Mato Grosso. Tokeshi highlights the port's differentials, including favorable infrastructure, with the flow of grains through North-South Railway – logistically more attractive to producers than the Port of Santos – and Tegram's modern facilities. 

After completion of the works scheduled for 2026, the terminal will export 25,6 million tons per year, compared to the current 16 million tons. The expansion will make it possible to create a more viable export route for producers in the region, thus increasing competitiveness and opening up new possibilities for the future.

Since June 2020, CLI became part of IG4 Capital in a transaction of R$1,2 billion that involved the acquisition and restructuring of debt. 

The Coteminas group, controlled by Josué Gomes da Silva, son of former vice-president José Alencar, already owned CLI in the Port of Itaqui. During the pandemic, it was possible to renegotiate debts with nine banks and acquire a new terminal. According to Tokeshi, this was an aggressive offensive by the company in the area of ​​logistics that will certainly bring great benefits to the market.

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Bruno Teles

I talk about technology, innovation, oil and gas. I update daily about opportunities in the Brazilian market. With more than 2.300 articles published in CPG. Agenda suggestion? Send it to brunotelesredator@gmail.com

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