VERACRUZ

However, the concession route has not been adopted for the upgrading of facilities and Quay 5, at least not for the moment.

Archer Daniels Midland Company (ADM) has bought a 78.5% stake in the Veracruz stevedoring company Terminales de Cargas Especializadas (TCE). ADM is already Mexico’s second leading importer of agricultural grain and the acquisition should help improve its vertical integration in the country. Cargill similarly acquired control of the Alsur grain terminal in the port several years ago, being nowadays Mexico’s leading agribulk importer.