New deal for Rosyth
Cefetra to switch agri-handling from Clyde to Forth
The Glasgow-based company has signed a long- term contract with Forth Ports to switch handling from King George V Dock to the Port of Rosyth.
Forth will invest in Rosyth to provide Cefetra with a purpose-built facility, enabling it to become the main agri-hub in Scotland, handling an extensive range of agricultural products.
It will be deepened to provide a deep water port capable of taking vessels carrying up to 50,000 tonnes of cargo. Storage capacity will be increased to about 100,000 tonnes.
Andrew Mackay, managing director at Cefetra, said: “We expect to increase the efficiency of our supply chains, taking advantage of scale and location, to bring additional benefits to our customers and to Scottish agriculture.
“Our expectation is to develop an annual throughput in excess of 500,000 tonnes of agricultural products, worth more than £100 million.”
Charles Hammond, chief executive of Forth Ports, said it will allow the port “execute on another significant investment programme”.
Cefetra, which trades over four million tonnes a year, is a subsidiary of the German company BayWa, and is the largest agricultural trading company in Scotland with an annual turnover in excess of £800 million.
It dispatches between 75,000 and 85,000 tonnes of raw materials to industry partners every week and delivers 500 to 550 lorry loads per day.
It recently acquired speciality trader Premium Crops, which operates from Winchester. It also acquired the forward book of grain trader Dalmark in Peterborough.