Multan: Louis Dreyfus Company (LDC) on Wednesday announced the inauguration of its new grain storage facility in Multan, its first owned industrial site in Pakistan, adding approximately 40,000 metric tons of grain storage capacity in South Punjab to LDC's logistics capabilities in the country. 'Pakistan is an important market for grains and a key destination for LDC in South Asia, where growing populations and economies rely on strong, connected agricultural supply chains and trade flows,' said Rubens Marques, LDC's Head of South and Southeast Asia. 'This investment in Pakistan strengthens our presence in the domestic market as well as our ability to meet evolving customer needs in the region, in line with LDC's global strategy to further reinforce its core merchandizing capabilities.'

Pakistan is one of South Asia's major agricultural markets, and among the world's largest producers and consumers of wheat, with demand underpinned by a growing population of more than 250 million. Since establishing its presence in Pakistan in 2010, LDC has built up its position in the country's cotton, grains, oilseeds, pulses, rice and sugar markets, including a strong position in wheat. 'Pakistan's strong agricultural base and growing demand for grains continue to create opportunities for our business in the country,' said Muhammad Danyal, LDC's Country Head for Pakistan and Head of Grains and Oilseeds for Pakistan. 'Investing in logistics infrastructure enhances our service to both suppliers and customers, supporting more efficient and resilient supply chains as Pakistan's grains sector continues to develop, while contributing to local job creation.'

Louis Dreyfus Company is a leading merchant and processor of agricultural goods, founded in 1851. We leverage our global reach and extensive asset network to serve our customers and consumers around the world, delivering the right products to the right location, at the right time - safely, reliably and responsibly. Our activities span the entire value chain, from farm to fork, across a broad range of business lines (platforms): Coffee, Cotton, Food and Feed Solutions, Freight, Global Markets, Grains and Oilseeds, Juice, Rice and Sugar. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 100 million tons of products. Louis Dreyfus Company is active in over 100 countries across six geographical regions, and employs more than 20,000 people globally.