Louis Dreyfus Plans $21M Update
by Wendy Culverwell
Louis Dreyfus Commodities will invest $21 million to remodel and update its grain elevator near the Rose Quarter.
Louis Dreyfus is the latest grain operator to announce investments totaling more than $65 million this month.
In early December, Columbia Grain Inc., said it would invest as much as $45 million over the next 30 months to expand its Portland grain handling facility. Columbia Grain will expand its T-5 operation following a 25-year extension of its lease with the Port of Portland.
Both companies remain embroiled in a contentious labor dispute with local longshore workers that threatens to disrupt one of the nation's most important grain export avenues.
Louis Dreyfus officials couldn't be reached to elaborate on its plans for the grain elevator. But the move comes just a year after Louis Dreyfus assumed full control over the facility after jointly operating it with Cargill.
In 2011, Louis Dreyfus said the grain exporting facility processed a record amount of grain and that all elevators on the Columbia River system were operating at capacity, hinting at the need to expand capacity.
The Louis Dreyfus application to the city of Portland was submitted by David Evans & Associates. It is pending. The grain elevator was first built in 1914 just north of the Steel Bridge.
Cargill, Louis Dreyfus Combine River Assets by Scott A. Yates, Capital Press, 10/19/1
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