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EGT Grain Export Terminal Opens, Creating New Opportunities for U.S. Farmers
July 12, 2012
 
Cutting the ribbon (from left): STX Business Group Chairman Duk-Soo Kang.; ITOCHU Corporation Chairman Eizo Kobayashi; EGT, LLC President & CEO Larry Clarke; Office of United States Trade Representative’s Chief Agricultural Negotiator, Ambassador Islam Siddiqui; and Bunge Ltd. Chairman & CEO Alberto Weisser.









With federal, state and local officials in attendance, top-level executives of ITOCHU and its partners Bunge North America and STX Pan Ocean gathered in Longview, Washington on July 9th to celebrate the official opening of EGT, the first grain export terminal built in the U.S. in 25 years. The facility, which is expected to handle as many as 200 ships per year, incorporates state-of-the-art technology that will reduce field-to-market time, helping to increase export opportunities for American farmers in the Pacific Northwest and beyond. 
 
In his remarks, ITOCHU Corporation Chairman Eizo Kobayashi highlighted the company’s role as a vital intermediary between grain producers and consumers: “ITOCHU’s slogan for food business is ‘For the next generation.’ Having and operating this state-of-the-art and the newest export facility since 1983 with partners in the United States, the world’s largest grain producing country, makes a significant contribution to the world by addressing its continuous growing demand of food and brings prosperity to people everywhere. As the chairman of ITOCHU, I am very proud that ITOCHU found great partners with whom to collaborate on this project.”
 
The ITOCHU International contingent at the event was headed by President & CEO Eiichi Yonekura and included Food Division General Manager Hajime Kaneko and members of his staff.
 
In his keynote address, Ambassador Islam Siddiqui, chief agricultural negotiator for the Office of U.S. Trade Representative, cited the economic importance of U.S. agricultural exports, which reached a record high last year of $137.4 billion and supported more than a million farm and related jobs.

Executives of the three partner companies on the eve of the opening ceremony (from left): ITOCHU Corporation Chairman Eizo Kobayashi; Bunge Ltd. Chairman & CEO Alberto Weisser; and STX Business Group Chairman Duk-Soo Kang.