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SOURCE CHS Inc.
ST. PAUL, Minn., Sept. 9, 2013 /PRNewswire/ -- CHS Inc. (NASDAQ: CHSCP), a farmer-owned cooperative and a global agribusiness, announced today it has opened an office at Montevideo, Uruguay, making it the fourth South American nation in which CHS has operations.
CHS growth in South American markets supports the company's strategic goal of expanding its business platform to meet growing customer demand and adding value to its member -owners' investment.
"CHS expansion into Uruguay will further build our grain origination and fertilizer distribution capabilities, and is a strategic complement to current operational and logistical activities in Argentina and Paraguay," said Stefano Rettore, senior vice president, CHS South America.
Sebastian Lavista will manage the CHS Uruguay office. He will report to Ignacio Bosch, general manager, CHS Argentina. Prior to joining CHS, Lavista was responsible for commercial business with Glencore in Uruguay. He earned a bachelor's degree in International Business at Catholic University of Uruguay, at Montevideo.
CHS also has international marketing offices in Argentina, Australia, Brazil, Paraguay, Canada, China, Hong Kong, Korea, Hungary, Jordan, Romania, Russia, Bulgaria, Serbia, Singapore, Spain, Switzerland, Taiwan and Ukraine.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2012, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.
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