News last update:7 Aug 2012

Seaboard invest in feed in Liberia

Seaboard Corporation, one time owner and operator of the National Milling in Buchanan, Grand Bassa County has returned to Liberia with an investment proposal of over US$30 to US$40 million, according to The Inquirer.

Vice President for Government Affairs of Seaboard Corporation, Ralph L. Moss said a proposal of US$30 to US$40 million investment has been submitted to the government of Liberia by his company.

Moss noted that Seaboard Corporation intends to cover three activity areas in its proposal that include:

  • Developing and operating a bulk grain terminal,
  • Developing a flour mill/feed mill complex, and
  • Operating the commercial Port of Buchanan, Liberia's second largest port.
Moss said that his company is committed to investing in the country once again especially in Buchanan City which according to him is situated at a strategic location for the kind of business Seaboard is intended to do in the country.

"Our Chairman is very, very committed to this project. That's why we've returned and we believe that we can form a partnership with the [Liberian] government to rebuild this great nation."

National Investment Commission chairman, Dr. Richard Tolbert welcomed the return of Seaboard Corporation and discussions are underway between the Liberian government and the investors on several issues relating to the operation of the company.

"We welcome the vision and interest of Seaboard, a major American Corporation especially in the midst of the global financial crisis where many investors are now turning their back to return to their various homes. We see no misjudgments or lack of interest on the part of Seaboard," the NIC boss said.

Seaboard Corporation,  a publicly traded American international food and transportation company once owned and operated the National Milling in Buchanan, commonly referred to as Flour Mill in Grand Bassa County from 1971 to 1989 when the National Milling was sold and the company left Liberia.

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