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Fortune 500 company opens HK grain office (01/05/2007)

Nasdaq listed CHS, a leading grains, food and energy company, has opened a grain marketing office in Hong Kong.

"This Hong Kong office is an important step for CHS in enhancing service and execution to our current Asian customers, gaining first-hand market information and promoting CHS as an attractive grain-supply source to new customers and the industry," said Rick Browne, senior vice president, Grain Marketing.

CHS grain marketing in the region has previously been handled through agency agreements. CHS is the third largest U.S. grain company and handles nearly 1.2 billion bushels annual, about 60 percent of which is exported. CHS exports U.S. grains and oilseeds including soybeans, corn, wheat and barley, as well as soybeans from its Brazilian operations.

"As customer requirements evolve, we will be evolving with them with an Asian presence focused on their specific needs," added Brian Schouvieller, vice president, Global Corn and Soybeans.

The Hong Kong office will be managed by Paul Tong and include Dennis Tsang, responsible for contracts and vessel execution, and Johnny Seto, as assistant. The three previously worked with CHS through the agency agreement.

CHS Inc. is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives. A Fortune 500 company, CHS is owned by farmers, ranchers and cooperatives from the Great Lakes to the Pacific Northwest and from the Canadian border to Texas, along with thousands of preferred stockholders. CHS provides products and services ranging from grain marketing to food processing to meet the needs of customers around the world. It also operates petroleum refineries/pipelines and, through a broad range of working partnerships, markets and distributes Cenex® brand energy products and renewable fuels, along with agronomic inputs and livestock feed to rural America.

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