ST. PAUL, Minn., Aug. 1, 2013 /PRNewswire/ -- CHS Inc. (NASDAQ: CHSCP), a farmer-owned cooperative and a global agribusiness, today announced it has opened an office at Taipei, Taiwan. CHS growth in Asia-Pacific markets like Taiwan is part of the company's strategic aspirations to expand direct market access for its member owners and to meet growing customer demand.
"Taiwan is an important, strategic demand base for corn, wheat, soybeans and dried distillers grains (DDGS)," said Rick Browne, CHS senior vice president, Asia-Pacific region. "CHS has done business in Taiwan for many years and there is a strong customer acceptance of our farmer-owned business model. This office will allow us to better serve more Taiwanese customers, which adds value for our member-owners investments."
Bruce Huang will manage the Taipei office. He will be responsible for further building CHS market access, customer relationships, and overall office management. Huang previously held positions with Cargill in Taiwan and China.
CHS also has international marketing offices in Argentina, Brazil, Paraguay, Canada, China, Hong Kong, Korea, Hungary, Jordan, Romania, Russia, Bulgaria, Serbia, Singapore, Spain, Switzerland 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.
SOURCE CHS Inc.