With the new port project , Bunge prepares to re-strengthen its position in the Australian market in which the company had assets in different fields in the past. As one of the world’s leading grain traders, Bunge accelerated its activities to regain scale in Australia where it once owned assets from flour milling to steel. According to the news from Agrimoney.com; the company plans include a second port grain terminal, less than a month after opening its first. The company announced that its Australian subsidiary will build a bulk grain export terminal at Geelong, in the state of Victoria. The terminal, which will handle 450,000 tons of grain a year, will comprise a grain receival facility and three storage silos, and link to an existing woodchip loading facility at the port. Bunge Australia general manager Chris Aucote, who is also president of the Australian Grains Exporters Association, and was formerly grains representative of the Victorian Farmers Federation, said that the company had received "very good co-operation" from Geelong's port managers and added; "We see this investment as being strongly positive.”