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paul.nowak wrote: Matt, thanks for the comments. I made an error on the version of Plone. It's 2.5 Plone running on Zope 2.9x. In regards to the additional products, we have a skin installed and we have a product that we had custom developed for us that connects to a PostgreSQL database. We've looked at slow PostgreSQL queries causing problems and have not been able to find an issue. We've also tested for the case where the PostgreSQL server is down and have not been able to create an issue. We therefor...
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Bunge Acquires 50% Stake in Vietnamese Port Operator

SINGAPORE, Oct. 16 /PRNewswire-FirstCall/ -- Bunge Asia, the Asian operating arm of Bunge Limited (NYSE: BG), today announced the acquisition of a 50% stake in the owner/operator of Phu My Port. The investment provides Bunge with greater opportunity to serve customers in the growing market for agricultural commodities in Vietnam.

The transaction involves the acquisition of SSI Logistics, the French subsidiary of France's state-owned SSI/EMC Group. SSI Logistics owns a 50% stake in Baria Serece, the owner/operator of Phu My Port. The port is located on the Thi Vai River, approximately 70 km from Ho Chi Minh City and near a large number of commercial feed mill operations. It is the only commercial dry bulk port in Vietnam capable of receiving large, Panamax-class ships.

In 2004, Bunge secured exclusive access to the port for shipments of agricultural commodities. Acquiring an ownership stake will enable Bunge to invest alongside its partners to expand the operation's capacity and traffic. Plans call for adding new storage facilities and more efficient discharging equipment that should increase capacity significantly in the next several years. Bunge is developing plans to construct a soybean processing plant within the site as well.

Vietnam, with a population of 86 million and rising per capita income, is a fast growing market for soybean meal and other agricultural commodities. Market forecasts call for aggregate volumes of soybean meal, corn and wheat imports to increase by approximately 10% per year over the next five years.

About Bunge

Bunge Limited (www.Bunge.com, NYSE: BG) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge's over 25,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including "may," "will," "expect," "anticipate," "believe," "intend," "estimate," "continue" and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could affect our business and financial performance: our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances; estimated demand for the commodities and other products that we sell and use in our business; industry conditions, including the cyclicality of the agribusiness industry and unpredictability of the weather; agricultural, economic and political conditions in the primary markets where we operate; and other economic, business, competitive and/or regulatory factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.

SOURCE Bunge Asia

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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