US Cargill Invests US$ 69 Million in Brazilian Corn Processing Plant

Cargill unit in Uberlândia, Minas Gerais state, Brazil Cargill, a United States-based agribusiness company, which owns operations in Brazil, is going to invest 112.2 million reais (US$ 69.4 million) to expand production in the country. The investment should be made in Uberlândia, a city in the state of Minas Gerais, where the company is already present.

Cargill is going to install five new production lines in its corn processing factory. The premises will produce more corn for manufacturing starch, sweetener and by-products.

The information was supplied by the government of the state of Minas Gerais. Works will start right away and should be concluded by December next year. The new production lines will have annual processing capacity of 248,200 tons. According to projections by the company, 70 direct and 700 indirect jobs should be created.

The investment will expand the factory's production capacity by 70%. Of the total amount, US$ 53 million should come from Cargill itself, and the remainder from funding by the Development Bank of the State of Minas Gerais (BDMG).

"The expansion means that Cargill will continue to cater to the growing needs of its customers, as it consolidates its position as a leading solutions supplier in the starch and sweeteners segment," said the director at the Starch and Sweeteners Business Unit at Cargill, Marcelo de Andrade, upon signing a protocol of intention with the government of Minas Gerais.

By expanding the corn processing factory, Cargill aims to meet the demand from domestic customers and part of the Latin American market. Cargill is an international supplier of products and services in the fields of foodstuffs, agriculture and risk management. The company has 158,000 employees in 66 different countries.

Cargill's unit in Uberlândia works with 100% biomass-generated power. It comes from planted and certified wood splinters. Along with the expansion of the corn processing factory, an additional investment of 80 million reais (US$ 49.5 million) should be made in power generation.

In Brazil for 43 years, Cargill's profile is that of a diversified company. Its is rooted in the agribusiness sector and ranks among the country's leading food industries. Headquartered in the city of São Paulo, the company is present in 18 Brazilian states, by means of industrial units and offices in approximately 180 municipalities, and counts on roughly 27,000 employees.

Anba

Tags:

  • Show Comments (1)

  • Bill

    Helloooo, where is ch.c?

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil in New Dehli Readying the G-20 Troops

The Brazilian Minister of Foreign Relations, Celso Amorim, arrives today in New Delhi, India, ...

Fitch on the Lookout After Brazil Intervenes at Bank

On the night of November 12, 2004, the Brazilian Central Bank intervened at Banco ...

Brazilian Policeman Suspect of Torturing Journalists Surrenders

A Brazilian civilian police inspector who is accused of heading the militia that kidnapped ...

Brazil Should Not Fear Fed Chief’s Comments, Says Lula

Brazilian President Luiz Inácio Lula da Silva said on Friday, May 26, that the ...

Closer Ties Between Brazil and Arab World Bring Literature to Forefront

Brazilian Arab warmer relations have already translated into an expansion of cultural exchange between ...

Brazil’s Supreme Justice: ‘NYT’s Rohter Stays’

Workers’ Party Senator Cristovam Buarque, Lula’s old friend and his Education Minister until recently, ...

Open Letter to President Lula

You will not be able to accuse or avoid responsibility. Who are you going ...

IMF Lauds Brazil But Also Urges Budgetary Reform

IMF’s managing director Rodrigo de Rato, during a press conference in Singapore, Friday, September ...

Saudi Youths Get a Chance to Play Soccer in Brazil Against Their Idols

There is more to it than just winning or losing. The experience of playing ...

While Waiting US Fed’s Action Brazilians Warm Up the Market

Latin American stocks posted modest gains, with Brazilian shares getting a boost from tame ...