NORTH AMERICA – Commodities trading giant Cargill and meat processing giant Tyson have announced new investments in capacity expansion aimed at meeting anticipated rise in demand.
On its part, Cargill plans to construct a new canola processing facility in Saskatchewan, Canada, in an effort to meet growing global demand for canola products.
Construction of the US$350 million project will begin work early next year and is expected to operational by early 2024, creating approximately 50 full-time jobs in the process.
Located in Regina, Saskatchewan, the facility is projected to have an annual production capacity of 1 million metric tonnes and is expected to provide a consistent and fast point of delivery for farmers and end users.
In addition, Cargill plans to update and modernise its other two canola crush facilities in Camrose and Clavet over the next 12 months to increase volume and broaden its capabilities.
“We are confident in the continued growth and competitiveness of the canola processing industry and look forward to helping farmers access increasing market demand,” said Jeff Vassart, president of Cargill Canada.
“Through these projects, we’re committed to providing a better, more efficient customer experience across our network, making it easier to do business with Cargill.”
The US$350 million investment builds upon Cargill’s overall work to modernise and expand capacity across its North America oilseeds network and comes after it announced a further US$475 million investment into its US soy processing operations.
The announcement also follows Cargill’s acquisition of Precision Ag, which operates four crop input retail sites in Saskatchewan.
Tyson Foods injects US$48m into Arkansas poultry operation expansion
Meanwhile Tyson Foods, the world’s second largest processor and marketer of chicken, beef, and pork, has announced that it will invest US$48 million to expand its poultry operation in Pine Bluff, Arkansas.
Built by Tyson Foods and opened in 1991, the Pine Bluff plant and related operations produce fully cooked chicken products for foodservice and retail customers and employs more than 1,100 people.
The newly announced investment will introduce extra capacity to the plant’s fully cooked processing lines, which manufacture chicken tenders and strips, boneless and bone-in wings, and air-fried products.
The project which is expected to be completed by the end of this year will also add automated processes to product packing lines and create nearly 70 jobs.
“The demand for convenient, high-quality chicken products continues to grow and we’re investing in projects that meet the needs of our customers and consumers,” said Donnie King, chief operating officer and group president, poultry for Tyson Foods.
Tyson Foods recently inaugurated a new poultry complex in Humboldt, Tennessee, following a total investment of US$425 million.
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