Tag: Cargill

Cargill opens US$150m pectin processing plant in Brazil to meet demand for clean label texturising ingredients

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BRAZIL – American privately held global food corporation Cargill has opened a new US$150 million processing plant in Bebedouro, Brazil to enable it meet the increasing demand for clean label texturising ingredients.  Located in Brazil’s citrus growing region, the new site provides a large supply of fresh fruit peels – the raw material used in pectin production.   With an abundance of raw materials at its disposal, the new site will produce the full suite of Cargill’s pectin offerings, enabling the global food corporation to expand its presence in South America…

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Louis Dreyfus to build coffee facility in Vietnam as Cargill eyes greater share of Asia-Pacific’s chocolate market

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VIETNMAN – Agricultural commodity trading giant Louis Dreyfus Company (LDC) is expanding its presence in Vietnam through a new joint venture agreement with Poland-headquartered private label coffee company Instanta. Through the venture, the two companies are planning to build and operate a freeze-dried instant coffee plant in Binh Duong province, Vietnam. The joint venture will operate under the name ILD Coffee Vietnam, with construction expected to start in thefirst half of 2022 LDC says the joint venture presents another step in its strategy to pursue greater vertical integration and revenue…

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Cargill partners AeroFarms to develop climate resilient cocoa varieties

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US – Agricultural commodity trading giant Cargill is supporting the creation of a more sustainable cocoa sector by working with vertical farming pioneer AeroFarms to develop high yielding, climate-resilient cocoa varieties.   According to a statement from Cargill, the research collaboration brings together AeroFarms’ expertise in controlled environment agriculture, with Cargill’s extensive knowledge of cocoa agronomy and production practices.  The findings will yield new insights, targeting factors such as faster tree growth and greater yields.  It will also feature the accelerated development of varieties with enhanced pest and disease resistance while also looking at unlocking…

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Cargill, Continental Grain to acquire US poultry producer Sanderson Farms for US$4.53bn

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US – Cargill and Continental Grain Company have announced that they will acquire poultry producer Sanderson Farms for US$4.53 billion in an effort to bolster their presence in the US poultry market.  Upon completion of the transaction, Cargill and Continental Grain will combine the latter’s Wayne Farms subsidiary with Sanderson Farms to form a new, privately-held US poultry company.  According to a report by Food Dive, the new entity will control about 15% of U.S. chicken production, putting it in a better position to compete with larger competitors such as Tyson Foods and Pilgrim’s Pride.  Wayne…

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Cargill invests US$45m into production of soluble fibres to meet Europe’s demand for low-calorie products

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EUROPE – American multinational food corporation Cargill is investing US$45 million into production of soluble fibers in an effort to meet demand for low calories products in Europe.  According to a statement from the company, the investment will be pumped into Cargill’s existing facility in Wroclaw, Poland where construction of a soluble fiber products line is already underway. The company is expecting its initial offerings to be fully commercialized in the second half of 2022.  The move marks the company’s first entry into the European soluble fibre market and comes amid a growing demand for reduced-sugar products. Demand for low-sugar products grows…

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Cargill backs Ghanaian AgriTech Challeng, Egypt’s agri-tech startup Baramoda wins social impact program

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GHANA – Ghanaian impactor investor Kosmos Innovation Center (KIC) has announced OASAL Group and Fruitflour teams as the winners of the 2020 KIC AgriTech Challenge in Accra. Oasal Group is a start-up focused on converting agricultural waste into innovative products, while, Fruitflour is an agri-processing startup producing baby food from fruits and vegetables. The winners received US$50,000 each in seed funding and up to four years of business training, mentorship, and incubation at the Kosmos Innovation Center Hub located in Dzorwulu. The AgriTech Challenge is an acceleration programme aimed at…

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Cargill, WFP partner to promote sustainable corn growing practices in China

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CHINA — Agricultural commodities trading giant Cargill and the United Nations World Food Program (WFP) have partnered to promote sustainable corn growing practices in China.   To achieve their goal, Cargill and the WFP have launched a Holistic Agriculture Risk Management Project which will train farmers on how to reduce and alleviate the risks associated with corn farming.  Farmers will be taught on how to implement the application of innovative financial risk transfer approach of “insurance + futures”.  They will also be exposed to sustainable corn growing practices in an effort to increase their productivity…

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Cargill begins construction of new palm oil facility in Indonesia to meet rising demand

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INDONESIA – American global food corporation Cargill has announced that it is building a new US$200 million palm oil refinery in Lampung, Indonesia. The Lampung investment follows an announcement late last year of a US$20 million project to expand and modernise the company’s palm oil production facility in Port Klang, Malaysia. According to a statement from Cargill, construction work on the new facility has already begun and is expected to be completed late next year. Cargill says that recent years have seen strong demand for palm oil as its low…

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ADM to invest US$350m in soybean crashing capacity to meet rising demand

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US – Archer Daniels Midland (ADM) has announced that it will invest approximately US$350 million to build a new soybean crushing plant in North Dakota, US. The leading multinational food processing and commodities trading corporation said the new soybean plant will cater to increasing demand from the food, feed and biofuel industries. Based in Spiritwood, the crush and refining complex will reportedly feature ‘state-of-the-art’ automation technology and will have the capacity to process 150,000 bushels of soybeans per day. Construction of the facility, which ADM says is ‘strategically located’ in…

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Cargill acquires Leman Decoration to expand gourmet chocolate offerings

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US – American multinational food company, Cargill has acquired Leman Decoration Group, a supplier of cake decorations to the bakery sector, to bolster its gourmet chocolate offerings.   Currently Cargill is the second largest chocolate company globally and serves the gourmet market with its Veliche Gourmet, Smet, and Vanova brands. Leman Decoration Group’s portfolio spans cake decorations, chocolate printings, sugar-based decorations and wafers. The family-owned business has customers across 55 countries, combining its strength for product innovation with a vertically integrated, end-to-end supply chain, offering a platform for customer service.…

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