Tag: Cargill

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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Cargill invests in Bflike to accelerate development alternative proteins that closely resemble conventional meat

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NETHERLANDS- Agricultural commodities trading giant, Cargill has announced that it is investing in Bflike, a Dutch-based start-up with a portfolio of solutions for meat and fish alternatives as part of its effort to bring tasty plant-based products to market quickly and affordably. Cargill’s 50 percent investment in Bflike is realized through a JV with Blue Ocean Xlerator NV (BOX), a Dutch private incubator focused on sustainable innovations in the food sector. Bflike has developed a range of technologies and premix ingredient solutions for meat and fish analogues which includes patent-pending…

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Cargill, Tyson invest in new capacity expansion to meet anticipated rise in product demands

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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…

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Cargill expands specialty tapioca starch offerings in Asia, to invest $25m in US soybean processing plant

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US — US agricultural commodities giant Cargill is partnering with Starpro, a key food grade tapioca starch producer in Thailand, to expand its specialty tapioca starch offerings in the Asia-Pacific region. The collaboration with Starpro is the latest move by Cargill to grow its specialty starch portfolio in Asia-Pacific, after announcing the expansion of a cold-water swelling starch line at its sweetener plant in Pandaan, Indonesia, as well as the construction of a modified starch plant in Songyuan, China. According to Cargill, the agreement will cover a full range of…

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Cargill kick-starts safe water access project in Ghana’s cocoa-growing regions

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GHANA – Cargill Ghana Limited is seeking to setup ten mechanized solar water systems in partnership with Safe Water Network Gh. The sustainability partnership project, dubbed Expanding sustainable access to safe water in cocoa-growing communities in Ghana, aims at enhancing access to safe water in cocoa rural farming communities. The installation is expected to be completed in six months, at a cost of US$150,000. According to Cargill, the project is in line with its Community Wellbeing Strategic Action Plan linked to the United Nations’ Sustainable Development Goal (SDG) 6 of…

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Cargill inches closer to completion of Belgian innovation hub, supports sustainable grazing practices in the US

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BELGIUM- The construction of Cargill’s new Belgium-based innovation hub dubbed the ‘House of Chocolate’ comprising of an inspirational high-tech chocolate experience centre, a pilot plant and a sensory lab, is well underway and is anticipated to open in March 2022. Cargill says the soon to be opened US$21 million innovation hub is an integral part of our long-term “Journey to Joy 2022” vision to become the trusted solution provider for chocolate and will serve its broad customer portfolio. The chocolate experience center will be a platform for co-creation to improve…

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USAID partners with industry players led by Cargill to launch US$33m livestock management initiative

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AFRICA – The United States Agency for International Development (USAID) has launched a five-year US$33 million Transformational Strategies for Farm Output Risk Mitigation (TRANSFORM) initiative, aimed to improve livestock management and combat the threat of zoonotic diseases to both human and animal health in the region. USAID has tapped on the expertise of a consortium of industry players led by Cargill and including Ausvet, Heifer International, and the International Poultry Council (IPC). The initiative will harness innovation to sustainably improve animal health, strengthen animal agriculture production systems in Africa and…

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Cargill sells stake in Alvean joint venture to Brazilian partner Copersucar

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BRAZIL – Agricultural commodities trading giant, Cargill has agreed to offload its 50% stake in the Alvean sugar trading joint venture to its Brazilian partner and world’s largest sugar and ethanol company, Copersucar. Upon completion of the transaction, Cargill will exit the global sugar trading business, in line with its strategic goal of focusing more on its core food, agriculture, and trading businesses. The agricultural commodities traders however say that it will remain active in both global commodity trading as well as the sugar ingredient business in Brazil, Mexico, and…

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