Cargill expands its operations in the Philippines

cargill-expands-its-operations-in-the-philippines
Cargill

In order to grow its business in the country in the coming years, Cargill plans to invest $235 million in the Philippines.

 

The investment is focused for the expansion of the its animal feed and nutrition unit and agricultural supply chain businesses. It will also support C-Joy, Cargill’s joint venture with Jollibee Foods to process chicken for domestic consumption.

 

Speaking of the Philippines investment, Cargill CEO Dave MacLennan said: “We are proud to have been in the Philippines since we started our business here 70 years ago. Working closely with the government, our customers, partners and the community, we are helping farmers thrive and are bringing safe and nutritious food to Filipino tables.”

 

“We are grateful for our partnership with the Philippines government as they welcome investments that enable Cargill to grow alongside the Filipino people and the local economy”, he added.

 

He also said, “Supporting the Inclusive Business Capacity Building Fund is another way we can help the world build food security. Smallholder farmers are an essential piece of feeding nearly 10 billion people by 2050 and they need all the help they can get to become more productive and profitable. I am also particularly pleased to see that this programme also focuses on advancing women in agriculture.”

 

It will expand its cooked poultry facility in Nakornratchasima and upgrade and refurbish an aqua feed production plant located in Petchaburi.

 

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