Cargill buys edible oil refinery for $35M in Andhra Pradesh

03 December 2021 | News

The facility is expected to be fully operational by May 2022 image credit- shutterstock image credit- shutterstock

Cargill has acquired an edible oil refinery located in Nellore, State of Andhra Pradesh, India. Cargill’s $35 million investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand. The facility is expected to be fully operational by May 2022.

Highlighting the significance of this acquisition, Piyush Patnaik, managing director of Cargill’s edible oils business in India, said, “We have driven significant growth of our edible oils business in India over the last few years. This acquisition propels our expansion, specifically in southern India, and demonstrates our commitment to India and our customers in the country.”

The newly acquired refinery gives Cargill the capability to supply refined palm oil, palm olein, vanaspati (hydrogenated vegetable oil) and sunflower oil, which accounts for nearly two-thirds of the country’s sunflower oil consumption and is currently being underserved.

This facility also allows Cargill to produce and package its own edible oil brands for retailers and to better serve bakery and foodservice customers in the region. The refinery expands Cargill’s offerings into Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.

Comments

× Your session has been expired. Please click here to Sign-in or Sign-up
   New User? Create Account

© Copyright 2022. Nuffoods Spectrum. All Rights Reserved.
Website Design & Developed By : SCI Knowledge Interlinks