Cargill to Expand Feed Production in South Korea by 68%

Cargill’s South Korean subsidiary, Cargill Agri Purina, plans to boost production of feed in the country by 68% through 2025 from 1.6 million tn/yr to 2.7 million tn/yr, Reuters and several South Korean news organizations reported.

“The company will build on its position as one of the leading players in the Korean livestock market and aims to double its market presence by 2025,” Cargill said in a statement published by Reuters.

At a celebration of the 50^th anniversary of the firm’s South Korean operations, Cargill’s chief executive officer David MacLennan said that the effort to expand capacity stems from confidence in the local market – the ninth largest feed market in the world, South Korea’s Yonhap News Agency reported.

“We are proud of the legacy built by the hard work of our employees in Korea, and we are committed to continue to invest in and grow in this market,” MacLennan said at a media briefing, Yonhap’s article said.

Following the capacity expansion, the output of Cargill’s operations in South Korea will account for 20% of the company’s total feed production globally. In 2015, the firm built its largest production line in the world at a feed mill in Pyeongtaek, South Korea.

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