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Cargill Invests in Seafood, Poultry Assets in Thailand
November 28, 2018
1 Min Read
A Cargill feed production site in Thailand. Image courtesy of Google Maps
American agribusiness Cargill said it plans to dedicate some $70 million toward bolstering its presence in Thailand’s seafood and poultry markets over the next two years as demand for the proteins grows throughout the world.
The investment includes the acquisition new technologies for its poultry supply chain, an expansion project at its Nakornratchasima cooked chicken plant, upgrades at an aqua feed manufacturing site in Petchaburi, and funding research and development activities at the firm’s Technology Application Center.
“By investing in technology innovation, we can make our supply chains as efficient and sustainable as possible – as we work to nourish those in Thailand and around the world,” Cargill Chief Executive Officer and Chairman Dave MacLennan said in a company press release announcing the plan.
Poultry-related operations make up about 80% of Cargill’s footprint in the Asian nation, which includes 14 facilities. The company exports poultry produced in Thailand to over 28 countries.
Cargill has invested more than $1.5 billion in its operations in Thailand since entering the market in 1968.
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