American agribusiness Cargill is preparing to start a $25 million expansion project at its soybean crush plant near Fayetteville, NC, local economic development officials announced in a release Monday.
“Our plant in Cumberland County is an important link in the supply chain for North Carolina farmers and livestock producers, and these investments will help us serve customers more efficiently,” Don Camden, who serves as vice president, Cargill Agricultural Supply Chain North America, said in a statement.
The soybean oil processing site was established in 1970. During the project, Cargill will invest $5 million in real estate improvements and $20 million in “new personal property,” according to Fayetteville Cumberland Economic Development Corporation (FCEDC).
Cargill will receive a six-year, performance-based grant of $600,000 as a result of the investment. Work on the expansion is slated to begin before the end of this year.
Earlier this month, Powder & Bulk Solids reported that Cargill is cutting 80 jobs at its Cargill Cocoa & Chocolate facility in Milwaukee, WI as it halts liquor grinding, dry grinding, and retail packaging at the site.