Grain and transportation firm Consolidated Grain and Barge Co., a part of CGB Enterprises Inc., recently finished a $32 million expansion project at its soybean processing plant at the Port of Indiana-Mount Vernon, a press release from the Ports of Indiana said Wednesday.
First announced in 2016, the company said the project will create new opportunities for Indiana farmers and provide more products for area agribusinesses.
“This investment means we will remain competitive in this global economy and it underscores our commitment to remain an essential partner in the Indiana agricultural community,” CGB President and Chief Executive Officer Kevin Adams said in a statement.
The plant at the Mount Vernon, IN port is the company’s sole soybean processing facility in the U.S.
“CGB’s commitment to its customers, it’s vision for smart growth and this expansion that more than doubles the size of its operation since it opened here in 1997 emphasizes its commitment to a strong future for soybean processing in southwest Indiana,” said Port of Indiana-Mount Vernon Port Director Phil Wilzbacher in the release.
The Port of Indiana-Mount Vernon opened in 1976.