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Cargill-Owned Diamond V Expands Animal Health Plant
January 27, 2020
2 Min Read
Cargill's Diamond V recently completed a $29.1 million expansion project. Image courtesy of Cargill
Cargill-owned global animal health business Diamond V recently completed a $29.1 million expansion project at its Cedar Rapids, IA production plant, adding 100,000 sq ft of space to the plant’s footprint and new production and packaging capabilities, the agribusiness announced Friday.
“The demand for natural animal health products is growing, and this expansion will allow us to support our customers,” Mike Goble, global managing director for Diamond V at Cargill, said in a company press release.
The project consolidated production and packaging of its natural immune support products at the Cedar Rapids facility. Following the completion of the expansion, Diamond V will shutter another facility in Cedar Rapids and transfer 20 workers. New production assets are slated to become operational in February 2020.
Diamond V was acquired by Cargill in 2018.
Last December, Cargill revealed plans to invest $113 million to expand two cocoa powder processing plants in Africa. $100 million will be used to increase capacity at the firm’s plant in Yopougon, Ivory Coast by 50%. $13 million will be used to add capacity at the company’s processing plant in Tema
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