Cargill has announced a further investment into its soy processing operations across the US, bringing its total commitment to $475 million.
With the investment, the company aims to improve operational efficiencies and increase its production capacity to better meet the growing demand for soy products in the country.
The investment includes upgrades and expansion projects across its network of crush facilities in seven states. Improvements will include faster unloading of oilseeds and loading of products, increased capacity and better overall logistics.
The total commitment includes Cargill’s previously announced $225 million investment into the expansion of its soybean crush and refined oils facility in Sidney, Ohio, which is expected to be completed next year.
Meanwhile, the company is more than halfway complete on boosting the production capacity at its soybean processing facility in Cedar Rapids, Iowa.
Some of the other largest projects include Cargill’s plans to more than double soybean unload capacity per hour at its facility in Wichita, Kansas; as well as making on-site automation enhancements in Kansas City, Missouri, which it claims will triple per hour truck load out capacity.
“We are positioning ourselves to meet the growing global and domestic demand for soy products both in food and fuel markets. These investments will better enable us to serve our end-use customers, while also providing greater market access and a better experience for farmers,” said Warren Feather, managing director for Cargill agricultural supply chain North America.
“Investing in our plants to better support our customer’s businesses is critical to create mutual value and ensure a healthy operating environment, while continuing to assess the needs in the market,” Feather added.
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