Agribusiness giant Cargill will build a factory in Primavera do Leste in the Brazilian state of Mato Grosso.
The venture will cost R$100 million US$20.23 million), the news agency Reuters reported on Friday 19.
The company’s focus is feeding beef cattle, with the production of animal supplements.
The construction of the unit will start this month and should end in December 2024.
Mato Grosso is the leader in producing grain biofuel and owns the largest national cattle herd.
CARGILL BUYS ANOTHER PLANT
According to Reuters, Cargill also intends to buy an industrial unit of Anhambi Produção Animal, located in Pato Branco in the state of Paraná (PR) and has just submitted the deal to the Economic Defense Administrative Council (Conselho Administrativo de Defesa Econômica).
The unit is capable of producing 60,000 tonnes of pelletized feed per year.
ABOUT CARGILL
Cargill offers food, agricultural, financial, and industrial products, and services to the world.
In Brazil since 1965 and with 11,000 employees, the company is present in 17 states, plus the Federal District, through industrial units, warehouses, port terminals, and offices in 147 municipalities.
In agriculture, the company purchases, processes, and distributes grains and other commodities to manufacturers of food products for human and animal consumption.
The company also offers products and services to farmers and ranchers.
With information from Revista Oeste
News Brazil, English news Brazil, Brazilian agribusiness, Cargill