Cargill continued its international investment on Nov. 28 with the
announcement of plans for a $235 million expansion in the Philippines
over the next two years.
The company said the investment would meet the increased domestic
demand for chicken and pork along with delivering solutions in key areas
of the global agricultural supply chain. Cargill also will support the
growth of Cargill Joy Poultry Meats Production Inc. (C-Joy), a joint
venture between Cargill and Jollibee Foods Corp. (JFC) that was
finalized in 2017.
Cargill employs 2,200 workers across 27 locations in the Philippines.
The company also plans to contribute $130,000 to support the
Inclusive Business Capacity Building Fund. The fund is set up to help
Filipino farmers become more successful.
While in Southeastern Asia this week, Mr. MacLennan and Cargill also
announced a $70 million investment in the company’s poultry and seafood
business in Thailand.