Article Date 03/12/2018

Image from : Cargill

Cargill ramps up investment in the Philippines

Source Food Business News

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.

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