CARGILL INVESTS IN THAI AQUACULTURE
Leading global investment company Cargill invests in Thai aquaculture. Cargill in Thailand has announced its continuing commitment to the country with investments of more than $70 million (USD) over the next two years to address the increase in global demand of seafood and poultry consumption.
The $70 million investments are part of the company’s global innovation strategy to leverage technology, in support of the needs of partners and customers. This includes technology implementation into the poultry supply chain, additional funds for the Technology Application Center for research and development for the aquaculture industry and the expansion of a cooked poultry facility in Nakornratchasima, in Northeastern Thailand. The company will also upgrade and refurbish an aqua feed production plant located in Petchaburi.
“These planned investments demonstrate our commitment to the communities and people of Thailand. We appreciate the Thai government’s support of direct foreign investment which has allowed companies like Cargill to grow with the Thai economy and community over the last 50 years. By investing in technology innovation, we can make our supply chains as efficient and sustainable as possible – as we work to nourish those in Thailand and around the world,” said Dave MacLennan, chairman and CEO of Cargill.
Cargill has operated in Thailand for 50 years, opening of its first office in 1968. Today their operations comprise the origination, sourcing, processing, handling, distribution and marketing of a wide range of products including agricultural commodities, animal feed, cooked poultry, food, as well as food and beverage ingredients. They have 11 facility locations throughout Thailand and employ over 14,000 people.The company has invested more than $1.15 billion USD into its operations to-date across various businesses during its expansion and growth through the years, and currently has 14 facilities throughout the country with more than 17,000 employees.