Cargill, Jollibee Foods to build poultry processing facility
The partnership will create an estimated 1,000 new full-time jobs and develop new opportunities in the farming community in the Batangas and nearby provinces.
Jollibee Foods Corp. (JFC), an Asian foodservice company based in the Philippines, and Cargill Philippines, Inc., a wholly owned subsidiary of Cargill Inc., Minnetonka, Minn., entered into an agreement to build and operate a poultry processing plant in Santo Tomas, Batangas, in the Philippines. Cargill and JFC will have a 70% and a 30% stake, respectively, in the joint venture named Cargill Joy Poultry Meats Production, Inc. Cargill will oversee the setup, management and operations of this facility.
The partnership will create an estimated 1,000 new full-time jobs and develop new opportunities in the farming community in the Batangas and nearby provinces, as local poultry farmers are contracted to grow chicken to supply the requirements of the processing plant.