Cargill to invest $70M in Thailand’s seafood, poultry business
The investments also include efforts to equip more than 1,500 farmers with agricultural technical knowledge and training.
Cargill, Inc., Minneapolis, announced plans to invest more than $70 million over the next two years to increase Thailand’s demand of seafood and poultry consumption. 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, Thailand. The company will also upgrade and refurbish an aqua feed production plant 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,” says Dave MacLennan, chairman and CEO.