January 21, 2019
Cargill to grow Pakistan business with US$200 million investment
Cargill renewed its long standing commitment to Pakistan by announcing plans to invest more than US$200 million in the next three-to-five years.
The announcement was made in a meeting when Cargill's global executive team, led by Marcel Smits, head of global strategy and chairman of Cargill Asia Pacific region, and Gert-Jan van den Akker, president of Cargill Agricultural Supply Chain, met with the Prime Minister of Pakistan, Imran Khan and other senior government officials to discuss the company's future investment plans.
Cargill aims to partner in Pakistan's growth by bringing its global expertise and investment into the country. The company's strategy includes an expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses while ensuring safety and food traceability.
Cargill will also bring world class innovations to support the flourishing dairy industry in Pakistan, which is already moving toward modernisation, as well as the rising demand for edible oils backed by evolving consumption patterns and a growing market for animal feed driven by sustained progress made by the poultry industry in Pakistan.
Cargill's proposed investments will support Pakistan's overall economic development and contribute to local employment, the company said.
"Having been in Pakistan for more than 30 years, Cargill is happy to demonstrate our commitment to the country's future through investment in our business and communities here. Finalising one of our first investments in the agricultural supply chain in Pakistan is our top priority. We have received a very positive response from the Pakistani government and we value their support as we expand our presence here, helping industries, farmers and communities succeed," said Imran Nasrullah, country head of Cargill Pakistan.
Going forward, the company will work to improve food security in Pakistan, thereby contributing to the social development of the country. This is in line with the company's overall objective of nourishing the world, the company explained.