April 23, 2012

Cargill launches new poultry plant in Nicaragua

A new poultry plant in Nicaragua called Wood Farm approximately costing US$30 million is being constructed by Cargill, designed to raise up to 2.52 million chickens per year.

Scheduled to open in September, the new plant is expected to require 100 new jobs plus generate approximately 2,000 indirect jobs. A new distribution centre and the purchase of more trucks are also planned to further enhance product distribution.

Last year, the company experienced a chicken output of approximately 240 million pounds. Production in 2012 is expected to grow 5%. Cargill has been operating in Masay, Nicaragua, since 2000. Its operations in Nicaragua include poultry production and commercialisation.

Investments in Nicaragua include acquiring Cainsa, a local brand for processed meats, in 2006, plus acquiring Tip Top Industrial, a local branded poultry business, and Mebasa, a feed production plant, in 2000.