October 2, 2013
Cargill gets US$104.3 million financing from Brazilian bank
Brazil's national development bank, BNDES, has approved BRL239.3 million (US$104.3 million) financing for a corn processing plant in Parana state run by Cargill.
This is according to a statement from BNDES on Monday (Sep 23).
The amount represents 56% of total investment in the project, which will have the capacity to process 1,200 tonnes/day. The plant should be finished in October and begin producing products like starches and sweeteners by January 2014.
