September 18, 2014
Cargill to close US corn milling facility from Jan 2015
Cargill will close its corn milling facility in Memphis, US, effective from January 2015.
The facility employs approximately 440 people, including 120 contract employees. Its closure results primarily from underutilisation and an unfavourable locational distance from the corn belt, according to Cargill.
In the meantime, the facility's corn oil refinery will remain open and operate as a standalone facility.
"The decision to close our Memphis corn milling facility was made only after a careful examination of the current business situation and we examined all other possible options," said Julian Chase, the president of Cargill Corn Milling based in Minneapolis. "This was a difficult decision to make because we have an excellent team of employees in Memphis. It is unfortunate that we must close any plant because of the impact to good people, their families and the community."
Cargill maintains that the company is committed to its US corn milling business and will leverage the rest of its network to continue serving customers.