November 10, 2003
Cargill To Invest in New Soy Processing Plant in Argentina
US-based agribusiness giant Cargill met with the governor of Argentina's Santa Fe province Carlos Reutemann last Friday to discuss plans for a new soy processing plant and port terminal, as reported in the papers.
The complex would be built in the locality of Villa Gobernador Galvez, said El Cronista, which quoted Argentina's mayor Pedro Gonzalez as saying that the project would cost 380mn pesos (US$120mn), while Infobae reported the investment would run at least US$50mn.
According to the company, Cargill is Argentina's largest grains and oils exporter, shipping 80% of its production. Export destinations include Brazil, Chile, China, India, Indonesia, Italy, Peru, Malaysia, Morocco, Germany, Dominican Republic, Thailand, Venezuela, Taiwan and Tunisia.