Cargill Profile

Wednesday, June 21, 2006

June 19, 2006
Cargill Opens New Crushing Plant in Nantong, China

Cargill today has held an opening ceremony in Nantong, Jiangsu province, to celebrate the operating of a new 5,000-ton per day crushing facility. With around 60 million US dollars capital investment, this new plant will be the largest investment of Cargill in oilseed crushing industry in China.

It will be Cargill’s largest crushing facility in China and eventually will be one of Cargill’s largest crushing facilities worldwide. With this enhanced capacity, we will better serve our customers in the Yangtze River Basin and across China by continuously providing high quality feed proteins and related products such as soy oils. The Nantong plant will also be used to export products to neighboring countries.

Added to two existing crushing facilities in Dongguan, this new capacity will significantly strengthen our ability to reliably meet growing market demand.

Norwell Coquillard, president of Cargill Greater China said: “Cargill is committed to promoting sustainable agriculture and a secure food supply for China. Nowadays, our total investments in China have exceeded 500 million US dollars.”

Cargill . . . is committed to using its knowledge and experience to collaborate with customers to help them succeed.

Cargill started trade with China soon after President Nixon’s visit in 1972. Cargill’s annual trade value with China today exceeds US$ 3 billion. Currently, Cargill sells grains, oilseeds, steel products, sugar, fruit juices, meats, cotton and other commodities to China while exporting Chinese commodities such as steel, apple juice and corn. Cargill operates 27 wholly owned companies and joint ventures within 16 provinces in China. Projects range from soybean crushing in Guangdong to corn processing in Jilin and animal feed production in Sichuan. Cargill and its joint ventures employ over 3600 people in China.

http://www.cargill.com/news/news_releases/060619_nantongplant.htm