The company plans to spend about $25 million on its facility in Fayetteville, N.C.
By Diego Flammini
A grain handling company is making a significant investment into some of its soybean processing facilities.
Cargill announced it will spend $25 million to upgrade its soybean processing plant on River Road near Fayetteville, N.C.
Of that amount, about $5 million will be used for real estate improvements with the remaining money being used to acquire new personal property.
The project is expected to begin before the end of the year.
These investments will help Cargill support farmers, said Don Camden, vice president, Cargill Agricultural Supply North America.
“Our plant in Cumberland County is an important link in the supply chain for North Carolina farmers and livestock producers, and these investments will help us serve customers more efficiently,” he said in a statement. “Cargill is committed to nourishing the world in a safe, responsible, sustainable way. We are part of the community and are proud to provide significant support for a number of organizations in the area funding nutrition and education programming projects, as well as COVID-19 relief.”
The investment in North Carolina is part of Cargill’s overall plan to invest about $475 million to improve multiple facilities across the country.
The grain handler will also spend money on locations in Sidney, Ohio, Cedar Rapids, Iowa, Wichita, Kan. and Kansas City, Mo.
These investments will help with production capacity, processing capacity, unloading capacity and loading capabilities.
Farms.com has contacted members of the U.S. soybean community for comment on these investments.