LEADING US-based global food and agriculture company Cargill has invested more than US$70 million (Bt2.3 billion) in Thailand to meet the rising global demand for seafood and poultry, David MacLennan, the company’s chairman and chief executive officer, said yesterday.
The investment, for the fiscal year June 2018 to May 2019, aims to focus on technology implementation in the poultry supply chain, provide additional funds for research and development in the aquaculture industry and expand the cooked poultry facility in Nakhon Ratchasima province. The funds were also earmarked to upgrade and refurbish its aqua feed production plant in Phetchaburi province.
MacLennan explained that the company sees significant business growth in Thailand, adding that the poultry business makes up nearly 80 per cent of Cargill’s operations in Thailand. The investment is also part of the company’s global innovation strategy to leverage technology, in order to meet the needs of its partners and customers.
Cargill owns and operates five animal and aqua-feed mills in the provinces of Chachoeangsao, Nakhon Pathom, Nakhon Ratchasima and Phitsanulok. The company also has poultry processing operations in Saraburi and Nakhon Ratchasima provinces.
Cargill has been operating in Thailand since 1968, and has invested over $1.15 billion over the years. It currently has 14 facilities across the nation and employs more than 17,000 people.
Its operations in Thailand are comprised of origination, sourcing, processing, handling, distribution and marketing of a wide range of products, including agricultural commodities, animal feed, cooked poultry, food, as well as ingredients for food and beverages.