Addressing the Thailand Board of Investment, Cargill expressed its strong support of the Thai government’s “Thailand 4.0” economic model.
Cargill also affirmed its strong commitment to continue investing in the Thai economy and contributing to the development of the country’s agriculture sector.
Over the past 50 years, Cargill has invested US$1 billion to establish a strong agriculture business in Thailand that today employs more than 17,000 people in 14 locations and offers vast business opportunities to farmers.
Cargill’s investment includes building, acquiring, expanding and maintaining physical assets in Thailand.
Its operations comprise the origination, sourcing, processing, handling, distribution and marketing of a wide range of products, including agricultural commodities, animal feed, cooked poultry and food, as well as food and beverage ingredients.
It also contributes to Thailand’s economic growth through the export of agricultural commodities and food products. Cargill is one of Thailand’s largest exporters of cooked poultry chicken products.
Cargill Asia-Pacific chairman Alan Willits, speaking at the Board of Investment seminar, said, “Thailand is an important growth market for Cargill. We are confident that Thailand 4.0 will further advance the country’s economic prospects and business opportunities.
“As we celebrate our company’s 50th anniversary in Thailand, I can affirm Cargill’s commitment to uphold our strong relationship with the Thai government and people, and to continue investing in the Thai economy for years to come.”
Cargill opened its first facility in Thailand in 1968, making 2018 a major milestone for the company.