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Cargill announces $170 million expansion in Mexico

Wednesday, August 12, 2015

Agribusiness company Cargill plans to expand its business in Mexico in coming years, including $170 million in direct investment, supplying credit for local farmers and increasing its purchases of Mexican crops, a company official said.

“We believe Mexico can play a bigger role in feeding the world,” Cargill Chief Executive David MacLennan said at an event in the western state of Jalisco, where Cargill reinaugurated an animal feed plant.

Source: Wall Street Journal