Leading agribusiness Cargill is planning to invest US$25M on increasing production at its soyabean processing plant in Fayetteville, World Grain reported on 22 April.
The decision followed the Cumberland County Board of Commissioners’ approval of a six-year performance-based incentive grant that would provide Cargill US$600,000 in support of the project, the report said.
The project is set to begin before the end of 2021, according to World Grain.
Cargill had operated the soyabean processing plant on River Road outside Fayetteville since 1970, the report said.
“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,” Cargill agricultural supply chain North America vice president Don Camden said.
As well as expanding in North Carolina, Cargill had made an earlier announcement that it would be expanding its US soya processing operations with a US$475M investment to modernise and develop crush facilities in seven states, the report said.
The improvements would include faster unloading of oilseeds and loading of products, increased capacity, and better overall logistics and safety, World Grain wrote.