US based (Minnetonka, Minnesota) Cargill is investing US$50 million in poultry processing operations in Thailand. The facility is located in the Nakhon Ratchasima province in Thailand. This expansion will create 1,400 new jobs in the province. The new building is expected to start operating in the first quarter of 2018.
Many independent smallholder broiler farms in local communities are engaged to meet the increase in demand for broiler chicken. Currently more than 13,500 employees are serving for Cargill across 14 locations in Thailand.
“Cargill has been in the Thai poultry industry for 25 years and has grown to become the leading exporter of fully-cooked chicken products in the country. I attribute this to our uncompromising approach to food innovation, quality and safety, a talented and efficient local workforce working in a strictly safe environment, and a close partnership with the Thai authorities. This expansion is thanks to the confidence and trust our customers place in our products, our people and our commitment to deliver,” said Hans Kabat, President of Cargill Protein Southeast Asia.
Founded in 1865, Cargill is now the largest privately held corporation in the United States in terms of revenue. Cargill is based in Minnetonka, Minnesota,USA.
Some of Cargill’s major businesses are trading, purchasing and distributing grain and other agricultural commodities, such as palm oil; trading in energy, steel and transport; the raising of livestock and production of feed- producing food ingredients such as starchand glucose syrup, vegetable oils and fats for application in processed foods and industrial use.
Cargill declared revenues of $136.7 billion and earnings of $2.31 billion in the 2013 fiscal year. Employing over 153,000 employees in 66 countries, it is responsible for 25% of all United States grain exports. The company also supplies about 22% of the US domestic meat market. All of the eggs used in McDonald’s restaurants in the US pass through Cargill’s plants. It is the only producer of Alberger process salt in the US, which is used in the fast-food and prepared food industries.