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Cargill Investing $210 Million in Brazilian Plant

February 03, 2011
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According to the Associated Press, Cargill plans to build a corn processing plant in Brazil to produce starches and sweeteners, building on its investments in the South American country, which is becoming a magnet for agribusiness investment. Cargill plans to invest 350 million Brazilian reals ($210 million) to build the plant. The facility will boost Cargill''s corn processing capacity in the country by 30 percent. The company said it hasn''t decided where to build the plant, and is considering locations in three Brazilian states. The plant is slated to open in 2013. This is Cargill''s second investment in Brazil since March 2010, when the company expanded a corn processing plant that also makes starches and sweeteners.

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