Cargill's animal nutrition business has announced an
investment of approximately US$20 million in South Africa, where the company has
gained a majority shareholding and assumed managerial control of NuTec Southern
Africa, its existing joint venture with Astral Foods, an
integrated Southern African poultry producer. As part of this investment,
Cargill plans to build a new premix and base mix facility at NuTec's existing
location in Pietermaritzburg, which will expand Cargill's animal nutrition
capabilities in sub-Saharan Africa.
Cargill now owns 75 percent of the shares in NuTec,
a manufacturer of vitamin and mineral premix for the animal nutrition industry.
Astral
Foods retains a 25 percent shareholding in the business and remains an
important partner and customer to Cargill. NuTec will migrate its name and
product portfolio to Cargill's Provimi brand.
"We are delighted to announce this investment, which will allow Cargill
Animal Nutrition to better serve our customers in sub-Saharan Africa," said Gudo
klein Gebbink, general manager for Cargill's Premix and Nutrition Sub-Saharan
Africa business. "We see great potential and opportunities to expand our
business. The rapidly growing markets and increasing animal productivity in this
strategic area are an excellent fit for Cargill's animal nutrition business's
market approach. Supported by our worldwide research and development
capabilities, the combination of high-quality nutritional products and
world-class technical support will enable our customers to further optimize
their results and effectively produce safe food."
No comments:
Post a Comment