19 September 2013

Cargill to invest $200 million in new sunflower oil crush plant in Russia

Volgograd, Russia - 19 September 2013 - Cargill has begun construction of a new sunflower oil crush plant in the town of Novoanninskiy in the Volgograd region of southern Russia. The company will invest in excess of US $200 million in the facility, which will process up to 640,000 tonnes of sunflower seeds per annum. The facility is expected to be operational in time for the 2015 harvest and will serve Cargill’s food and feed industry customers in the Russian domestic market and around the world. 

Cargill is a significant participant in Russian agriculture,” said Andreas Rickmers, head of Cargill’s grain and oilseeds business in Europe. “We are pleased to make this investment as Russia is an important strategic market for us and we continue to see excellent potential in the country’s agricultural sector. Our customers in the food and feed industry will benefit from this new reliable source of oil and protein meal”

Rickmers continued: “This investment is in line with our strategy to focus on the growth and development of our offering to farmers in Russia. The new plant’s capacity will ensure a local outlet for their crops. This is an important part of our total offering which includes a range of services, advice and financial tools. Our own success depends on the ability of farmers to run a thriving and prosperous business.”

Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 140,000 people in 65 countries. 

Cargill began its activities in Russia in 1991 with the opening of a representative office in Moscow. The total number of Cargill employees in Russia is around 2,700. Cargill is one of Russia’s biggest foreign investment partners which have invested over $900 million into the development of the country’s agriculture and food industry.

Source: Cargill