US-based agribusiness and food group Bunge has formed a venture to run a soybean processing plant in the Chinese city of Tianjin.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Bunge said late on Friday (20 April) that it has joined forces with the local arm of Thailand-based conglomerate Charoen Pokphand Group.
Bunge will hold a majority stake in the venture, which will run the company’s third plant in China. The company said the site will serve China’s fast-growing livestock industry and the consumer sector in and Beijing.
Christopher White, CEO of Bunge Asia, said: “We expect that the plant, given its strategic location and potential synergies with our existing plants in Rizhao and Nanjing, will enable Bunge to better serve China’s expanding meal and oil markets.”
The Tianjin plant has a daily crushing capacity of 1,000 metric tons. Bunge said investment would take capacity up to 4,000 metric tons.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
