World Grain - January 2023 - 10

NEWS REVIEW
Bunge to build soy protein
concentrate plant
ST. LOUIS, MISSOURI, US - Bunge Ltd. plans to invest
approximately $550 million to build a fully integrated soy
protein concentrate (SPC) and textured soy protein concentrate
(TSPC) facility adjacent to and integrated with its soybean
processing plant in Morristown, Indiana, US.
According to Bunge, the facility is expected to meet rising
customer demand for key ingredients in the production of
plant-based foods, processed meat, pet food and feed products.
Bunge said it plans to start building the plant in the first
quarter of 2023 with an eye toward commissioning the facility
in mid-2025. Once operational the plant will employ 70 fulltime
workers, Bunge said.
It is expected to ultimately process close to an additional 4.5
million bushels of soybeans, and is expected to add significant
scale, efficiencies, and non-GMO capability to the company's
existing US-based conventional SPC and TSPC operation in
Bellevue, Ohio, US, the company noted. Bunge added that it
plans to contract with farmers to establish a traceable soybean
sourcing program starting with the 2025 harvest.
Cherkizovo Group wins assets in auction
UFA, RUSSIA - Cherkizovo Group, Russia's largest meat
producer, in December submitted the winning bid for Russian
Grain Ufa's poultry, crop and fodder production businesses
as part of an auction held at the Auction House of the
Russian Federation. The winning bid was 6.37 billion rubles
(US$100.77 million).
According to Cherkizovo, the acquisition includes 100%
shares in JSC Bashkir Poultry Farm, JSC Turbaslinsky
Broilers, JSC Ufa Grain Products Plant, Bashkir Grain+ LLC,
LDC creates new food, feed solutions platform
ROTTERDAM, NETHERLANDS - Louis Dreyfus
Company BV (LDC) has created a new Food & Feed Solutions
platform within its value chain segment. The platform will address
favorable market trends and customer preferences toward
healthy, nature-based products, LDC said.
The Food & Feed Solutions platform will focus on developing
and growing LDC's presence in the lecithin, glycerin
and specialty feed protein space, leveraging the company's
Bashkir Grain LLC and Turbaslinsky Broiler Trading House
LLC.
The acquired companies mark Cherkizovo's first production
assets in Bashkortostan, Russia. Included in the deal
are five poultry farms with an annual live-weight capacity
of 65,000 tonnes of broiler meat, annual processing capacity
of 25,000 tonnes, annual marketable egg production of 750
million eggs, a feed mill with an annual capacity of 240,000
tonnes and a land bank of 18,000 hectares.
raw material origination and processing capabilities. With
its global asset network and market presence, LDC said it is
well-placed to scale up its participation in the nature-based ingredients
market, both through organic growth of production
capacity and through targeted acquisitions and investments to
diversify and expand the geographic scope of its portfolio.
James Zhou, chief commercial officer of LDC, will lead the
new platform as head of Food & Feed Solutions.
A Note to Our Readers
World Grain knows how important it is to have timely access to the vital industry information and insights we provide.
In addition to our industry-leading print editions, you can always stay engaged wherever you are with our digital editions
at world-grain.com/digital_editions, and get the latest news first by signing up for World Grain's newsletters at worldgrain.com/Newsletter_Subscriptions.
For
assistance, please email us at subscriptions@sosland.com.
10
January 2023 / World Grain / www.World-Grain.com
Bunge Ltd. headquarters in St. Louis, Missouri, US.
In addition to the new facility, Bunge said it recently invested
an additional $10 million to enhance its plant protein
technical capabilities at the Creative Solutions Center near its
St. Louis headquarters.
©JHVEPHOTO - STOCK.ADOBE.COM.

http://www.world-grain.com/digital_editions http://www.world-grain.com/Newsletter_Subscriptions http://www.World-Grain.com

World Grain - January 2023

Table of Contents for the Digital Edition of World Grain - January 2023