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July 21, 2015

Ecuador

Cargill to Build $30 Million Shrimp Feed Plant

   

On, July 21, 2015, Cargill, which provides food, agriculture, financial and industrial products and services worldwide, announced it has formed a joint venture with Naturisa, Ecuador’s second largest shrimp producer and the fourth largest exporter in the country, to build a $30 million shrimp feed facility near Guayaquil.  The transaction involves the construction of a new world-class shrimp feed mill that will produce 130,000 metric tons annually and employ 260 people when the facility is fully operational in 2017.

 

Cargill will own 75 percent and have managerial control of the day-to-day operation, while Naturisa will retain 25 percent in the joint venture.

 

“This joint venture with Naturisa positions us to become one of the largest producers of shrimp feed in Latin America,” said Sarena Lin, president of Cargill’s animal feed and nutrition business.

 

The facility will produce shrimp feed for animal producers marketed under the Purina® brand throughout the Latin American region.

 

Cargill’s animal nutrition business has more than 18,000 employees at more than 250 facilities in 37 countries offering a range of products and services to feed manufacturers, animal producers and feed retailers around the world.  In 2011, Cargill completed the acquisition of Provimi, a global leader in premix and animal nutrition solutions, adding to Cargill’s portfolio of animal nutrition offerings.  Today, Cargill’s animal nutrition business offers a range of compound feed, premixes, feed additives, supply chain and risk management solutions, software tools and animal nutrition expertise that is unmatched in the industry.  Cargill’s animal nutrition business has an agreement with Nestle to use the Purina brand on animal feed outside the United States.

 

Naturisa’s shrimp farming business in Ecuador employs more than 2,000 people and produces approximately 16,000 metric tons of shrimp, which is exported to Europe, the United States and Asia.  Shrimp is the second largest export item in Ecuador with total exports of $2.3 billion and approximately 277,000 metric tons in 2014.  Naturisa also holds a 50 percent ownership in Songa, the fourth largest shrimp processing and export plant in Ecuador.  Songa processes 100 tons per day of shrimp with expansion plans underway to produce 180 tons per day.  Songa is the largest Ecuadorian exporter of shrimp to the United States.  It exported 20,000 tons of shrimp in 2014.

 

Source: PR Newswire.  Cargill Announces $30 Million Investment in Ecuador Shrimp Feed Facility Project; Enters Into Joint Venture with Naturisa.  July 21, 2015.

 

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