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Cargill boosts presence in sugar, chocolate markets.(NEWS)
SAO PAULO, BRAZIL -- Cargill Agricola S.A., the Brazilian arm of Cargill, Inc., has entered a joint venture agreement with two local sugar trading companies to acquire sugar and alcohol producer Acucareira Corona SA. The deal further bolsters Cargill's position in the country's sugar producing and export businesses.
The company, which employs 7,000 people, operates mills in Guariba and Araraquara that are said to be capable of processing as much as six million tons of sugar cane annually. In addition, the Guariba mill produces about 49.4 million gallons of alcohol each year, almost all of which is used domestically.
"Cargill has analyzed the important, growing sugar and alcohol market in Brazil for some time, and has made the strategic decision to become more ...
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...N.D., Oct. 2 /PRNewswire/ -- Cargill and ProGold Limited Liability Company...they had reached tentative agreement for Cargill to operate ProGold's corn wet milling...retain ownership of the facility while Cargill operates the plant and sells its products...
Source: HighBeam Research, Cargill boosts presence in sugar, chocolate markets.(NEWS)