Company Name: Cargill
Industry Sector: Food and Agribusiness
Company Profile: Cargill connects farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. Cargill combines 154 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries.
Company Website: www.cargill.com
- Type of Project: Expansion
- Number of Jobs:
- Jobs committed: 12
- Jobs retained: 293
- Capital Investment: $225,000,000
Cargill’s integrated soybean crush and refined oils facility in Sidney, Ohio, originally opened in 1978, and the oil refinery was added a decade later. Cargill wants to better serve area farmers and meet growing demand for protein and refined oils.
The company will invest approximately $225 million to modernize operations and expand its existing Sidney facility to crush capacity. The expansion will provide Cargill’s adjacent refined oils facility with a larger, direct supply of crude soybean oil.
Food and agribusiness is the largest industry in Ohio and the state is the sixth largest producer of soybeans in the U.S. Ohio’s food leadership gives food and agribusiness companies proximity to and relationships with industry partners, resulting in faster, more affordable access to every part of the value chain.
The investment increases market access for farmers’ crops in the area and allows those farmers to deliver their soybeans more efficiently. Cargill’s expansion will directly and indirectly impact the local community’s economy with construction jobs, more deliveries and a boost to regional agricultural.
“The increased capacity will strengthen and expand our U.S. crush footprint, enable us to meet the growing demand for soy products from our customers and further integrate our refined oil capabilities.” – Warren Feather, managing director of global crush, Cargill