Cargill Mexico is Investing $8 Million in Aquaculture
Cargill is well known for its livestock feed, with more than 100 years in the business of keeping pork, poultry, and cattle farms fed. But livestock isn’t only found on land, and feed is just as important for livestock grown in the sea. With that in mind, Cargill’s Mexico branch is investing nearly $8 million in improvements to its Tehuacan aquaculture feed plant in order to beef up its aquaculture feed operations and provide extra support for the region’s aquaculture community.
This investment will increase production at Cargill Mexico’s Tehuacan plant by as much as 5,000 metric tons of aquaculture feed per month, utilizing an extrusion line to quickly produce feed for tilapia, trout, and catfish. The new line is estimated to bring the plant’s total production up to 19,000 metric tons per month, and is part of a bigger $16 million plan to position Cargill as the feed manufacturer of choice for the aquaculture industry throughout Mexico and Latin America. As seafood trade magazine Undercurrent News notes, this interest that has been documented as far back as June of last year, in which the agribusiness first announced its plans for the Tehuacan plant.
Gerardo Quintero, Managing Director of Cargill’s Feed & Nutrition business for Mexico and Central America, announced the latest expansion plans this week as Cargill celebrated 150 years in business and 50 years in Mexico. According to Quintero, the uptick in aquaculture feed output will provide essential support to farmers in Puebla, Oaxaca, Veracruz, Chiapas, and the Yucatán Peninsula. Cargill Mexico President Marcelo Martins, in the spirit of the company’s celebration of 50 years in Mexico, added that the expansion will help Cargill meet its goal of helping Mexico’s agribusiness sector thrive for the next 50 years as well.
[SOURCE: Undercurrent News]