ADM, Cargill To Form Soybean JV In Egypt
pixabay/charlesricardo
The joint venture, to be governed as a standalone entity, comprising equal ownership, will be formally launched by the companies in mid-2018, subject to regulatory review.
The joint venture will manage the National Vegetable Oil Company soy crush facility in Borg Al-Arab along with related commercial and functional activities. This deal also includes a separate Switzerland-based merchandising operation that would supply soybeans to the crush plant.
The plant will be able to produce higher-protein soybean meal while reducing the need for soybean meal imports into Egypt.(dpa)
Other news from the department business & finance
Get the food & beverage industry in your inbox
From now on, don't miss a thing: Our newsletter for the food & beverage sector brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.