Friday, June 20, 2014

Cargill investing $100 million in Russian plant

Cargill is investing $100 million US to expand its wheat milling at Efremov in the Tula region of Russia.

The plant which opened in 1995 employs 800 people processing 500,000 tonnes of wheat a year.

They make starches and sweeteners from corn, barley, wheat and other grains for use in soft drinks, beer, confectionery and flour.

Starch is shipped to the paper and corrugated cardboard industries.

“This project is a reflection of our commitment to the Tula region and to Russia,” Natalia Orlova, head of Cargill’s food business in Russia, said in a statement.

Cargill opened its Russian office in Moscow in 1991.

The company made no mention of increased tensions over the Ukraine and the U.S. government’s moves to inflict some economic pain on Russia as diplomatic pressure to back off its aggression in Crimea and Eastern Ukraine.