July 09th 2019
Cargill diversifies its plant-protein and specialised starches portfolio with addition of wheat capacity.
Cargill is diversifying its starches and sweeteners portfolio with a US$200m investment that will see it start producing wheat-based ingredients at its manufacturing facility in Krefeld, Germany.
Today the Krefeld plant produces a range of corn starches and sweeteners for the food and industrial markets. The company said the facility will transform from corn to wheat processing.
Through this transition, Cargill said it will address market changes in the areas of nutrition and packaging.
In particular, Cargill said the market has seen an increase in demand for protein rich foods, driven by the growing world population. There is also a rising need for industrial starches in the packaging industry.
The investment will see Cargill add wheat proteins and specialised starches to its portfolio.
The new unit, which will be built on the current factory site, will use the ‘best available production technologies’ to meet the ‘highest standards of reliability and sustainability’, Cargill claimed.
This investment will support the local economy and the European farming community while positioning the business for future growth, the company continued.
Construction will begin in early 2020 with completion expected by the summer of 2021. The first deliveries of wheat products will start in the autumn of 2021.