Global agricultural player Cargill is continuing the expansion of its poultry operations with major investments in Latin America, the Far East and South East Asia within the last week.
The company has announced the acquisition of Campollo in Columbia to better serve its operations in the country. It follows the purchase of Pollos Bucanero in June 2017.
The latest acquisition will expand Cargill’s protein business in Latin America, which currently includes businesses in Costa Rica, Guatemala, Honduras and Nicaragua as well as Colombia.
Campollo has more than 20 years’ experience in the poultry market and its products are a top choice among consumers and retailers across the country.
The multi-national is also growing its business in Thailand with a $70m (USD) investment in poultry and seafood as it marks 50 years in the country.
The investments are part of the company’s global innovation strategy to leverage technology, and includes technology implementation into the poultry supply chain and the expansion of a cooked poultry facility at Nakomratchasima, in North Eastern Thailand.
The investment in the poultry business reflects its importance to Cargill, which makes up 80% of the company’s operations in Thailand, with exports to more than 28 countries around the world.
Dave MacLennan, chairman and CEO of Cargill, said by investing in technology innovation, Cargill could make its supply chains as efficient and sustainable as possible.
Finally, Cargill has also announced investment of $235m (USD) to grow its chicken and pork businesses in the Philippines over the next two years.
The funding will drive the expansion of Cargill’s animal feed and nutrition business and agricultural supply chain businesses, including supporting the growth of C-Joy, Cargill’s joint venture with Jollibee Foods Corporation to process chicken for domestic consumption.