Cargill, which entered the Chinese market in the 1970s, will continue to increase its investment in China in the face of the demand for upgrading consumption of the Chinese market. Liu Jun, President of Cargill China, told reporter recently that Cargill has identified three investment projects.
At present, China has become a key market for many multinational enterprises in the global strategy. In the past 15 years, Cargill has increased its investment in China. Liu Jun said that over the past seven years, Cargill's investment in China has doubled. At present, Cargill has five major business units in the world, which have business in China. "All of Cargill's businesses are reflected in the Chinese market." he said.
In the 1970s, Cargill's business entered the Chinese market. At present, Cargill has more than 50 business operation divisions in the mainland of China, with more than 10,000 employees. As a "down to earth" company, Cargill's China business covers grains, oils and seeds value chain, animal nutrition, animal protein, starch and starch sugar.
As early as 2010, Cargill formulated its 2020 development strategy in the Chinese market. The core of this strategy is how to grow with the Chinese market. The strategy is coming to an end. Liu Jun admits that accelerated urbanization, increasingly prominent demand for commodities, increased disposable income and increased demand for food and protein consumption all contribute to the rapid development of China's agriculture and food industry. At present, with the rapid development of China's market, Cargill still needs to keep up with the changes of consumption upgrading.
In the future, Cargill will continue to increase its investment in China. At present, three investment projects have been identified in China. Liu Jun revealed that in 2018, Cargill has invested hundreds of millions of dollars to start the capacity expansion program of its starch and starch sugar, animal protein and agricultural supply chain, including expanding the capacity of Cargill Bio-chemical Co., Ltd. located in Songyuan, Jilin Province, and launching the second phase of the Cargill Animal Protein Deep Processing Plant in Chuzhou, Anhui Province, and Hebei Jiahao Grain & Oilseeds Co., Ltd., located in Bohai New Area, Cangzhou.
Source：www.bbtnews.com.cn/
