Overcapacity in agricultural processing has slowed the industry’s development, hurting investments, R&D, innovation and earnings, according to an industry leader. Robert Aspell, president of Cargill China, said massive investments have been made in recent times, mostly by Chinese companies, in the food-processing segment. The 150-year-old Minneapolis-based Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. “Whether it’s processing soybeans or rapeseeds or some livestock production, a lot of people have invested in this industry without a proper plan and (without) proper skills,” said Aspell, who has been appointed for a 10-year term…Full Article: ECNS.cn Oct 2015
- Cargill entered the Chinese market in 1970. As of 2015, Cargill China has more than 11,000 employees and 50 industrial sites that focus on commodities, food ingredients, and livestock supply chain. From 2010 to 2015, Cargill China focused on expanding their output of food ingredients, oils, sweeteners, and poultry.
- In September 2013, Cargill China inaugurated a poultry processing factory in in Lai’an, Anhui. The poultry plant facility will be able to process roughly 65 million chickens and 176,000 metric tons of poultry products per year.