CAIRO, EGYPT – Cargill plans to invest $100 million to double the capacity of its soybean oil crush operation in Borg El Arab in Egypt. The company also will add 42,000 tonnes of storage capacity within Cargill’s existing premises at the port of Dekheila in Alexandria, Egypt.
|Johan Steyn, head of Cargill’s grain and oilseeds business in the Middle East and Africa|
“This investment fits with our strategy of growing our business in Africa and the Middle East,” said Johan Steyn, head of Cargill’s grain and oilseeds business in the Middle East and Africa. “The demand for soybean meal and oil continues to grow, and expanding our capabilities in Egypt will enable us to better serve our customers in the local market with high quality products, crushed and produced locally.”
Construction at the soybean crush facility should begin in November. The expanded facility should be operating by mid-2017. The facility at Dekheila discharges, stores and handles imported grains and oilseeds. Work to increase the storage capacity there should begin in November of this year and should be completed by the end of 2016.Minneapolis-based Cargill has operated in Egypt since 1994 and has been involved in soybean crush in that country since 2004 through its majority share in the National Vegetable Oils Co., producing crude soybean oil for the Egyptian market and supplying soybean meal to the poultry and aqua feed industry. Cargill has a majority share in the National Stevedoring Co. in the Dekheila port.