MEXICO CITY—Agribusiness company Cargill Inc. plans to expand
its business in Mexico in coming years, including $170 million in
direct investment, supplying credit for local farmers and
increasing its purchases of Mexican crops, a company official said
Tuesday.
"We believe Mexico can play a bigger role in feeding the world,"
Cargill Chief Executive David MacLennan said at an event in the
western state of Jalisco, where Cargill reinaugurated an animal
feed plant.
Mr. MacLennan said Cargill, which this year marks its 50th
anniversary of operations in Mexico, wants to increase its presence
in agriculture and supply chains in the country.
In addition to the $170 million in direct investment, the
company's 2015-2018 business plan includes providing $1.1 billion
in financing to support local producers and the purchase of about
$4.5 billion of Mexican crops, he said.
Cargill has nine business units in Mexico, employing 1,750
people at 30 facilities in 13 states. Its operations include
marketing and trading, importing and exporting products such as
edible oils, grains and sugar, and financing.
Write to Anthony Harrup at anthony.harrup@wsj.com
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