American Cargill bought a soybean processing plant in China
If you don't know, one of the largest food companies in the United States is Cargill, Incorporated, headquartered in Minnetonka, Minnesota. The company was registered back in 1865 in Wilmington, Delaware, so the company has a lot of experience and huge capital.
This month, the company decided to buy a soybean processing plant on the platform of failed Chinese enterprises.
If you are interested, in this case we are talking about the trading platform Alibaba Group Holding Ltd, it has a division of judicial auctions Taobao.
According to the results of the auction, the Americans won the auction and bought the plant of Shandong Xinliang Oils & Fats Co for just $62 million dollars. They bought it and are now waiting for court approval, so at least in the topic the Bloomberg portal distinguished itself with its information.
Now the American company has the right to use the land, housing stock, all the company's machinery and equipment, all that belonged to the previously bankrupt company from Shandong province.
Now Cargill has moved one step further towards the leaders in the import of soybeans in the United States, this is a profitable direction, and soy consumption in the world is growing very actively.
Given the fact that the pig population in China is growing rapidly, the demand for soy in the country will grow and it is not a fact that a company from the United States will import something from China. Most likely, everything grown and received will be sold on the domestic market with a good profit.
Earlier, about 34% of the shares of Hebei Jiahao Grain and Oilseeds Co., which is also a soy-producing company, were purchased in China. If you analyze what is happening correctly, then there is an active seizure of the Chinese food market by the United States, which can not but please, at least.
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