{"id":6033,"date":"2021-11-30T18:16:17","date_gmt":"2021-11-30T12:46:17","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-cargill-edible-oil-refinery\/"},"modified":"2021-11-30T18:16:17","modified_gmt":"2021-11-30T12:46:17","slug":"biz-cargill-edible-oil-refinery","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-cargill-edible-oil-refinery\/","title":{"rendered":"Cargill acquires edible oil refinery in Andhra Pradesh"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1238119434\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Nov 30 (PTI) US-based food major Cargill on Tuesday said it has acquired an edible oil refinery in Nellore, Andhra Pradesh, for USD 35 million and it is likely to be fully operational by May 2022.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3444565120\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> &#8220;Cargill&#8217;s USD 35-million investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in southern India,&#8221; the company said in a statement.<\/p>\n<p> The newly acquired refinery gives Cargill the capability to supply refined palm oil, palm olein, vanaspati (hydrogenated vegetable oil) and sunflower oil, which accounts for nearly two-thirds of the country&#8217;s sunflower oil consumption and is currently being underserved, it said.<\/p>\n<p> This facility also allows Cargill to produce and package its own edible oil brands for retailers and to better serve bakery and foodservice customers in the region.<\/p><div class=\"trade-content_5\" id=\"trade-3371897653\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The refinery expands Cargill&#8217;s offerings into Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.<\/p>\n<p> Cargill&#8217;s edible oils business in India Managing Director Piyush Patnaik said, &#8220;This acquisition aligns with our tailored and localised market approach for Asia that will drive global growth in food and agriculture.&#8221; \t Cargill has operated its edible oils business in India since 2001. Cargill processes, refines and markets a wide range of indigenous and imported edible oils and fats, catering to the food industry as well as household consumers.<\/p>\n<p> It offers a host of leading edible oils and fats brands, such as NatureFresh, Gemini, Sweekar, Leonardo, Rath and Sunflower. PTI LUX  HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-2688103363\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Nov 30 (PTI) US-based food major Cargill on Tuesday said it has acquired an edible oil refinery in Nellore, Andhra Pradesh, for USD 35 million and it is likely to be fully operational by May 2022. &#8220;Cargill&#8217;s USD 35-million investment to acquire and upgrade the facility will significantly expand its edible oil production [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-6033","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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