The investment will include technology implementations across its poultry supply chain, as well as expanding its poultry facility in Nakornratchasima in the north-eastern region of Thailand.
Cargill said the investment into its Thailand poultry business made up nearly 80% of its operations in Thailand, which exports to more than 28 countries around the world.
“These planned investments demonstrate our commitment to the communities and people of Thailand,” said Cargill CEO Dave MacLennan. “We appreciate the Thai Government’s support of direct foreign investment, which has allowed companies like Cargill to grow with the Thai economy and community over the last 50 years.
“By investing in technology innovation, we can make our supply chains as efficient and sustainable as possible – as we work to nourish those in Thailand and around the world.”
The investment also includes supporting more than 1,500 local farmers in Thailand by providing agricultural knowledge and training.
The move celebrates the firm’s 50th anniversary of operating in Thailand after opening its first office in 1968.
To date, the company has invested more than US$1.15 billion into its operations across various businesses, during its expansion and growth through the years, and currently has 14 facilities throughout Thailand with more than 17,000 employees.
