Driven by a historical shift in food production with farmed fish surpassing global beef production for the first time in modern history, Cargill today announced it has formed a joint venture with Naturisa to build a USD$30 million shrimp feed facility near Guayaquil. The transaction involves the construction of a new world-class shrimp feed mill that will produce 130,000 metric tons annually and employ 260 people when the facility is fully operational in 2017.
Cargill will own 75 percent and have managerial control of the day-to-day operation, while Naturisa will retain 25 percent in the joint venture. The investment creates a uniq.. Full Story »
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