December 6, 2018
Cargill will invest more than USD230 million in the next two years and will divide its investment to its feed and copra business as well as to Cargill Joy (C-Joy) Poultry Meats Production, its joint venture with Jollibee Foods Corporation. Cargill and C-Joy in December 2017 inaugurated their chicken processing plant in Batangas. The plant has an annual processing capacity of 45 million chicken and is set to increase, according to Cargill CEO David McLennan. Mr McLennan added that the Philippines is Cargill’s biggest in terms of investment and number of employees.