Argentina: Cargil will have a second malt plant of more than 100,000 tonnes capacity in Argentia
U.S.A’s agricultural giant Cargill , will make in investment of EUR 41 Million ($50 Million) in a malt plant in Alvear, Santa Fe state of eastern Argentina, Latin America News Digest reported on August 30. This one will be the second malt-processing plant of Cargill in Argentina, besides the plant from in Bahia Blanca.
Cargill will finance the investment with own funds. The agricultural group will build the plant, a warehousing facility for the raw material, as well as water purification plant and a plant to treat sewage waters
Now, the malt plant of Cargill in Bahia Blanca has the capacity to produce 90,000 tonnes of malt a year. After achieving its 100 %capacity, the plant will make 138,000 tonnes of malt a year. About 70 % of the output will be exported.
The Alvear plant is expected to employ 300 people and is seen to be put into operation in September next year.
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