Cargill to boost Jilin corn processing unit

Cargill Inc, the US-based agricultural conglomerate, will invest $112 million to expand the capacity of its corn processing facility in Songyuan in northeastern China's Jilin province, its global head said on Monday.

The move is also a part of its joint initiative with the local government to build the Sino-US Cargill Biotech Industrial Park, featuring a food safety and technology center in Jilin, said Dave MacLennan, the group's chairman and CEO.

"China is a crucial market with amazing vitality. We will continue to work as partners with China to build sustainable agriculture and invest in rural areas," said MacLennan, adding that China's multiple measures to diversify the supply of quality products and services will effectively drive its economic growth.