Date: 8 June 2011

Contact:
Beate Bieniek, Tel: +65-6393 8293 , Beate_Bieniek@cargill.com
Varunee Tantivoravong, Tel: +66-02-263-2929, Varunee@cargill.com

Bangkok, Thailand – Cargill Meats Thailand today announced it is expanding its integrated poultry processing operations in Thailand. The expansion is planned at the company’s Korat processing complex, and comprises a primary processing plant, an expansion of the existing hatchery and new breeder farms. A new feed mill with an annual poultry feed production capacity of 360,000 tons will also be built. The project is expected to take approximately two years to complete.

The additional investment for the planned expansion is THB 3,300 million (about USD 110 million). The expansion will increase Cargill’s total annual production capacity of cooked poultry products in Thailand by approximately 24,000 metric tons, and create approximately 2,000 new jobs in the Korat area.

“We deeply appreciate the trust of our customers in our team and our products, which is fundamental to our business success,” said Prasit Maekwatana, president of Cargill Thailand. “Cargill is one of Thailand’s largest exporters of cooked poultry products, and we are proud to contribute to Thailand’s economic growth through expanding our export of food products.”

“Our focus is on providing safe, innovative, high quality products to our customers. We have a fully integrated supply chain to allow us to monitor our products at every stage of production. All the steps of the supply chain, from feed through to the export of our products are controlled within world class bio-security and food safety standards. We also have extensive research and development capabilities to assist our customers,” stated Mr. Maekwatana.

“I want to thank the Thailand Board of Investment for their cooperation and support of this expansion. We have received a great deal of support from the Thai government to allow us to continue to grow in Thailand,” commented Mr. Maekwatana.

Cargill’s two integrated poultry processing operations in Thailand are located in Saraburi and Korat and provide employment for about 9,500 people. The operations comprise breeder facilities, hatcheries, feed mills, pullet and grow out farms, primary processing plants for raw meat preparation, further processing plants for cooking and a product development facility. The operations also include a poultry health center as well as a quality control laboratory including an in-house micro-biology testing laboratory.

Cargill Meats Thailand customers include quick service restaurants, food service companies, convenience store chains, food manufacturers as well as distributors and large retailers in Japan, Hong Kong, South East Asia, Australia, Europe and Canada.

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About Cargill

Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, the privately held company employs 131,000 people in 66 countries. Cargill helps customers succeed through collaboration and innovation, and is committed to sharing its global knowledge and experience to help meet economic, environmental and social challenges wherever it does business. For more information, visit http://www.cargill.com.

About Cargill in Thailand

Cargill’s activities in Thailand started in 1968 with opening a trading office in Bangkok. Over the years the company continued to invest in Thailand and today the operations comprise the origination, sourcing, processing, handling, distribution and marketing of a wide range of products including animal protein, agricultural commodities, animal feed, food products, as well as food and beverage ingredients. Cargill is one of Thailand’s largest exporters of cooked chicken products as well as the largest buyer of Thai sugar that is destined for export markets. Cargill is a good corporate citizen of Thailand and supports programs to promote rural development and enrich local communities by fostering education, improving nutrition, helping farmers and providing safe water to rural schools.

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