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Noble Buys Chinese Soy Plant
SYDNEY - Apr 18/06 - SNS -- Noble Group Limited completed its purchase of an integrated soybean crushing and refining plant in the port of Qinzhou, Guangxi Autonomous Region, China, from Siping Hongzui Grease Limited. The plant will supply soybean meal and oil to customers in southern and central China.
The purchase agreement was signed on February 1. Noble will supply a significant part of the soybeans for Qinzhou Dayang through its newly built port in Timbues, Argentina, creating an integrated supply chain from field to feed.
The Qinzhou Dayang facility started operations in June 2005 and is located in the growing port of Qinzhou, capable of receiving and discharging panamex sized vessels.
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