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Bunge, Chia Tai Joint Agreement
NEW YORK - Apr 21/07 - SNS -- Bunge Limited will operate a soybean processing plant in Tianjin, China, under a joint agreement with Chia Tai (Tianjin), part of the Thailand-based Charoen Pokphand Group.
Bunge will hold a majority interest in the venture and will manage operations at the plant, its third in China.
The plant, which began operations in 1996, has daily crushing capacity of 1,000 metric tons (MT). Under the joint venture, capacity will be expanded to 4,000 MT. Bunge will supply the plant from its soybean origination networks in North and South America.
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