{"id":633095,"date":"2018-02-27T04:40:06","date_gmt":"2018-02-27T04:40:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/adm-cargill-to-form-jv-to-run-soy-crushing-facility-in-borg-el-arab\/"},"modified":"2018-02-27T04:40:06","modified_gmt":"2018-02-27T04:40:06","slug":"adm-cargill-to-form-jv-to-run-soy-crushing-facility-in-borg-el-arab","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/adm-cargill-to-form-jv-to-run-soy-crushing-facility-in-borg-el-arab\/","title":{"rendered":"ADM, Cargill to form JV to run soy crushing facility in Borg El Arab"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Half of the \u201cABCD\u201d commodity giants are in bed together in Egypt<\/strong> as Archer Daniels Midland (ADM) partners with Cargill to run the latter\u2019s soy crushing facility in Borg El Arab, the companies said in a joint press release on Monday<\/a>. The pair will set up a joint venture that would own and operate the inventively named National Vegetable Oil Company soy crush facility along with related commercial and functional activities, including a separate Switzerland-based merchandising operation that would supply soybeans to the crush plant.<\/p>\n

\u201cEgypt is an important market where demand for high-quality soybean meal and oil is outpacing the rest of the world,\u201d<\/strong> said John Grossmann, ADM\u2019s president for EMEA oilseeds crush. The agreement, which is not yet complete, is subject to regulatory review, said the statement.<\/p>\n

Sound smart: <\/strong>Cargill had announced back in 2015<\/a> that it was investing USD 100 mn to double crushing capacity at the facility to 6,000 tonnes and construct an additional 42,000-tonne storage facility. The company said last September<\/a> that it was investing USD 150 mn \u201cover the coming period\u201d without naming the project. The companies hope to formally launch the joint venture in mid-2018.<\/p>\n

Plenty of media coverage: <\/strong>The story is receiving widespread international coverage, including from Reuters<\/a> and the Financial Times<\/a>.<\/p>\n

Advisors: <\/strong>Matouk Bassiouny served as local legal counsel to Cargill on the agreement, while Freshfields Bruckhaus Deringer was international counsel to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Half of the \u201cABCD\u201d commodity giants are in bed together in Egypt as Archer Daniels Midland (ADM) partners with Cargill to run the latter\u2019s soy crushing facility in Borg El Arab, the companies said in a joint press release on Monday. The pair will set up a joint venture that would own and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633095","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"460da4dd-b7af-4e99-8859-9b4b6c43976e","order":"0","is_powered_by":true,"section_story_id":"7622cbce-f8a7-49cb-8e0b-b6440028331a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[633087],"teaser":"","voice_url":""},"yoast_head":"\nADM, Cargill to form JV to run soy crushing facility in Borg El Arab - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/adm-cargill-to-form-jv-to-run-soy-crushing-facility-in-borg-el-arab\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADM, Cargill to form JV to run soy crushing facility in Borg El Arab\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Half of the \u201cABCD\u201d commodity giants are in bed together in Egypt as Archer Daniels Midland (ADM) partners with Cargill to run the latter\u2019s soy crushing facility in Borg El Arab, the companies said in a joint press release on Monday. 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The company is set to complete an expansion project at its vegetable oils factory in Borg\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599545,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/02\/mng-to-invest-egp-230-mn-in-borg-el-arab-pharmaceuticals-factory\/","url_meta":{"origin":633095,"position":5},"title":"MNG to invest EGP 230 mn in Borg El Arab pharmaceuticals factory","author":"enterpriseam admin","date":"2 January 2019","format":false,"excerpt":"MNB Pharmaceutical Company is planning to invest EGP 230 mn in a new meds production facility in Borg El Arab, Chairman Mohamed Bazazo said. 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