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Tags: Cargill | plant | closure | corn

Cargill to Close Underutilized Corn-Milling Plant in Memphis

Tuesday, 16 September 2014 01:36 PM

Cargill Inc., the largest closely held U.S. company, said it will close a corn-milling plant in Memphis because it’s underutilized and is located too far from the corn belt.

The corn-oil refinery at the site will remain open, Minneapolis-based Cargill said today in a statement. The corn- milling plant, which employs about 440 people, is due to close in January. Cargill said it’s “committed” to the rest of its U.S. corn-milling business.

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Finance
Cargill said it will close a corn-milling plant in Memphis because it's underutilized and is located too far from the corn belt.
Cargill, plant, closure, corn
72
2014-36-16
Tuesday, 16 September 2014 01:36 PM
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