American multinational Cargill – which specializes in the production and commercialization of food and agricultural products and services – is investing in its site in Izegem, Flanders. The company will build a new refinery in order to better meet the market and consumer demands.
The precise amount has yet to be confirmed, but Cargill itself speaks of an ‘investment of millions’. CEO Marco Moes announced the company’s ambitious plans in the ‘Ondernemers’ issue of the province of West Flanders, a magazine published by Voka, Flanders’ Chamber of Commerce and Industry. In the same interview, Moes said Cargill would also be channeling millions into a new bottling plant.
Cargill is firmly anchored in West Flanders. In 1998, the company acquired the refinery and crush plant from the European food group Vandemoortele and has since invested upon multiple occasions in Izegem. At the site, some 500 different kinds of vegetable oils are produced and then shipped to the rest of the Benelux and France for distribution.
