Cargill India

Agri-business giant Cargill reduces workforce by 5% to 'realign resources'

Agribusiness giant Cargill is laying off thousands of its employees. Cargill confirmed this week that it would be reducing its global workforce by about 5%. In a statement sent to The Associated Press on Tuesday, the food production company said that the cuts were part of a long-term strategy to strengthen Cargill's impact, which includes realigning resources. Minnesota-based Cargill did not immediately provide further specifics around the layoffs. But a 2024 annual report from the company noted that it had more than 160,000 employees worldwide, meaning the latest job cuts would be set to impact around 8,000 workers. As a privately-held company, Cargill doesn't regularly publish its finances publicly. A 2024 report from the company, however, notes that it operates in 70 countries and sells to 125 markets raking in some $160 billion in annual revenue. That's down from $177 billion in revenues seen the year prior. This week's layoff announcement arrives while much of the agricultura

Cargill opens innovation centre for developing solutions for F&B market

Global food major Cargill on Monday said it has opened its first innovation centre in India to develop solutions for the food and beverage market. The first Cargill Innovation Center at Gurugram in Haryana, spread over almost 17,000 square feet, includes a sensory lab and demonstration kitchen, with capabilities to serve dairy, beverage, bakery, and convenience food industries, as well as other specialised culinary applications, a company statement said. The innovation centre will have 27 food specialists/scientists and will provide opportunities for aspiring talent from academia, agribusiness and food sectors as well. It will also allow R&D collaboration for companies of all sizes. Cargill said it would partner with its F&B customers in India to identify consumer demands, translate global industry trends into local application and accelerate customer product innovation pipelines. The centre combines Cargill's expertise across different industry segments, including edible oils

Global agri major Cargill buys edible oil refinery in Nellore for $35 mn

The investment will expand Cargill's edible oil production capacity and footprint in southern India and strengthen its existing supply chain to meet growing customer demand

Latest farm reforms may light up Cargill's expansion plans in India

For companies like Cargill, the legal framework brings stability, creating an environment for infrastructure investment

Cargill to invest Rs 100 cr for increasing production of cattle feed

The firm is setting up a new plant to produce supplements for cattle at Kurkumbh, Maharashtra under its bioindustrial business segment

Cargill to invest $160 million in the next three years in new businesses

Cargill also has a commodities business in India, under which it has sourced almost 13 commodities from around 300,000 farmers in 2018-19, totaling 600,000 metric tonnes

Seeking expansion of offerings, food giant Cargill scouts for partners

Cargill, which frayed into the starch and sweeteners segment around three years ago, majorly focusses on edible oil, chocolates and cocoa

Cargill to broaden India portfolio, invest Rs 15 bn in coming years

Cargill has set up a storage facility for grains and oilseeds in Karnataka and a part of its future investments will go towards expanding the company's storage capacity

Cargill India eyes top slot in cooking oil segment in UP

Currently, the company commands roughly 17% of the soybean oil market share in Lucknow