Global food producer from United States, Cargill Inc., invested US$100 million in PT Sorini Agro Asia Corporindo, to build a corn wet mill factory in Pandaan, East Java. The new facility is planned to operate in early 2022.
Sunit Dhoka, Cargill’ managing director for Southeast Asia, revealed the Investment Coordinating Board data showed only 3% of foreign direct investment (FDI) entered in the agricultural sector. Until now, the company’ has invested $800 million in the past five years.
