Bunge Europe today announced plans to increase the rapeseed
crushing capacity of its plant in Mannheim, Germany. The company
will adapt the facility's existing soybean crushing line to
process both soybeans and rapeseeds. In addition, the total
capacity of the facility will be increased to approximately 1.3
million metric tons. New rapeseed crushing capacity is expected
to come online in the second quarter of 2006.
The project will enhance
Bunge's ability to supply the growing German market for rapeseed
oil, a primary component of biodiesel. "The growth in demand for
biodiesel is changing the landscape of the German vegetable oil
market," stated Jean-Louis Gourbin, CEO, Bunge Europe. "We have
decided to install additional capacity in Mannheim to supply
this expanding market and to better serve our food customers."
By creating a soy/rape line and
adding new capacity, Bunge expects to improve the flexibility
and efficiency of the Mannheim plant, enhance the company's
position as a leading supplier of oil and meal to customers in
southern Germany and further strengthen its ties to the local
farming community, from which it intends to purchase additional
rapeseeds.
Bunge Limited (NYSE: BG) is
an integrated, global agribusiness and food company operating in
the farm-to-consumer food chain. Founded in 1818 and
headquartered in White Plains, New York, Bunge has 25,000
employees and locations in 32 countries. Bunge is the world's
leading oilseed processor, the largest producer and supplier of
fertilizers to farmers in South America and the world's leading
seller of bottled vegetable oils to consumers.