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New facility to modernize Monsanto cotton ops
19
Jan '16
Courtesy: Business Wire
Courtesy: Business Wire
American multinational agrochemical and agricultural biotechnology giant Monsanto Company announced plans to construct a new state-of-the-art cotton seed processing facility in Lubbock, Texas in co-operation with the Lubbock Economic Development Alliance (LEDA).

The construction of the new facility is expected to begin in March and be completed in the second half of 2017. The new Lubbock site would involve a capital investment of $140 million and is expected to employ 40 full-time personnel, the company said in a press release.

It would be Monsanto's primary US hub for all commercial cotton seed processing operations – to include cleaning, treating and bagging of cotton seed – while existing processing facilities will transition to support storage and warehousing, pre-commercial operations and research in various parts of the Cotton Belt, it said.

“Advanced technology at the new hub facility in Lubbock will allow for better data capture, and automating processes will improve both our manufacturing effectiveness and the safety of our personnel,” said Dave Penn, Cotton Manufacturing Lead at Monsanto. “This creates value that we can pass on to our customers.” (SH)

Fibre2Fashion News Desk - India


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