Monsanto, a sustainable agriculture company, has started construction on a $975M expansion project in Luling, Louisiana.
The project will feature new production technology that supports the launch of the company’s Roundup Ready Xtend Crop System.
Over the next 10 years, Monsanto expects to launch its Roundup Ready Extend Crop System in the US, Brazil and other parts of Latin America. Dicamba, along with glyphosate, is the active weed-control ingredient in the system.
Upon completion, the expansion project site is anticipated to supply about one-third of the eventual market demand for dicamba-based products.
Monsanto’s executive vice president and chief strategy officer Kerry Preete said: “Monsanto is proud to celebrate this important milestone today. This expansion represents the single largest capital investment in Monsanto’s self-manufacturing history and reinforces the confidence our company’s leadership has in our Luling team and the commitment to the local community.”
When completed in 2019, the project will create 95 direct jobs. It will create 1,000 jobs at the peak of the construction period.
In June 2015, Monsanto and the state of Louisiana announced the company’s preliminary plans to expand the Luling site. The latest investment follows a previous $200M expansion completed in 2010.
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