Australia-USA joint venture to boost wheat processing
US food company Cargill has entered into a joint venture with Australian business Allied Mills, which has led to an investment of more than US$70 million into a new mill.
The flour mill, located in Picton, NSW, just south of Sydney will operate 24 hours a day, seven days a week to process approximately 200,000 tonnes of wheat and maize per annum.
The joint venture will require 150 employees during the construction phase, and need a staff of 30 to operate after it has been commissioned.
Cargill, now the second largest private corporation in the United States, employs 160,000 people in 67 countries.
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