Published On: 10/07/2022Categories: Agbiosciences, Economic Development, Industry News

IBJ: Bunge Plans $445M Expansion in Shelby County

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A St. Louis-based grain and soybean manufacturer is planning to spend $445 million to expand its processing plant in Morristown.

Bunge North America Inc., an agribusiness and food company, plans to invest $360 million in new machinery and equipment, along with an estimated $85 million in construction and building improvements at its soybean crushing plant at 700 N. Range Line Road.

The effort is expected to result in 70 additional jobs by the end of 2025, raising employment at the plant to 177.

With a total capital investment of nearly half a billion dollars, Bunge’s expansion would be the largest economic development project in Shelby County since South Dakota-based biofuels productor Poet LLC built a $160 million facility in Shelbyville, creating 45 full-time jobs., according to Brian Asher, executive director of the Shelby County Economic Development Corp.

Read the full story on IBJ.