Sao Paulo, Brazil, 27 Oct – Hong Kong’s Noble group plans to invest nearly US$200 million to set up a soy processing and biodiesel production unit in the Brazilian state of Mato Grosso.
The factory will be situated on 40 hectares in the Rondonopolis municipality, 212 km from the Mato Grosso capital Cuiaba, and should be operational in 2012.
The investment was announced on Monday by Noble group representatives and municipal officials after negotiations.
Two of the biggest American groups, Bunge and ADM, also operate in the same area of Mato Grosso state.
Noble will generate about 600 jobs in the region, besides producing 200,000 tonnes of biodiesel and processing 1.3 million tonnes of soy annually.
The installation of yet another Noble unit in Brazil, where it is active in various sectors, is part of efforts to consolidate a trade route for soy produced in Argentina and Brazil and exported to China.
The Noble group operates in 38 countries, including the USA, United Kingdom, Switzerland, India and Argentina, namely in the sugar, soy, bran and iron ore business.
The company invoiced an overall US$31.2 billion in 2009.
In Brazil, Noble exported products worth approximately US$95 million from the port of Santos in 2009. (macauhub)