Cargill Acquires Full Ownership of NatureWorks

July 1, 2009
Manufacturer of bio-based polymers will operate as an independent company.

Foods and agricultural firm Cargill has assumed full ownership of NatureWorks, a manufacturer of polymers derived from renewable resources, and will operate it as an independent company. NatureWorks, which produces Ingeo bio-based plastics and resins, has operated as a 50-50 joint venture between Cargill and Teijin Ltd. since October 2007. Cargill said in a statement the joint venture was dissolved as part of Teijins general portfolio restructuring in response to the global economic slowdown. The two firms intend to maintain close relations, the statement said. Cargill said the ownership change will not impact day-to-day operations at NatureWorks. The green product space is ripe for investment and expansion as never before, said Cargill Senior Vice President Paul Conway. NatureWorks is well established with a broad product and customer base. While others put up pilot plants, NatureWorks has been commercial for six years, is increasing Ingeo production availability at its first facility and exploring possibilities for a second plant. NatureWorks manufacturing facility is located in Blair, Nebraska.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!