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

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Lean Manufacturing in the Age of the Industrial Internet

Oct. 24, 2023
Read how advanced MES capabilities can help you improve your labor utilization, reduce WIP, and optimize your production. Download the white paper today.

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

You Cannot Stay Competitive by Bolting New Technologies to a Legacy ERP

Oct. 20, 2023
Read this white paper to understand the benefits of shifting to a next-generation ERP system as part of a DOP.

Voice your opinion!

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