Louis Dreyfus Acquires Chinese Soybean Crushing and Refining Facilities

Louis Dreyfus Co., through its LDC (China) Trading Co. subsidiary, has acquired Chinese Sinarmas Natural Resources Foodstuff Technology (Tianjin) and its soyabean crushing and refining facilities.  The facility had a soyabean crush capacity of 3,600 tons/day, producing soyabean meal and crude soyabean oil, and a refining capacity of roughly 1,000 tons/day of refined vegetable oil, according to LDC.  The facility also included bottling, filling and packaging lines alongside storage facilities.

LDC said the acquisition, agreed on in November 2017, reflected the firm’s confidence in China’s “dynamic agricultural processing sector”.  “China is a vital market for global agricultural trade and integral to LDC’s long-term growth ambitions,” said LDC CEO Gonzalo Ramirez Martiarena. LDC is a major supplier of soyabeans to China’s domestic crushing industry and it operates three soyabean crush facilities in the provinces of Guangdong, Hebei and Jiangsu.