Bunge mill in Chatham, Ontario to close
March 29, 2007 - St. Louis, Missouri - Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it will close its corn mill in Chatham, Ontario in mid-May.
“We made this decision based on changing market conditions that require more efficient production than is possible in Chatham due to the mill’s size and age,” said Rodney Perry, vice president and general manager, Bunge Milling. “We value the contribution our 18 full-time employees have made to Bunge and will be offering them the opportunity to apply for open positions at our other locations.”
In the next few weeks the mill will be using up its raw materials. However, finished product will continue to be delivered from this location for several months.
Bunge will continue to serve customers with products milled at its locations in Danville, Ill., Atchison, Kan. and Crete, Neb.
About Bunge North America
Bunge North America (www.bungenorthamerica.com), the North American operating arm of Bunge Limited (NYSE: BG), is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the livestock, poultry, food processor, foodservice and bakery industries. With headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries operate grain elevators, oilseed processing plants, edible oil refineries and packaging facilities, and corn dry mills in the U.S., Canada and Mexico.
About Bunge Limited
Bunge Limited (www.bunge.com) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge’s over 22,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry.
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