Bunge opens state-of-the-art wheat mill in Yucatán
May 31, 2018 - St. Louis, Missouri - Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it has opened its new wheat mill in the southeast region of Mexico.
The Del Mayab mill is located 20 kilometers from Puerto Progresso, a strategic location for serving key customers in southeast Mexico. This site provides logistical advantages since wheat brought in through the nearby port can easily be delivered to the mill and the flour produced can be efficiently exported to other countries in Latin America.
“This expansion of our footprint ensures that Bunge can continue to meet the needs of our customers with a reliable supply chain and the ability to produce high quality ingredients at a competitive cost,” said Daniel Maldonado, managing director, Mexico. “The location and design of this mill allow us to create a world-class operation with a strong local presence.”
The facility was engineered for the best productivity, quality, safety and environmental performance possible. Its state-of-the-art technology will improve yields, ensure product quality and reduce energy consumption.
“Through our network of wheat mills in Mexico, Bunge has built a reputation for providing high quality products at competitive prices,” said Jennifer Uribe, commercial director. "We look forward to providing bakers and families in this region a high level of service and flours that produce breads that are richer, softer and fluffier – the trademarks of our brands, including Espiga®, Escudo Plus® and Villa Rica®.”
The Del Mayab mill will serve the states of Yucatán, Campeche, Quintana Roo, Chiapas and Tabasco. This region is home to 10% of Mexico’s population and is growing faster than any other area of Mexico.
The facility will sell flours in bulk and in bags to serve both large food companies and small bakeries. It employs nearly 50 workers and generates additional economic benefits for the region.
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 animal feed, 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, wheat and rice mills in the U.S., Canada and Mexico.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed; produces edible oil products for consumers and commercial customers in the food processing, industrial and artisanal bakery, confectionery, human nutrition and food service categories; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “plan,” “intend,” “estimate,” “continue” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could affect our business and financial performance: industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.
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