U.S.-based agriculture to pharmaceutical company Cargill Inc. plans to invest 12.5 billion Philippines peso ($238.9 million) in the Philippines over the next two years.
Cargill is intending to extend its operating businesses to satisfy the increasing demand of Filipinos for meat products.
Cargill will use the investment across its local agricultural supply-chain portfolio, which include importation of commodities, copra business, animal feeds and aqua feeds business.
In 2018, Cargill generated $114.7 billion and operating income at $3.2 billion.