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Mosanto announces new cotton seed processing facility in Texas

Monsanto Company is developing a new, state-of-the-art cotton seed processing facility in Lubbock, Texas. In cooperation with the Lubbock Economic Development Alliance (LEDA), construction of the new facility is expected to begin in March 2016 and be completed in the second half of calendar year 2017.

The new Lubbock site represents a $140 million capital investment and is expected to employ 40 full-time personnel. The site will be established as Monsanto’s primary US hub for all commercial cotton seed processing operations – to include cleaning, treating and bagging of cotton seed – while existing processing facilities will transition to support storage and warehousing, pre-commercial operations and research in various parts of the Cotton Belt.

In October 2015, Monsanto announced a number of strategic actions to help drive greater scale in its business and further enhance its overall operations. Location of the new hub facility, Monsanto’s established relationship with LEDA and the opportunity to leverage new production technology factored into the decision to consolidate and optimize its US commercial cotton seed processing operations.

www.mosanto.com

 
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