USA: Green Light for Expansion Monsanto Invests in Louisiana Manufacturing Site
Monsanto Company’s Board of Directors gave final approval for a capital expenditure to expand the company’s Luling, La., manufacturing site.
St. Louis/USA – The expansion, a $ 975 million capital investment, is expected to be operational in three years and enable the company to deliver a dicamba formulation pipeline to growers and further strengthen its integrated solutions platform.
Monsanto is investing in dicamba manufacturing at the site to support the launch of its Roundup Ready Xtend Crop System. Upon anticipated completion of the construction in mid-2019, the Luling facility is expected to supply 25 to 35 % of the fully mature demand for the dicamba product.
During the next decade, the Roundup Ready Xtend Crop System is expected to launch across the United States, Brazil, Latin America South and other world areas.