- In January 2022, Ambuja Exports, a prominent construction company based in India, saw a 4.96% rise in its share price following the announcement of plans to build a new corn wet-milling plant in Gujarat. This move is expected to strengthen the company’s position in the growing wet milling market. The investment in the new facility reflects the company’s commitment to capitalizing on the increasing demand for corn-based products
- In September 2022, Cargill inaugurated a new corn wet mill plant in Indonesia with an investment of USD 100 million. This facility is strategically positioned to support the growing demand in the Asian market for products such as sweeteners, starch, and animal feed. The expansion enhances Cargill’s production capabilities, strengthening its presence in the region and addressing the rising consumption of corn-based products
