BEIJING (XFN-ASIA) - Bunge Ltd (NYSE: BG) said it has set up a 65:35 joint venture to build and operate a soybean processing plant in southern China with state-owned Sinograin.
Construction of the plant is expected to be completed in late 2008, and will have a daily processing capacity of 4,000 metric tons of soybeans.
White Plains, NY-based Bunge did not provide financial details of the deal.
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