Soybean Processing Plant Expansion Complete

Posted: Updated:
The plant was built in 1997. The plant was built in 1997.
MOUNT VERNON -

The New Orleans-based Consolidated Grain and Barge Co. has completed the $32 million expansion of its soybean processing facility at the Port of Indiana-Mount Vernon. The company says the effort will increase servicing opportunities for Indiana soybean farmers and increase product supply for agribusiness customers.

Phil Wilzbacher, port director for the Port of Indiana-Mount Vernon, says the expansion more than doubles the size of CGB's operation since it opened in 1997. CGB said when the project was first announced that a small number of jobs would be created as a result of the expansion.

"We announced our expansion plan here in the fall of 2016 because we were excited about growth opportunities at this Mount Vernon location," said Kevin Adams, chief executive officer of CGB. "This investment means we will remain competitive in this global economy and it underscores our commitment to remain an essential partner in the Indiana agricultural community."

The facility is the company's only soybean processing plant in the country. About 60 percent of the facility's soybean volume is shipped on barges using the port system.

  • Perspectives

    • #MeToo, Bullying And What We All Can Do Now

      Indeed, it is an interesting time with so much continuing to come out in Hollywood, the media, other industries, and even our state government related to the sexual harassment of women - women who have remained silent for years. Like those women, I too have been harassed in various ways over the course of my career, even in recent years - and yes, even in top leadership roles. The headline about my departure or the email citing that I was moving on never fully told the real story.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • U.S. Steel 'Renaissance' Spurs $750M Gary Works Investment

      Pittsburgh-based U.S. Steel Corp. (NYSE: X) has announced a $750 million investment in its Gary Works operations. The company says the funds are part of a $2 billion asset revitalization effort that will take place over the next five years. Last year, U.S. Steel detailed plans that involved pumping $35 million into Gary Works, which followed the $23 million first phase of its Hot Strip Mill Restoration Plan. The latest investment, the Indiana Economic Development Corp. says...

    • AstraZeneca Operation Makes Global Connections From Posey County

      The executive director of a major pharmaceutical site in Posey County is discussing its global reach. In a video from the Economic Development Coalition of Southwest Indiana profiling the AstraZeneca PLC manufacturing and distribution operation in Mount Vernon, Tanya Harris says about half of its products at the facility are exported throughout the world. The operation was acquired by AstraZeneca in late 2015 in a more than $3 billion deal for the global diabetes business of...

    • Salesforce Begins Pathfinder, Reorganization Efforts

      Salesforce.com Inc. (NYSE: CRM) is underway with the first cohort of its Pathfinder Training Program that is part of the tech giant's ongoing Indianapolis growth. The company is partnering with Deloitte to provide business and technical training to Ivy Tech Community College students and Hoosier veterans looking to become Salesforce administrators and developers. The program comes as the company realigns its Marketing Cloud organization. In a statement, Salesforce says it...

    • Embassy Suites Plainfield Makes Appointments

      Embassy by Hilton Plainfield Indianapolis Airport, a Sun Development and Management Co. hotel, has appointed Ben Joos general manager. He previously served as general manager of the Embassy Suites by Hilton in Downtown Indianapolis. Also, Mike Grabowski has been named director of sales.

    • Security Company Announces Layoffs at FedEx Hub

      Indianapolis-based security company Andy Frain Services Inc. has announced plans to lay off nearly 150 workers at the FedEx Indy Hub facility at the Indianapolis International Airport. In a notice to the state, the company says the layoffs are due the termination of a contract for its security services.