Noble Group, the global supply chain manager of agricultural, industrial and energy products, has reached agreement to purchase an integrated soybean crushing and refining plant in the port of Qinzhou, Guangxi Autonomous Region, China, from Siping Hongzui Grease.


The plant will supply soybean meal and oil to customers in rapidly expanding markets in southern and cCentral China.


The acquisition of the Qinzhou Dayang facility will further integrate Noble’s global agricultural supply chain, linking its strengths in origination, elevation and sea-borne transportation to the most dynamic and developing market for our products,” says Richard Elman, chief executive officer of Noble Group. “We expect to supply a significant part of the soybeans for Qinzhou Dayang through our newly built port in Timbues, Argentina, creating an integrated supply chain from field to feed.”


The Qinzhou Dayang facility started operations in June 2005 and is located in the growing port of Qinzhou, capable of receiving and discharging panamex-sized vessels. The purchase is expected to close in March 2006.