Cargill Invests $200M in Volgograd Sunflower Oil Factory

VOLGOGRAD — U.S. agribusiness giant Cargill is spending at least $200 million to build a sunflower oil factory in the Volgograd region in southern Russia, the local government said Tuesday.

The region, bisected by the Volga River, annually produces more than 600,000 tons of sunflowers, most of which are currently sent out of the region for processing, the administration’s press service said in a statement.