Pioneer To Build New Soybean Facility
Pioneer Hi-Bred plans to construct a new $55 million commercial and parent soybean seed production facility to meet growing demand.
March 12, 2010
DuPont and the state of Missouri has announced DuPont business Pioneer Hi-Bred plans to construct a commercial and parent soybean seed production facility in New Madrid County, MO. The $55 million project is one of many expansions Pioneer is making to ensure it meets rising demand for its products and helps farmers meet the strong global demand for grain.
Pioneer, which recently acquired 129 acres of land in Missouri’s New Madrid County, expects initial operation to begin fall 2011 after construction is completed. The new plant is expected to employ about 50 people once it is fully operational.
“This location strengthens our ability to bring new products to the market faster and to help farmers increase their productivity and profit,” says Paul E. Schickler, president – Pioneer Hi-Bred. “Our high-yielding Y Series soybeans have created even more demand for Pioneer soybeans, and this new facility will help ensure that growing demand is met.”
“As our economy continues to recover, it is critically important that high-tech, high-paying companies such as Pioneer invest in Missouri and create new jobs for our workers,” says David Kerr, director – Missouri Department of Economic Development. “Pioneer’s plan to build a new production facility in New Madrid County further demonstrates how a strong package of state tax incentive programs can serve as a powerful tool to help draw quality companies to Missouri, creating new jobs and moving our economy forward.”
“The Missouri Technology Corporation (MTC) is pleased to partner with the Department of Economic Development to bring this exciting project and new jobs to southeast Missouri,” says Jason Hall, executive director – MTC. “This project is a direct result of the work of the state and MTC, along with others, to strategically market Missouri’s strength in agricultural-biotechnology and to bring these next-generation jobs to all corners of the state.”
As the first Pioneer production facility in Missouri, the new plant primarily will serve soybean growers in more southern geographies in the U.S. Pioneer also has a research facility in Miami, MO, as well as selling corn, soybean, sorghum, and wheat seed in the state.