New Facility to Meet Pioneer Soybean Boom

DuPont business Pioneer Hi-Bred recently announced it will 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.

The new plant will serve soybean growers in more southern geographies in the United States.  It is expected to begin operation in fall 2011 and employ about 50 people when fully operational.

"This location strengthens our ability to bring new products to the market faster and to help farmers increase their productivity and profit,” said Paul 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,” said David Kerr, director – Missouri Department of Economic Development.
To read the full press release, click here.