MEDIA RELEASE PR37604
Bunge Begins Construction of New Soybean Processing Plant in Vietnam
HO CHI MINH CITY, Dec. 16 /PRNewswire-AsiaNet/ --
Bunge Vietnam, the wholly owned subsidiary of Bunge Limited (NYSE: BG), announced today it has
commenced construction within the Phu My Port complex of a $100 million integrated soybean processing
plant - the first of its kind in Vietnam. When fully completed, the facility will have soybean crushing and multi-
oil refining/bottling capabilities. The first phase of the two-part project includes assembling a 3000-tons-per-
day crushing line with related flat and vertical storage for raw materials and end products. These operations
are scheduled to begin production in early 2011.
"Vietnam remains one of Bunge's best growth opportunities. Evolving our successful existing business from
a product import to a domestic processing model will allow us to leverage our leading industry positions and
global supply chain to bring our customers and the Vietnamese consumer added value in product quality,
supply dependability and cost," stated Christopher White, CEO, Bunge Asia. "Operating locally also provides
us the opportunity to bring significant employment and world-class manufacturing, safety and environmental
management standards to the Vietnamese communities that have welcomed us so graciously. We will also be
working closely with the government and with farmer constituencies to help develop the country's own oilseed
production potential."
The new plant will be located on ten hectares within the Phu My 1 Industrial zone in the Thanh Tan district,
approximately 70 kilometers southeast of Ho Chi Minh City on the Thi Vai River. The site is adjacent to the
Phu My Port in which Bunge shares ownership. The rapidly developing area houses significant feedmilling and
oil refining operations that form the foundation of the plant's prospective customer base.
Despite the global economic slowdown, Vietnam's demand for vegetable oil for consumers and protein for
livestock has continued to grow at double digit annual rates. "The plant's location and its timing are optimal,"
noted Horst Guenther, Bunge Asia's Commercial Director for Southeast Asia Distribution. "Our ability to
discharge agricultural commodities and distribute soybean meal efficiently and economically throughout
Vietnam is second to none, thanks to our Baria Serece (Port) and Quang Dung (Distribution) partners. We are
working hard now to configure an equally effective oil distribution strategy and further develop our remote meal
distribution network in the North, Central and Mekong Delta regions so that the plant will run full out from the
first day it starts."
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company founded in
1818 and headquartered in White Plains, New York. Bunge's over 25,000 employees in over 30 countries
enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer
to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural
commodities worldwide, produces food products for commercial customers and consumers and supplies raw
materials and services to the biofuels industry.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements. All statements, other than
statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our
current expectations and projections about our future results, performance, prospects and opportunities. We
have tried to identify these forward-looking statements by using words including "may," "will," "should," "could,"
"expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These
forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause
our actual results, performance, prospects or opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements. The following important factors, among others, could affect our
business and financial performance: industry conditions, including fluctuations in supply, demand and prices
for agricultural commodities and other raw materials and products used in our business, fluctuations in energy
and freight costs and competitive developments in our industries; the effects of weather conditions and the
outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and
commodities market, political, social and health conditions; the outcome of pending regulatory and legal
proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and
strategic alliances; changes in government policies, laws and regulations affecting our business, including
agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business
generally. The forward-looking statements included in this release are made only as of the date of this
release, and except as otherwise required by federal securities law, we do not have any obligation to publicly
update or revise any forward-looking statements to reflect subsequent events or circumstances.
SOURCE: Bunge Vietnam
CONTACT:
Benson Sim of Bunge Asia,
+65-64193717,
benson.sim@bunge.com
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