Bloomberg News

Noble Group, Altius to Set Up Oil Seed Plant in South Africa

July 19, 2011

(Updates with details of plant in second paragraph.)

July 19 (Bloomberg) -- Noble Group Ltd., a Hong Kong-based supplier of energy, food and mining commodities, plans to set up an oilseed crushing plant in South Africa’s Mpumalanga province in a venture with Altius Investment Holdings Ltd.

The plant will process soybeans and sunflower seeds to produce edible oil and feedstock, the companies said in an advertisement in today’s Business Day newspaper in Johannesburg.

The facility will be the largest of its kind in South Africa and will cost $16 million to build, Rob Louw, chief executive of Cape Town-based Altius, said today by phone.

--Editors: Randall Hackley, Antony Sguazzin

To contact the reporter on this story: Lauren van der Westhuizen in Cape Town Nef at lvanderwesth@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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