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4-Traders Homepage  >  Equities  >  Tokyo  >  Mitsui & Co Ltd    8031   JP3893600001

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Mitsui : Novus building $360 million feed ingredient plant in Texas

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11/10/2017 | 08:49pm CET

Nov. 10--Novus International is building a $360 million livestock feed ingredient plant in Calhoun County, Texas.

St. Charles-based Novus is expanding the company's Alimet feed supplement manufacturing capacity by acquiring 192 acres for the expansion. The initial facility, on 26 acres, will have 65 full time employees and construction is slated to be completed in 2020.

As global population rises, demand for animal protein production is prompting the expansion. "Expanding our Alimet production will help livestock and poultry producers all over the world be more efficient and profitable, better serving all of us with the food we need," Novus' president and CEO François Fraudeau said in a statement.

___

(c)2017 the St. Louis Post-Dispatch

Visit the St. Louis Post-Dispatch at www.stltoday.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ( JPY)
Sales 2018 4 788 B
EBIT 2018 -
Net income 2018 405 B
Debt 2018 3 320 B
Yield 2018 3,75%
P/E ratio 2018 7,04
P/E ratio 2019 8,83
EV / Sales 2018 1,30x
EV / Sales 2019 1,35x
Capitalization 2 919 B
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Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 1 789  JPY
Spread / Average Target 10%
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NameTitle
Tatsuo Yasunaga President, CEO & Representative Director
Masami Iijima Chairman
Keigo Matsubara CFO & Representative Director
Satoshi Tanaka Representative Director & Executive Vice President
Toshiro Mutoh Independent Outside Director
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