Chinese multinational knows Mato Grosso's potential to install factory

Mato Grosso is one of the states of interest to Funfeng Group Limited, a global leader in biofermentation, for the installation of a US$400 million factory. Corn is the raw material for the production of xanthan gum, amino acids and monosodium glutamate, which serve the animal nutrition, food, beverage, pharmaceutical, oil and gas industries, among others. 

The company's regional director, Bao Xin, and engineering consultant, Ren Ping, were at the State Secretariat for Economic Development (Sedec) on Thursday afternoon (09.05), and said that Brazil is part of the company's growth, for being one of the largest corn producers in the world. China is the biggest buyer of the grain. 

Furthermore, Funfeng seeks to diversify the global supply network, which already has a presence in Ukraine and the States, which are also major global corn producers. 

They are interested in implementing a biological fermentation factory in an area of ​​1000 m², with a processing capacity of 660 thousand tons of corn. The plant should generate around 600 direct jobs. 

It was presented to the Chinese that the Government of Mato Grosso invested around 20% of net revenue in investments and this translates into more job creation, the second largest in the country in 2023, the third state with the lowest income inequality, largest agricultural producer of Brazil and the largest Brazilian exporter. 

“We have the construction of a railway in progress, more than 3,5 km of new highways, we are building 6 hospitals, more new public airfields, as well as subsidies for families to buy affordable housing. All of this is important and weighs on the businessman's decision-making when investing in the State, where employees will have access to health, education and infrastructure”, pointed out the Secretary of State for Economic Development, César Miranda.