Cargill CEO Greg Page said the company plans to increase its spending with minority- and women-owned companies from $460 million to $1 billion,
the
Minneapolis/St. Paul Business Journal
reported.
Page was speaking at the annual meeting of the Midwest Minority Supplier Development Council.
He did not specify a target date, the report noted.
Among Cargill’s partnerships with minority-owned firms is Catalina Mexican Foods, a venture with Catalina Specialty Foods of St. Paul, Minn., to produce tortillas for McDonald’s, the journal article said.
Page said fostering diversity is not just altruism, but is good business that is demanded by the family owners of the $134 billion Cargill, which is one of the largest private firms in the world.
(Source:
Minneapolis/St. Paul Business Journal,
May 2, 2013.)
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