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Monsanto expansion to put Lubbock economy in high cottonMonsanto expansion to put Lubbock economy in high cottonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=117682016-01-15T06:00:00Z

​​LUBBOCK – ​​​Monsanto, one of the world's largest sustainable agriculture companies, is expanding its local operations​​ to include a new $140 million cottonseed processing facility. ​

The facility, on 150 acres along I-27, will be established as Monsanto's primary U.S. hub for all cottonseed​ processing operations. 

Groundbreaking is scheduled for March, and the company anticipates the facility will be operational by summer 2017.

The company is also creating 40 new f​ull-time jobs and 15-25 part-time jobs that will operate out of the facility. Full-time positions include managers and technicians with annual average salaries of $55,000.

Once fully operational, the total value-added impact will be $11.2 million annually. 

Lubbock Economic Development Alliance
Lubbock
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