LUBBOCK - The Lubbock Economic Development Alliance (LEDA) announced
Monsanto, an agriculture company, will build a $140 million, state-of-the-art,
cotton seed processing facility in North Lubbock by summer 2017.
LEDA Chairman Tim Collins said this is the largest investment
LEDA's ever acquired. "There will be an $11.2 million annual value added to
our economy from the operations of the plant," Collins said.
The facility will span 150 acres in North Lubbock along I-27.
The plant will create around 60 new jobs.
The facility will be Monsanto's hub for all cotton seed
processing such as cleaning, treating and bagging Monsanto's Deltapine brand
"They will be able to bag approximately 80 percent of
all cotton seed needed in the country in that plant," Collins said.
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