Monsanto breaks ground on $975 million Louisiana expansion

Monsanto has held a groundbreaking ceremony for a previously announced $975 million investment project at Luling, Louisiana. The manufacturing facility, due for completion in 2019, will support the launch of Monsanto’s Roundup Ready Xtend crop system. The facility is expected to supply about one-third of the market demand for dicamba-based products. Dicamba, along with glyphosate, is the active weed-control ingredient in the Roundup Ready Xtend crop system. Initial use of the new product will be in soybean and cotton crops. Monsanto and the State of Louisiana announced the company’s preliminary plans to expand the Luling site in June 2015. In April 2016, Monsanto’s board of directors authorized the final investment leading to the launch of construction this month. The new investment follows a previous $200 million expansion completed by Monsanto at Luling in 2010.