Bunge opens major soy protein plant in Indiana as earnings outlook rises
The new Morristown site adds jobs and expands soy processing capacity as Bunge reports stronger soybean business results in early 2026.
USA – Bunge has opened a new soy protein concentrate plant in Morristown, Indiana, strengthening its soybean processing business at a time when the company expects better earnings for the rest of 2026.
The company said the facility is the largest soy protein concentrate plant of its kind in the United States. Bunge added that more than 70 workers joined the site over the past year.
The plant will process soybeans grown in Indiana into ingredients used in meat products, plant based foods, bakery items, snacks, animal nutrition, and feed.
Bunge Chief Executive Officer Greg Heckman said the Morristown facility plays a key role in the company’s work with farmers, food producers, and feed customers.
“Morristown is one of Bunge’s most important facilities. It supports our purpose to connect farmers to consumers to deliver essential food, feed, and fuel to the world,” Heckman said in a LinkedIn post announcing the opening.
He added that the site reflects long term cooperation between the company, local farmers, workers, and the wider Indiana community.
“This facility represents more than manufacturing capacity. It represents innovation rooted in agriculture. It represents the strength of partnership between global markets and local communities,” he said.
The opening comes shortly after Bunge released its first quarter 2026 financial results. The company reported GAAP diluted earnings per share of US$0.35, down from US$1.48 during the same period last year. However, adjusted earnings per share reached US$1.83, slightly above the US$1.81 recorded a year earlier.
Bunge linked the stronger adjusted results to better performance in soybean and softseed processing as well as refining activities. The company also raised its full year adjusted earnings outlook to between US$9.00 and US$9.50 per share, up from its earlier forecast of US$7.50 to US$8.00 per share.
In its earnings update, the company said changing trade flows and wider economic pressure continue to affect global agricultural markets. Even so, Bunge stated that its broad business structure allows it to respond to shifts across different regions and supply chains.
The Morristown investment adds to Bunge’s efforts to increase processing capacity for soy based ingredients as demand grows from both food and feed producers. The company said the plant also strengthens links between local soybean farmers and global markets.
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