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Darling Ingredients (DAR) Stock News, Jul 15, 2020

DAR NYSE

Darling Ingredients Inc. reports developments in its global ingredients and renewable energy business, which collects animal agriculture and food-industry residuals and converts them into feed ingredients, food ingredients, collagen products, fats, fertilizers, renewable fuels, biogas and energy products.

Recurring company news includes quarterly and annual results, segment performance, updates on the Diamond Green Diesel renewable fuels joint venture, production tax credit sales, portfolio realignment, capital spending, debt and liquidity, investor-day strategy, and board governance matters.

Rhea-AI Summary

Darling Ingredients Inc. (NYSE: DAR) announced the commissioning of a new collagen peptides production facility in Ghent, Belgium. This facility exclusively produces porcine collagen and is part of Rousselot's strategy to expand global hydrolyzed collagen production. With the first commercial batches ready for delivery in July, the facility enhances Rousselot's capabilities alongside existing operations in Brazil and France. Additionally, construction continues for a new facility in Brazil, expected to be completed in October 2020, further solidifying Darling's position in the collagen market.

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FAQ

What is the current stock price of Darling Ingredients (DAR)?

Darling Ingredients (DAR) last closed at $55.73.

What is the market cap of Darling Ingredients (DAR)?

The market cap of Darling Ingredients (DAR) is approximately $8.8B.