Bunge North America, a unit of global agribusiness and food company Bunge, is planning to cease oil packaging operations at its plant in Bradley, Illinois, US.
The move will put close to 150 employees in the oil packaging plant at risk.
As part of the closure, financial and customer services, regulatory and innovation functions at the plant will be transferred to the company’s corporate headquarters in St Louis over the next two years.
Bunge North America oilseed value chain executive vice-president Tim Gallagher said: "Our team in Bradley has worked hard to make the plant as efficient as possible, but it is more than a half-century old and needs significant capital investment.
"As a result of our strong productivity initiatives, we found we can continue to provide our customers with high-quality products, reliable supply and strong customer service from our other US packaging locations with less investment."
Besides the Bradley plant, the company also operates oil packaging facilities in Alabama, Indiana, Texas, New Jersey, California and Virginia.
Bunge employs close to 35,000 people across its operations in more than 40 countries.
The company buys, sells, stores and transports oilseeds and grains, processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers, produces sugar and ethanol from sugarcane, mills wheat, corn and rice to make ingredients used by food companies, and sells fertiliser in South America.