ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ADM Archer Daniels Midland Company

59.00
0.63 (1.08%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Archer Daniels Midland Company NYSE:ADM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.63 1.08% 59.00 59.46 58.26 58.69 3,746,152 01:00:00

ADM to Construct Feed Plants in China and Minnesota

05/05/2015 3:17pm

Business Wire


Archer Daniels Midland (NYSE:ADM)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Archer Daniels Midland Charts.
  • Zhangzhou facility will serve growing demand in southern China
  • Glencoe, Minnesota, facility will increase efficiency, production capacity

Archer Daniels Midland Company (NYSE: ADM) today announced that it is building a new feed-premix plant in the city of Zhangzhou, in southern China, bringing to four the number of plants in the company’s premix network in the country. The company also announced that it will build a new feed plant in Glencoe, Minnesota, to support a growing market in the Midwest.

Zhangzhou, China

“Demand for safe, high-quality animal feed in China is growing, and we are expanding our feed business there to meet that demand,” said Brent Fenton, president, ADM Animal Nutrition. “China has ambitious goals for food security and safety, which are creating great opportunities to provide more of the consistent, quality feed products that ADM is known for. This plant will be well-positioned to serve Fujian, Guangdong, Guangxi and Hainan—four provinces with substantial and growing swine, poultry and aquaculture industries.”

The Zhangzhou plant, which is expected to be complete in the fourth quarter of 2016, will manufacture a range of nutritional feed premixes that can be added to animal rations to promote good health and optimal growth. Such premix formulas typically contain various vitamins and minerals, amino acids such as lysine and threonine, and special feed additives, among other ingredients. ADM will manufacture an estimated 30,000 metric tons of premix products per year at the Zhangzhou facility, which will also provide 80,000 metric tons of additional capacity for the production of complete feeds and concentrates. The facility is expected to employ about 150 people, and will complement ADM’s existing premix facilities in Dalian and Tianjin, in northern China; and a facility under construction in Nanjing, in eastern China.

Glencoe, Minnesota

The new, fully automated feed facility in Glencoe, adjacent to ADM’s existing mill, is expected to be complete in the first quarter of 2016. It will serve customers in Minnesota, Wisconsin and Iowa. ADM will be able manufacture about 80,000 metric tons of products per year at the facility.

“A new, automated facility in Glencoe will help us drive operational efficiencies and better meet customer needs for swine and cattle feed products,” Fenton said. “With these new plants in Minnesota and China, we are better able help to meet the needs of livestock producers around the world.”

Forward-Looking Statements

Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with more than 33,000 employees serving customers in more than 140 countries. With a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, chemical and energy uses. Learn more at www.adm.com.

Archer Daniels Midland CompanyMedia RelationsJackie Anderson, 312-634-8484media@adm.com

1 Year Archer Daniels Midland Chart

1 Year Archer Daniels Midland Chart

1 Month Archer Daniels Midland Chart

1 Month Archer Daniels Midland Chart

Your Recent History

Delayed Upgrade Clock