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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 | |
---|---|---|---|---|---|---|---|---|
0.115 | 0.19% | 60.805 | 3,965 | 14:10:39 |
Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company (NYSE: ADM), today announced that it is investing in the construction of a new warehouse and receiving area at its shelling facility in Headland, Alabama.
“Golden Peanut and Tree Nuts is already one of the world’s premier handlers and processors of peanuts, and we are committed to taking action to remain the first choice for customers,” said Greg Mills, president of Golden Peanut and Tree Nuts. “The new receiving and storage capacity we are building at our Headland facility will allow us to ensure that we continue to meet—and exceed—customer needs as the peanut and peanut oil markets in the U.S. continue to grow.
“We are taking vigorous action to ensure that we remain a leader in the industry,” Mills continued. “Just last month, we announced plans to increase our farmer stock warehousing capabilities in Argentina. In 2016, we completed upgrades at our processing facility in Dawson, Georgia, and our storage location in Vienna, Georgia. Our goal is to continue to lead the industry with global capabilities, the highest-quality products, and unparalleled customer service.”
The new facility, which will have the ability to store 20,000 tons of peanuts, will help improve efficiency for farmers by reducing unload times, and will enhance quality control in the Golden Peanut and Tree Nuts processing system. It will include a 100’ by 540’ foot warehouse, with:
“We are proud to be investing in the Headland community, and we’d like to thank Mayor Marler, Matt Parker and the team at the Dothan Area Chamber of Commerce, and the City of Headland Industrial Development Board for their continued support of Golden Peanut and Tree Nuts, and of the entire region,” said John Sheppard, manager of the Headland Golden Peanut and Tree Nuts facility.
The project is targeted for completion in time for the 2017 harvest. Suppliers or customers with questions about the Headland facility should contact Greg Mills at (770) 752-8225.
About Golden Peanut and Tree Nuts
Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company, is a leading handler and processor of peanuts and tree nuts. Headquartered in Alpharetta, Georgia, the company has 13 processing facilities in the U.S. and one in Argentina. In South Africa, Golden Peanut is the majority owner of peanut processing plants in Hartswater, Hoopstad and Jan Kempdorp, and is 51 percent owner of pecan processor and marketer GPC Pecan S.A.
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 approximately 32,000 employees serving customers in more than 160 countries. With a global value chain that includes approximately 500 crop procurement locations, 250 ingredient manufacturing facilities, 38 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170221006384/en/
Archer Daniels Midland CompanyMedia Relations:Jackie Anderson, 312-634-8484media@adm.com
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