ADM Announces New Cocoa Processing Plant in Ghana
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) will build a state-of-the-art cocoa processing facility in Kumasi, Ghana. The facility will use the latest technology in cocoa bean processing, assuring high quality cocoa products to meet ADM’s growing global customer needs.
The plant will diversify and expand ADM’s global cocoa origination and processing operations into a strategically important location. In addition, the Ghana processing plant will bring value to ADM’s customers by offering cocoa products from a single source origin.
“This investment demonstrates ADM’s commitment to expand our premier position in the agricultural processing value chain,” commented Mark Bemis, president, ADM Cocoa. “Our strategy includes the geographic expansion of our food processing and distribution network.”
“It also represents Ghana’s growing importance in the cocoa processing value chain. By locating the plant in Kumasi, we will be processing cocoa closer to the farmers and providing local jobs to the community,” Bemis said. “In addition, it fits securely within the Ghanaian government’s strategic and economic objectives of adding value to its cocoa production.”
Construction, pending final permitting approvals, is set to begin this year.
ADM is a global leader in cocoa processing with plants in North and South America, Europe, Asia and Africa.
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy and has a premier position in the agricultural processing value chain. ADM is one of the world’s largest processors of soybeans, corn, wheat and cocoa. ADM is a leading manufacturer of biodiesel, ethanol, soybean oil and meal, corn sweeteners, flour and other value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 26,000 employees, more than 240 processing plants and net sales for the fiscal year ended June 30, 2006 of $37 billion. Additional information can be found on ADM’s Web site at www.adm.com/.
ADM Media Relations