ADM Donates $500,000 to Cedar Rapids Public Library Foundation
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) announced today that it has donated $500,000 to the Cedar Rapids Public Library Foundation for the rebuilding of the Cedar Rapids Public Library, which was devastated by floods in June 2008.
The check was presented to Cedar Rapids Public Library Foundation President Christine Schuety by Doug Brakhahn, plant manager of ADM’s Cedar Rapids facility. The donation ceremony took place at the library’s interim facility, located at Westdale Mall.
“ADM believes we have a responsibility to the communities where we live and work,” said Brakhahn. “We are proud to present this gift to the Cedar Rapids Public Library Foundation and look forward to the day when the library is fully restored and back in service to the Cedar Rapids community.”
The donation was given through ADM Cares, the Company’s corporate giving program, which supports educational initiatives for children and young adults, and programs that build vibrant communities.
ADM operations in Cedar Rapids began in 1971 with the purchase of interests in Corn Sweeteners, Inc. Today, approximately 400 employees and 800 contractors work at the Company’s corn wet mill, co-generation facility and Red Star yeast plant. Products made at these facilities include high fructose corn syrup, corn gluten meal, corn gluten feed, yeast and ethanol. ADM is expanding its ethanol production in Cedar Rapids with the construction of a corn dry mill, which is slated for completion in 2010.
Every day, the 27,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 230 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the world’s premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2008, were $70 billion. For more information about our Company and our products, visit www.adm.com.
Beth Ragan, ADM Media Relations