ADM Expands Central American Operations
• Part of ongoing effort to grow merchandising volumes and margins
CHICAGO, Aug. 25, 2015—Archer Daniels Midland Company (ADM) announced today that it is expanding its footprint in Central America with the opening of distribution and merchandising offices in El Salvador and Guatemala.
The offices—in San Salvador, El Salvador, and Guatemala City, Guatemala—are part of an ongoing effort to provide customers full end-to-end delivery for grains and products. One way the company is doing that is by using in-county distribution and merchandising offices to serve destination markets from ADM’s extensive network in exporting regions.
“We want to get closer to our customers by offering them a full supply chain solution for their grain, meal and oil demand, taking advantage of ADM’s unique, fully integrated transportation network and enhanced distribution capability in each market,” said Federico Gorbea, president and general manager of ADM Latin America. “We are very excited about the opportunities we see to expand our business in these two countries and elsewhere in the region.”
Gorbea added, “We intend to use existing infrastructure such as our port facilities in Mexico and Guatemala, and large grain export terminals in the U.S. Gulf, to increase destination marketing in these countries.”
“We continue to grow our distribution and supply-chain capability in emerging markets in Latin America, Southeast Asia, Africa and Eastern Europe,” said Joe Taets, ADM senior vice president and president of ADM’s Agricultural Services business unit. “Our objective is to improve both our effectiveness and profitability by providing storage and full distribution capability in key destination markets around the world.”
ADM in the Region
ADM has operations in Mexico, Panama, the Dominican Republic and Puerto Rico and an existing joint-venture grain storage facility at a port in Guatemala. The company also has an extensive network of flour mills and feed mills in the Caribbean—Jamaica, Belize, Barbados, Grenada and Trinidad—as well as a port facility in Jamaica.
Archer Daniels Midland Company