ADM Looks at Further Expanding Soy Crush Capacity in North Western Europe after Successful Startup at Straubing Plant
STRAUBING, Germany, June 2, 2016 — Archer Daniels Midland Company (NYSE: ADM) announced that it has successfully started up its new soybean crushing capacity at its oilseeds plant in Straubing and is now looking at further expanding its soy crushing options at other facilities in northwest Europe.
“The future of crushing beans in Europe looks healthy, and we are looking very closely at where we can best expand crush in Europe,” said Jon Turney, general manager, ADM European soybean crush. “We see scale, due to the marginal cost per metric ton, as a key for our continued success as a destination soy crusher in order to ensure we are able to compete with origin crushers importing meal into the region. Adding switch capability to our plants allow us to utilize our assets more towards the protein markets when EU oil markets are under pressure. We believe we are best placed in our industry to further grow our crush capacities organically and keep our production costs in line with or lower than our origin crushing operations.”
Straubing’s new capability allows the site to crush soybeans sourced from the Danube region in order to market European non-GMO soymeal and oil to customers in Western Europe.
Josef Vielreicher, chairman of the board at Goldsteig, one of the most popular German producer of mozzarella exporting to all European countries, said “True to our guiding principle, ‘Naturally from farmers hand,’ sustainability is a priority for our company. It is therefore our task to satisfy our customers’ demand for regional, non-genetically modified dairy products. ADM represents an important vendor to us, who can supply our farmers’ dairy cows with regional, non-genetically modified soybeanmeal and rapemeal from European origin.”
“We are pleased with the product throughput and quality we are seeing at the plant and excited that we are now also able to supply non-GMO soymeal and oil from Danube-grown soybeans to our customers,” said Rene van der Poel, general manager of ADM’s Straubing facility. “I wish to thank the whole project team and our customers for their help and support in successfully getting this project off the ground.”