ADM to Construct Feed Plants in China and Minnesota
CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced that it is building a new feed-premix plant in the city of Zhangzhou, in southern China, bringing to four the number of plants in the company’s premix network in the country. The company also announced that it will build a new feed plant in Glencoe, Minnesota, to support a growing market in the Midwest.
“Demand for safe, high-quality animal feed in China is growing, and we are expanding our feed business there to meet that demand,” said Brent Fenton, president, ADM Animal Nutrition. “China has ambitious goals for food security and safety, which are creating great opportunities to provide more of the consistent, quality feed products that ADM is known for. This plant will be well-positioned to serve Fujian, Guangdong, Guangxi and Hainan—four provinces with substantial and growing swine, poultry and aquaculture industries.”
The Zhangzhou plant, which is expected to be complete in the fourth quarter of 2016, will manufacture a range of nutritional feed premixes that can be added to animal rations to promote good health and optimal growth. Such premix formulas typically contain various vitamins and minerals, amino acids such as lysine and threonine, and special feed additives, among other ingredients. ADM will manufacture an estimated 30,000 metric tons of premix products per year at the Zhangzhou facility, which will also provide 80,000 metric tons of additional capacity for the production of complete feeds and concentrates. The facility is expected to employ about 150 people, and will complement ADM’s existing premix facilities in Dalian and Tianjin, in northern China; and a facility under construction in Nanjing, in eastern China.
The new, fully automated feed facility in Glencoe, adjacent to ADM’s existing mill, is expected to be complete in the first quarter of 2016. It will serve customers in Minnesota, Wisconsin and Iowa. ADM will be able manufacture about 80,000 metric tons of products per year at the facility.
“A new, automated facility in Glencoe will help us drive operational efficiencies and better meet customer needs for swine and cattle feed products,” Fenton said. “With these new plants in Minnesota and China, we are better able help to meet the needs of livestock producers around the world.”
Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.
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 more than 33,000 employees serving customers in more than 140 countries. With a global value chain that includes more than 460 crop procurement locations, 300 ingredient manufacturing facilities, 40 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, chemical and energy uses. Learn more at www.adm.com.
Archer Daniels Midland Company
Jackie Anderson, 312-634-8484