Archer Daniels Midland Company (NYSE: ADM) is building a sweetener and soluble-fiber manufacturing complex at the port of Tianjin in North China, on the Yellow Sea.
The facility, approved by the Chinese government authorities, will produce sweeteners and soluble fiber, which is used to add dietary fiber to a wide range of food and beverage products. The complex is ADM’s first wholly owned food-ingredient production facility in China.
“This new complex will position ADM to help meet growing demand in China and Asia for high-quality food ingredients that can serve a wide variety of needs,” said Ismael Roig, ADM vice president and president, Asia-Pacific. “Our Tianjin site’s favorable location near large urban demand centers--along with its proximity to rail and water transportation and ready access to feedstocks--will allow it to be seamlessly integrated into ADM’s global origination and transportation network, thereby enabling us to efficiently serve the needs of our valued customers in China and Asia.”
Construction of the sweetener facility is expected to be fully operational in early 2015, with the soluble fiber facility operational in the second half of 2015.ADM began operations in China in the mid-1990s, when the company acquired an animal feed premix plant in Dalian, in the country’s northeast. In recent years, ADM has grown to become one of the top exporters of grain to Asia, and the company markets an extensive range of food ingredients and animal feeds and feed premixes through its network of sales offices located throughout the Asia-Pacific region. About ADM For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve vital needs. Today, 31,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses. With more than 270 processing plants, 470 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 140 countries. For more information about ADM and its products, visit www.adm.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV