New facility will allow ADM to export increasing agricultural output from Brazil
DECATUR, Ill.--(BUSINESS WIRE)--The first loaded vessel has departed Archer Daniels Midland Company’s
(NYSE: ADM) new export terminal in Barcarena, in the northern Brazilian
state of Pará. The terminal is a significant addition to ADM’s expanding
logistical network in Brazil, and offers an efficient pathway for the
export of grain from the increasingly productive western and northern
regions of the country. ADM received approval to begin operations at the
terminal at the end of July.
“We are pleased to see operations underway at our new terminal in
Barcarena,” said Valmor Schaffer, president, ADM South America. “This
terminal positions ADM to continue to grow hand in hand with Brazil’s
expanding agricultural production, particularly in the country’s highly
productive northern and western regions.”
ADM acquired the terminal in 2012. It currently has the capacity to
handle approximately 1.5 million metric tons of grain on an annual
basis; ADM intends to expand the terminal’s capacity to 6 million tons
by 2016.
“The Barcarena terminal builds on our existing network, which uses
inland waterways, rail, and truck transportation to move crops and
products throughout Brazil,” Schaffer added. “We are excited by the
opportunities presented by Brazil’s expanding agricultural production,
and look forward to continuing to be a part of the country’s success.”
About ADM in Brazil
ADM is one of the largest agribusiness companies in Brazil. With more
than 4,700 employees, the company processes soy at four facilities, and
markets the soy oil brands Concórdia and Corcovado. The company operates
the largest biodiesel plant in Brazil, four fertilizer blending
facilities, a cocoa processing plant, a sugar cane processing facility
that produces ethanol, and more than 40 elevators across the country. In
March, ADM announced plans to construct a soy protein production complex
next to the company’s existing soybean processing facility in Campo
Grande, Mato Grosso do Sul.
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.
Archer Daniels Midland Company
Media Relations
Jackie Anderson, 217-424-5413
media@adm.com