- Tianjin plant produces Fibersol® soluble fiber for food, beverage companies
- Nanjing feed-premix plant is company’s third to serve China’s livestock industry
CHICAGO--(BUSINESS WIRE)--With the opening of two plants in China on two consecutive days this
week, Archer Daniels Midland Company (NYSE: ADM) has increased its
capacity to serve growing regional demand for value-added
food-ingredients and animal-nutrition products.
Earlier today, ADM CEO Juan Luciano joined government officials and
representatives from Matsutani Chemical Industry Co., Ltd., for a
ribbon-cutting ceremony in the northeastern coastal city of Tianjin,
marking the opening of a plant to produce Fibersol® soluble
dietary fiber. And on Thursday, Luciano stood alongside officials from
the eastern city of Nanjing to mark the opening of a feed-premix
plant—ADM’s third in the country.
Fibersol—sold and marketed through an ADM/Matsutani joint
venture—enables food and beverage manufacturers to increase the fiber
content of their products without impacting flavor, color or viscosity.
With the global market for soluble dietary fiber growing at an annual
rate of 13 percent, the Tianjin plant’s production capacity of 15,000
metric tons per year will help address food industry customers’
increasing demand.
“As more and more Chinese citizens enter the middle class, we expect
that demand for Fibersol and other value-added food ingredients made by
ADM will remain robust well into the future,” Luciano said in remarks at
today’s ribbon-cutting event.
Meanwhile, the Nanjing facility will manufacture nutritional premixes
that can be added to animal rations to promote good health and optimal
growth. Such premixes typically contain various vitamins and minerals,
amino acids such as lysine and threonine, and other ingredients. ADM
will manufacture an estimated 30,000 metric tons of premix products per
year at the Nanjing facility. The company also owns premix production
facilities in Tianjin and in Dalian, and a fourth is currently under
construction in Zhangzhou.
“As China continues transitioning from a manufacturing-driven economy to
a consumption-based economy, its middle class will continue to expand,
and meat consumption will continue to grow,” Luciano said, noting that
the U.S. Department of Agriculture has estimated that China’s production
of pork, poultry, and beef will increase by about 30 percent by 2024.
“We therefore are confident that demand for the livestock feeds and feed
ingredients we produce will continue to increase over the course of the
next decade,” he added.
By expanding ADM’s geographic footprint in two value-added businesses,
the Fibersol and feed premix facilities advance the strategic growth
component of ADM’s framework for growing returns. That framework also
includes efforts to optimize the company’s existing businesses and drive
operational efficiencies at its production facilities.
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 agricultural products 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 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,
industrial and energy uses. Learn more at www.adm.com.
Archer Daniels Midland Company
Media Relations
Jackie Anderson
media@adm.com
312-634-8484