- New feed-premix plant will be fifth in country, as ADM invests to continue to meet increasing demand
- Aquaculture capabilities offer opportunity to tap into important growing market
CHICAGO--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) announced today that it is
continuing to expand its Animal Nutrition footprint in China with the
construction of a new feed-premix facility in Xiangtan, in Hunan
Province, central China, and the addition of aquaculture feed production
lines at its existing Nanjing complex in Jiangsu Province, eastern China.
“One of the main pillars of our strategy to increase shareholder value
is enhancing our footprint in areas of growing demand,” said Brent
Fenton, president, ADM Animal Nutrition. “Population growth and higher
disposable incomes are continuing to support increased animal
protein—and thus animal feed—demand in China. Our new Xiangtan
feed-premix facility—our fifth animal feed plant in the country—will
position us to continue meeting this increased demand in the central
part of the country, and the addition of four aquaculture feed lines at
our Nanjing plant will offer us entry into the growing Chinese high
value specialty aquafeed market.”
The Xiangtan plant will have the capacity to produce 120,000 metric tons
annually of premix, concentrate, animal-complete, and fish-complete
feeds. It will be strategically located to supply products to customers
in three provinces in central China: Hunan, Hubei and Guangxi. The
facility will employ about 120 people. The aquaculture lines in Nanjing
will be capable of producing 50,000 metric tons of extruded and pelleted
feeds during the six-month aquaculture season that runs from April to
September. ADM is targeting completion of both projects in early 2019.
The new plants will add to ADM’s network of animal nutrition facilities
in China; the company operates premix facilities in Dalian and Tianjin
in the northern part of the country, as well as the Nanjing facility in
eastern China and the company’s new plant in Zhangzhou, in southern
China, which is expected to be complete by summer 2017.
Forward-Looking Statements
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.
About ADM Animal Nutrition
ADM Animal Nutrition is a leading manufacturing, nutrition and marketing
business offering a wide range of innovative products for the animal
nutrition market. Known as a global leader in amino acids, ADM Animal
Nutrition also offers consistent, high-quality feed products,
supplements, premixes, custom ingredient blends and specialty feed
ingredients designed to provide leading-edge solutions, enabling our
customers to meet and optimize animal health and nutrition goals. Learn
more at www.ADMAnimalNutrition.com.
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
approximately 32,000 employees serving customers in more than 160
countries. With a global value chain that includes approximately 500
crop procurement locations, 250 ingredient manufacturing facilities, 38
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
312-634-8484
media@adm.com