Archer Daniels Midland Company (NYSE: ADM) today announced plans to
construct a soy protein production complex in Campo Grande, Mato Grosso
do Sul, Brazil, representing an investment of approximately US$250
million.
The complex, which will be located next to ADM’s existing soybean
processing facility in Campo Grande, will manufacture a range of
functional protein concentrates and isolates to complement ADM’s current
North American production. These ingredients, which will be marketed by
ADM’s Foods & Wellness group, will give ADM’s South American customers a
variety of high quality options to add protein to various food and
beverage products.
“We are making this investment to support our customers as they meet
increasing consumer demand for protein,” said Matt Jansen, ADM senior
vice president and president, Oilseeds. “This complex will allow us to
produce these functional ingredients locally, allowing us to serve more
efficiently the growing needs of our food and beverage customers
throughout South America.”
“For the people of Campo Grande and for farmers in Mato Grosso do Sul, I
see this as a great opportunity,” said Valmor Schaffer, president, ADM
South America. “This investment adds a new dimension to our value
proposition in Brazil and provides a good foundation for future growth
for our employees, our customers and the Campo Grande community.”
About 80 ADM employees will be based at the new complex once it is
complete. Construction is expected to begin in the third quarter.
About ADM’s Foods & Wellness Group
ADM’s Foods & Wellness group offers a range of innovative specialty
ingredients and products for the beverage, meat, snack, bakery, cereal,
wellness and personal care markets. As a global market leader in
food-grade proteins, ADM offers customers a complete protein portfolio,
including flours, concentrates, textured and functional protein
concentrates and isolates. In addition to proteins, ADM’s Foods &
Wellness group also offers emulsifiers, acidulants, polyols and
hydrocolloids.
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.
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.
Copyright Business Wire 2014