Archer Daniels Midland Company (NYSE: ADM) today announced that it is
investing to give the company’s Enderlin, North Dakota, processing plant
the ability to crush soybeans in addition to canola and sunflower seeds.
At the same time, the company will convert a canola processing line in
Windsor, Ontario, to a flex line that can also process soybeans.
“By increasing our crushing flexibility at these two facilities, ADM
will have the ability to drive margin-improvement and returns as crop
supplies and market demand shift, and as customers’ needs change,” said
John McGowan, president, North American Oilseeds.
“The Enderlin investment will help us capitalize on growing soybean
acreage in and around North Dakota, and the Windsor investment will give
us the flexibility to adjust our processing mix to optimize the plant’s
efficiency and profitability,” McGowan added.
“Both investments represent important steps in our continuing effort to
optimize the core of our business and drive operational efficiencies,”
he said.
ADM is among the largest processors of oilseeds in North America,
producing protein meal, vegetable oils and other value-added items for
customers in the food, animal feed and industrial sectors.
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, chemical
and energy uses. Learn more at www.adm.com.
Copyright Business Wire 2015