ADM Advances Strategy with Completion of Brazilian Sugar Ethanol Sale
Archer Daniels Midland Company (NYSE: ADM) announced today that it had completed the sale of its sugarcane ethanol operations in
Limeira do Oeste, in the Brazilian state of Minas Gerais.
“ADM’s Corn business is delivering on its strategy of diversifying our portfolio and expanding our global footprint, while
addressing underperforming businesses,” said Chris Cuddy, president of ADM’s corn processing business unit. “Last November, we
completed our purchase of former Eaststarch assets in Europe. Earlier this year, we announced the purchase of a sweetener facility
in Morocco. And now, we’ve completed the sale of our sugarcane ethanol operations in Brazil, which we determined were unlikely to
meet our long-term returns objectives. We are continuing to take strategic action to drive results and deliver healthy returns for
our shareholders.”
About ADM in Brazil
ADM is one of the largest agribusiness companies in Brazil. With about 3,300 employees, the company processes soybeans in five
facilities and sunflower at another, and markets the bottled oil brands Concórdia, Corcovado and Vitaliv. The company also operates
the largest biodiesel plant in Brazil, and more than 40 elevators across the country. ADM is a joint owner of an export terminal in
Barcarena, and has a concession to operate a terminal at the Port of Santos. ADM is also building a soy protein production complex
next to the company’s existing soybean plant 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 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 32,300 employees serving customers in more than 160 countries. With a global value chain that includes
428 crop procurement locations, 280 ingredient manufacturing facilities, 39 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
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