ADM announces plans to construct soy protein production complex in Campo Grande, Mato Grosso do Sul, Brazil, representing investment of approximately US$250M; construction expected to begin in Q3
March 12, 2014
– 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.
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.
Archer Daniels Midland Company
Jackie Anderson, 217-424-5413
© 2017 Business Wire, Inc., All rights reserved.