ADM to Expand Animal Nutrition Capabilities with New Facilities in Xiangtan and Nanjing, China
March 13 2017 - 11:00AM
Business Wire
- 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
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.
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Archer Daniels Midland CompanyMedia
RelationsJackie Anderson312-634-8484media@adm.com
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