Archer Daniels Midland Company (ADM)
Brief description:
Archer Daniels Midland Company (NYSE: ADM) produce food ingredients, animal feeds and feed ingredients,
biofuels and other products that manufacturers around the world use to
provide wholesome food. Headquartered in Decatur, Illinois, ADM operates more than 230
processing plants and more than 330 sourcing facilities in more than 60
countries on six continents. Net sales for the fiscal year ended June
30, 2009, were $69 billion. Oilseeds Processing
Every day, the 28,000 people of Archer Daniels Midland Company (NYSE: ADM) work to connect the harvest to the home, turning crops into renewable products that serve the vital needs of a growing world. We trade, transport, store and process corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses.
The Oilseeds Processing segment includes activities related to the origination and crushing of oilseeds such as soybeans, cottonseed, sunflower seeds, canola, peanuts and flaxseed into vegetable oils and protein meals principally for the food and feed industries. Oilseeds and oilseed products may be processed by ADM or resold into the marketplace as raw materials for other processing.
Corn Processing
The Corn Processing segment includes activities related to the production of sweeteners, starches, dextrose and syrups primarily for the food and beverage industry, as well as activities related to the production, by fermentation, of bioproducts such as ethanol, amino acids and other food, feed and industrial products.
Agricultural Services
The Agricultural Services segment utilizes the Company's extensive grain elevator and transportation network to buy, store, clean and transport agricultural commodities, including oilseeds, corn, wheat, milo, oats, rice and barley; and resells these commodities primarily as food and feed ingredients for the agricultural processing industry. Agricultural Services' grain sourcing and transportation network provides reliable and efficient services to the Company's agricultural processing operations. The Agricultural Services segment includes 154 domestic and 18 international elevators, an animal feed facility in Illinois, 27 domestic and seven international formula feed and animal health nutrition plants, an edible bean plant in North Dakota, 23 domestic edible bean procurement facilities and a rice mill in California.
Other
This segment includes the Company's remaining operations, consisting principally of food and feed ingredient businesses and financial activities. Food and feed ingredient businesses include wheat processing with activities related to the production of wheat flour and cocoa processing with activities related to the production of chocolate and cocoa products. Financial activities include banking, captive insurance, private equity fund investments and futures commission merchant activities.
Website: http://www.adm.com/news/_layouts/PressReleaseDetail.aspx?ID=247
