USA – ADM has announced plans to build a new state-of-the-art facility in Valencia, Spain, as it looks to ramp up production of its microbiome solutions in response to growing demand.
The expansion project represents a five-fold increase in probiotics production capacity through ADM Biopolis, a leading provider of microbial technologies based in Spain.
“Our new Valencia facility will feature leading-edge technology and dramatically enhance our ability to meet fast-growing demand for products and solutions from nature designed to target the microbiome and help improve metabolic health,” said Ian Pinner, chief strategy and innovation officer, and president of ADM’s Health & Wellness division.
“Consumers today are increasingly focusing on the foundational role food plays in supporting health and wellness, and our continued investment in these growth areas ensures that ADM is perfectly positioned to meet their needs.”
“Consumers today are increasingly focusing on the foundational role food plays in supporting health and wellness, and our continued investment in these growth areas ensures that ADM is perfectly positioned to meet their needs.”Ian Pinner – Chief strategy and innovation officer, ADM
The facility will produce a wide array of science-based, innovative probiotics and postbiotics — using ADM’s industry-leading technology — to meet growing demand for new solutions for healthy weight management, skin health, immune health, gut health, oral health, fertility and more.
It will be co-located with ADM’s flavor production facility in Valencia and is expected to be online in 2022.
“Consumers today are thinking about the things they eat and drink in entirely new ways. They expect food and beverages that are not only delicious, but support health and wellness, come from sustainable ingredients, and are produced by companies that share their values,” Pinner added.
“The growth investments ADM has made in recent years put us in an unparalleled position to meet those changing needs. From alternative proteins, to our pantry of sustainable ingredients, flavors and colors, to our unequalled array of pre-, pro- and postbiotics, ADM is enriching lives around the globe.”
Archer Daniels Midland (ADM) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2020, according to Yahoo Finance.
This widely known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.
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