ADM reports 5.8% rise in full-year revenues with lower earnings in Q4

USA - Archer Daniels Midland Company (ADM) has reported lower than expected earnings in the Q4 while full-year revenues increased by 5.8% to US$64.34 billion boosted by major business segments. In the year ended December 31, the company’s largest segment, origination, recorded a 3.9% increase in revenues while this declined in the fourth quarter, registering…

ADM completes acquisition of animal nutrition business Neovia for US$1.7b

USA - Archer Daniels Midland Company (ADM) has announced that it has successfully completed the deal to acquire Neovia, a global provider of value-added animal nutrition solutions in a transaction estimated at US$1.76 billion. The transaction creates a combined animal nutrition business regarded to be one of the largest in the world, with sales of…

ADM acquires remaining 50% stake in JV Gleadell, combines UK entities

UK – Archer Daniels Midland Company has announced that it has agreed to purchase the remaining 50% stake in Gleadell Agriculture Ltd, a company it jointly owns with InVivo. The deal includes Gleadell’s wholly owned subsidiary Dunns (Long Sutton) Ltd, which together with Gleadell will be merged with ADM Arkady, ADM’s UK destination marketing business,…

ADM secures right to distribute GSL’s tapioca starches in EMEA region

EUROPE - The Archer Daniels Midland Company (ADM) has announced a long term partnership with Thailand based tapioca starch producer, General Starch Limited (GSL), to distribute the range in Europe as well as the Middle East and Africa. The agreement gives ADM exclusive distribution rights of the GSL modified tapioca starch products, which it will…

ADM expands health portfolio with new omega-3 powder solutions, Onavita

USA – The global food processing company has unveiled a new addition to its line of omega-3 product solutions, Onavita algal DHA powder which is an expansion of its health and wellness portfolio. It joins a range of probiotics, vitamins, botanical extracts, nutritional oils designed to provide ingredient manufacturers with solutions that meet health and…

ADM and Cargill form new technology joint venture to support farmers in N. America

USA - Archer Daniels Midland Company and Cargill, Incorporated have formed new joint venture Grainbridge LLC, a technology platform to support farmers in North America with grain marketing skills. The partnership intends to provide grain marketing decision support, e-commerce and account management software for North American farmers. The platform will also engage in development of…

ADM, Bunge, Cargill and Louis Dreyfus partner to put grain trade on blockchain

USA – World’s largest agribusiness companies Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated and Louis Dreyfus Company are looking for a platform to increase transparency and efficiency in global grain trading using blockchain technology. The companies referred to as the ABCDs of global grain trading, are investigating ways to standardize and digitize global agricultural…

ADM re-opens modern flour milling facility in Oklahoma

USA - Archer Daniels Midland Company, an American global food processing company, has joined with members of the community to celebrate the re-opening of its modernized flour mill in Enid, Oklahoma. According to the company, the modernization project involved a complete retro-fit of ADM’s existing mill in Enid, which was built in 1928. ADM replaced…

ADM’s Alpharetta-based nut subsidiary names Clint Piper as new president

USA - Archer Daniels Midland Co.’s Alpharetta based Golden Peanut and Tree Nuts has announced Clint Piper as the new president of the subsidiary. Piper joined ADM in 2007, and has served in multiple leadership roles, including commercial management positions in Valdosta, Georgia, and Kershaw, South Carolina. Most recently, he was general manager, North American…

ADM opens a new technology innovation centre in China

CHINA - Archer Daniels Midland Company has celebrated the opening of its new regional office and state-of-the-art flavor and ingredient creation, application, development and customer innovation center in Shanghai, China. The American global food processing and commodities trading corporation announced the opening of the space at a dedication and ribbon-cutting ceremony. According to the company,…