Tag: ADM

ADM opens new Chinese flavour facility in quest to expand global nutritional capabilities

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CHINA – ADM has opened a new state-of-the-art, fully automated flavor production facility situated in Pinghu, Zhejiang Province, China in line with goal to expand its global nutritional capabilities.  The Pinghu facility will serve as ADM’s flavor supply hub in Asia Pacific (APAC), allowing it to leverage its expertise and leading-edge technologies.   The 27,000 sq m facility will also build out the ADM pantry to meet customer needs further and advance its growth strategy.  Additionally, the facility is strategically located within an hour of Shanghai, bringing geographic advantages for…

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ADM flour milling network in US achieves net-zero emissions, paving way for carbon-neutral flour

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USA – ADM has achieved net carbon neutral status at its US mills, making it the first company of such kind and scale in the milling sector to achieve such a milestone.  ADM which has 22 mills around the US that process wheat, sorghum and corn into flour says that the net-zero emission status now paves way for the company to start producing carbon-neutral flour.  To achieve the enviable status, ADM employed a number of strategies including a combination of energy efficiencies and the purchase of renewable energy certificates.   ADM also…

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Mondelēz, ADM post double digit profit growth in Q2 as markets recover from pandemic

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US – American multinational confectionery and snack food company Mondelēz International and its commodity trading counterpart ADM have reported double-digit growth in their quarter 2 (Q2) profits, as businesses starts to recover from pandemic effects.   In its recently released financial results, Mondelēz International reported a 12.4% increase in Q2 net revenue mainly driven by recovering sales in emerging markets.  The owner of Oreo and Cadbury chocolate recorded revenues of US$6.64 billion in the quarter, which it says was driven by organic net revenue growth of 6.2%, a favourable currency, and incremental sales from the company’s acquisitions of Hu, Grenade, and Gourmet Food.  Net revenues…

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ADM to acquire soy ingredient company Sojaprotein to bolster position in alternative proteins market

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SERBIA – Archer Daniels Midland (ADM) has announced plans to acquire Serbia-based non-GMO soy ingredients group Sojaprotein even as it looks to strengthen its position in the alternative protein sector.  Founded in 1977, Sojaprotein offers a variety of non-GMO soy ingredients for European and global customers in the meat alternative, confectionery, protein bar, pharmaceutical, pet food and animal feed segments.   Its acquisition will accelerate ADM’s growth in the alternative proteins space where it already has an impressive portfolio which includes a soy protein complex in Brazil; a pea protein plant in the US ; its PlantPlus Foods joint venture; and partnerships…

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ADM to invest US$350m in soybean crashing capacity to meet rising demand

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US – Archer Daniels Midland (ADM) has announced that it will invest approximately US$350 million to build a new soybean crushing plant in North Dakota, US. The leading multinational food processing and commodities trading corporation said the new soybean plant will cater to increasing demand from the food, feed and biofuel industries. Based in Spiritwood, the crush and refining complex will reportedly feature ‘state-of-the-art’ automation technology and will have the capacity to process 150,000 bushels of soybeans per day. Construction of the facility, which ADM says is ‘strategically located’ in…

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ADM’s reports 76% rise in net earnings, expands feed premix offering with new acquisition

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US — Agricultural commodities trading giant ADM started the year on a high note and has reported an impressive year-over-year earnings and sales growth during the first quarter of fiscal 2021.  Net earnings attributable to ADM in the first quarter ended March 31 jumped 76% to US$689 million from US$391 million recorded in the same period a year ago. Revenues for the first quarter, on the other hand surged 26%, climbing to US$18.89 billion from $14.97 billion. “I’m pleased to share with you results that demonstrate an outstanding start to…

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ADM opens new research lab in Singapore to advance protein innovation

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SINGAPORE – Archer Daniels Midland (ADM) has opened a new plant-based innovation lab within its Biopolis research hub in Singapore, as it looks to advance protein innovation. The American based commodities trading giant says the lab will develop ‘next-level, on-trend and nutritious’ plant-based products, tailor-made for the Asian consumer palate. The Biopolis research hub, where the new protein innovation lab will be located, was launched in 2018, and houses a number of labs – including a food and flavour analytics hub, a beverage and dairy applications lab, a bakery and…

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JBS, ADM double down on sustainability commitments in new push towards achieving carbon neutrality

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BRAZIL – Food multinational companies, JBS and ADM have made new sustainability commitments as part of efforts aimed at ridding their processes of carbon emissions which have been associated with environmental pollution and climate change. On its part, JBS, which is the world’s largest processor of fresh beef and pork, has committed to achieving net-zero greenhouse gas emissions by 2040. The company says it supports its commitment with an investment of more than US$1 billion over the next decade. The commitment spans the company’s global operations including Pilgrim’s Pride, as…

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Air Protein raises US$32m in funding round led by ADM, to develop a meat alternative out of thin air

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US – California based Food technology start-up, Air Protein, has announced a US$32 million Series A funding round led by Archer Daniels Midland (ADM), with participation from Barclays and GV (formerly Google Ventures). The company, founded by former strategy consultant Lisa Dyson, who also has a doctorate in physics, is built around 1960s-era NASA research about how astronauts could convert carbon dioxide into food. The space agency looked at hydrogenotrophs — common microbes, some of which live in the human gut — that can be used to turn carbon dioxide…

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Agricultural commoditites trader ADM partners InnovaFeed to build US insect protein plant

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US – Archer Daniels Midland, one of the world’s largest trader of agricultural commodities, in collaboration with InnovaFeed has unveiled plans to build a new insect protein facility in Decatur, Illinois, US. According to a statement from ADM, the new facility whose construction is targeted to begin in 2021 pending necessary permitting and approvals, will produce insect feed as a protein ingredient in animal feed. Once completed, the plant will have a target annual production capacity of 60,000 tonnes of animal feed protein derived from Hermetia Illucens. The plant will…

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