Archer Daniels Midland Company (NYSE: ADM) today announced an agreement to purchase Specialty Commodities Inc. (SCI), a leading originator, processor and distributor of healthy ingredients, including nuts, fruits, seeds, legumes and ancient grains, for US$170 million, subject to post-closing adjustments. “One of the ways we are improving returns and reducing the volatility of our earnings is through the expansion of our [...]
Archer Daniels Midland Company (NYSE: ADM) today announced that it has completed the acquisition of WILD Flavors GmbH. “One of the most important ways we are working to increase returns and reduce earnings volatility is through the growth of our specialty ingredient offerings,” said ADM Chairman and CEO Patricia Woertz. “These high-value products provide the opportunity for increased margins and strong sales aligned [...]
Archer Daniels Midland Company (NYSE: ADM) and Marubeni Corporation (TSE: 8002) announced today that they have expanded Kalama Export Company LLC (KEC), their joint venture in the U.S. Pacific Northwest, as a result of Marubeni’s contribution of its grain export elevator operations at Terminal 5 in The Port of Portland, Oregon, to Columbia Export Terminal, a subsidiary of KEC. In connection with the transaction, the [...]
Dr. Todd Werpy, Archer Daniels Midland Company’s (NYSE: ADM) senior vice president, Research and Development, has received the 2014 American Chemical Society Affordable Green Chemistry award for his work in producing bio-based propylene glycol economically on a commercial scale. ADM’s first-in-the industry process can produce 100,000 metric tons per year of propylene glycol from renewable sources. The resulting [...]
Archer Daniels Midland Company (NYSE:ADM) today announced an agreement to sell its global chocolate business to Cargill for $440 million, subject to a customary working-capital adjustment. The proposed sale is expected to close during the first half of 2015 and is subject to regulatory approval and other customary conditions. “As part of our ongoing portfolio management, we considered several options to strengthen the [...]
Archer Daniels Midland Company (NYSE: ADM) today opened its global headquarters and customer center in downtown Chicago. “As we continue to grow our company, this location allows us to more easily reach global markets, while keeping us in close contact with U.S. farmers, customers and operations,” said Chairman and CEO Patricia Woertz. About 70 employees are based in the two-floor space, which also includes a culinary [...]
Archer Daniels Midland Company (NYSE: ADM) today announced that Christina Hahn has been appointed vice president, Investor Relations and Competitive Analysis, where she will represent the company to the investment community and act as an advocate for shareholder value creation. Hahn had previously served as director, Corporate Strategy & Competitive Analysis. “To continue the progress we have made in improving returns [...]
The first loaded vessel has departed Archer Daniels Midland Company’s (NYSE: ADM) new export terminal in Barcarena, in the northern Brazilian state of Pará. The terminal is a significant addition to ADM’s expanding logistical network in Brazil, and offers an efficient pathway for the export of grain from the increasingly productive western and northern regions of the country. ADM received approval to begin operations at [...]
Archer Daniels Midland Company (NYSE: ADM) will present at Barclays Back-to-School Consumer Conference on Friday, Sept. 5, 2014, in Boston. ADM Chairman and CEO Patricia Woertz will present at 7:30 a.m. Eastern Time. The ADM presentation will be webcast live at www.adm.com/webcast. A replay of the presentation will be available Sept. 6 to Sept. 16, 2014, at ...
Archer Daniels Midland Company’s (NYSE: ADM) Board of Directors today declared a cash dividend of 24.0 cents per share on the company’s common stock payable Sept. 11, 2014, to Stockholders of record Aug. 21, 2014. This is ADM’s 331st consecutive quarterly payment, a record of 82 years of uninterrupted dividends. As of June 30, 2014, there were 648,321,671 shares of ADM common stock outstanding. About ADM For more [...]
Archer Daniels Midland Company (NYSE: ADM) today reported financial results for the quarter ended June 30, 2014. The company reported adjusted earnings per share1 of $0.77, up from $0.46 in the same period last year. Adjusted segment operating profit1 was $819 million, up 32 percent from $621 million in the year-ago period. Net earnings for the quarter were $533 million, or $0.81 per share, and segment operating [...]
Archer Daniels Midland Company (NYSE: ADM) will release financial results for the second quarter of 2014 before the market opens on Tuesday, Aug. 5, 2014. The company will host a conference call and audio webcast at 8 a.m. Central Time to discuss financial results and provide a company update. A financial summary slide presentation will be available to download approximately 60 minutes prior to the call. To listen to [...]
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