ADM and LG Chem announced today that their previously announced projects for the production of lactic and polylactic acid will not move forward. "Since we originally announced our two joint ventures with LG Chem for lactic and polylactic acid in 2022, construction costs have skyrocketed," said Chris Cuddy, president of ADM's Carbohydrate Solutions business. "We looked at a variety of options, but when the time came to [...]
ADM today announced the appointment of Monish Patolawala as Executive Vice President and Chief Financial Officer, effective August 1, 2024, succeeding Ismael Roig, who has been serving as ADM's Interim CFO since January 2024. Mr. Patolawala brings to ADM more than 25 years of experience overseeing global finance and technology teams across leading industrial and healthcare companies, most recently including 3M. As EVP and [...]
ADM and Bayer today announced an extension of their collaboration, working with farmers in a bid to drive the further adoption of regenerative agricultural practices in Europe. Last year, the companies embarked on a feasibility study to evaluate the impact of regenerative agriculture practices in curbing carbon emissions, increasing biodiversity and improving soil health. They worked with oilseed rape farmers covering [...]
ADM Animal Nutrition, a division of ADM , is expanding the recalls announced on adm-animal-nutrition-recalls-select-pen-pals-chicken-feed-moormans-showtec-swine-feed-ampt-cattle-feed-and-seniorglo-horse-feed-products%2F&esheet=54046764&newsitemid=20240610056474&lan=en-US&anchor=March%2C+30%2C+2024&index=1&md5=add8f8c51de7a331d40aa79c381ba475" shape="rect">March, 30, 2024 and [...]
ADM and its global regenerative agriculture program were named a finalist in the Enterprise category of Fast Company's 2024 World Changing Ideas Awards. Selected from a pool of more than 1,300 entries, ADM was one of 127 finalists recognized for developing creative solutions to today's most pressing issues. As a leader in developing innovative solutions from nature and a pillar of the global food supply system, ADM is [...]
ADM has been recognized as one of "America's Greatest Workplaces for Women 2024" by Newsweek, underscoring ADM's unwavering commitment to fostering an inclusive environment that values diversity, equity and inclusion in all roles and at all levels of the organization. For the second year in a row, Newsweek partnered with data firm Plant-A Insights Group to determine America's 1,000 greatest workplaces for women. The [...]
ADM today released its 2023 Corporate Sustainability Report, highlighting an extensive array of accomplishments, initiatives and goals that are helping drive the company's progress and growth. "ADM's global team of 42,000 colleagues once again delivered on a broad range of sustainability accomplishments in 2023," said Board Chair and CEO Juan Luciano. "What is even more exciting is the opportunity ahead of us. From our [...]
ADM Board of Directors has declared a cash dividend of 50.0 cents per share on the company's common stock. The dividend is payable on June 5, 2024, to shareholders of record on May 16, 2024. This is ADM's 370th consecutive quarterly payment, a record of more than 92 years of uninterrupted dividends. As of March 31, 2024, there were 501,763,545 shares of ADM common stock outstanding. About ADMADM unlocks the power of [...]
ADM announced today that its global regenerative agriculture program expanded to more than 2.8 million acres in 2023, exceeding its 2 million acre goal. In addition, the company announced that it is targeting 3.5 million regenerative acres in 2024 and is increasing its 2025 goal from 4 million to 5 million acres globally. "ADM is scaling up efforts to enhance the sustainability and reduce the carbon footprint of the value [...]
ADM today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Segment operating profit of $1,311 million, adjusted segment operating profit1 of $1,317 million Trailing four-quarter average adjusted return on invested capital 1 of 11.2% "ADM's solid first quarter results showcased our team's ability to execute our strategy with agility in the face of anticipated challenging market [...]
ADM will release financial results for the first quarter of 2024 before the market opens on Tuesday, April 30, 2024. A slide presentation will also be available for download. The company will host a webcast at 8 a.m. Central Time to discuss the results and provide a company update. To listen to the webcast or to download the slide presentation, go to www.adm.com/webcast. A replay of the webcast will also be available for [...]
ADM Animal Nutrition, a division of ADM , is expanding the recall announced on March, 30, 2024, to include the following additional products due to elevated levels of magnesium, sodium, calcium and/or phosphorus: Pen Pals® Chicken Starter-Grower ; Pen Pals Egg Maker Complete ; MaxLean GF Concentrate ; ShowTec Sow Ration with Thermal Care ; ShowTec BB 18 BMD ; ShowTec BB 18 BMD/DBZ ; ShowTec Hi Fat 18 BMD ; ShowTec Lo Fat [...]
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