ADM to Expand Three Grain Elevators in Missouri and Illinois
Company is increasing storage capacity to accommodate farmers′
production increases
Archer Daniels Midland Company (NYSE: ADM) today announced that it will
expand three grain facilities in northeast Missouri and western
Illinois. ADM elevators in Novelty and Center, Mo., will triple their
storage capacity, while a barge loading terminal in Quincy, Ill., will
add grain storage and improve receiving efficiencies. These projects
will accommodate regional farmers′ increased production by expanding the
combined storage capacity of the facilities by nearly 1.7 million
bushels, enhancing corn drying capabilities and reducing truck unloading
times.
'To accommodate farmers′ increased production and to advance our
company′s growth strategy, we are expanding our elevators to increase
our storage capacity and better meet the needs of local growers,? said
Joe Taets, president, ADM Grain.
In addition to these expanded facilities, ADM also brings expertise in
local and global agricultural markets to farmers in the area. At each
ADM grain facility, growers will find knowledgeable merchandisers and
creative contract alternatives to help them market their crops in the
most effective and profitable way. Online services through e-ADM.com
deliver up-to-the-minute market news and analysis to assist farmers in
making the best decisions possible. ADM′s knowledge combined with
creative products and services help farmers make the most of their
business to ensure farming remains a viable way of life for future
generations.
Construction at these facilities will begin this spring once permitting
is in place, and should be completed in time for the 2011 fall harvest.
Crops received at these expanded facilities will help supply ADM′s
soybean processing operations in Quincy, Ill., and Mexico, Mo., as well
as ADM′s barge loading terminals in St. Louis, Mo., and Quincy, Ill. In
the United States, ADM operates 191 elevators with an aggregate storage
capacity of more than 420 million bushels. To learn more about the
services ADM offers growers, visit www.e-adm.com/farmerview.
About ADM
Every day, the 29,000 people of Archer Daniels Midland Company (NYSE:
ADM) turn crops into renewable products that meet the demands of a
growing world. At more than 240 processing plants, we convert corn,
oilseeds, wheat and cocoa into products for food, animal feed, chemical
and energy uses. We operate the world′s premier crop origination and
transportation network, connecting crops and markets in more than 60
countries. Our global headquarters is in Decatur, Illinois, and our net
sales for the fiscal year ended June 30, 2010, were $62 billion. For
more information about our company and our products, visit www.adm.com.
Archer Daniels Midland Company
ADM Media Relations,
217-424-5413
media@adm.com
