ADM Acquires Grain Elevator in Eastern Germany
Elevator extends reach of ADM′s origination capabilities
Archer Daniels Midland Company (NYSE: ADM) today announced it has
acquired a grain elevator in Riesa, Germany, from Muskator-Werke GmbH.
The facility has a storage capacity of 40,000 metric tons, and has
truck, train and barge loading capabilities along the Elbe River.
'This elevator extends the reach of ADM′s origination capabilities into
an important agricultural region of Germany,? said Tido Boehle, ADM
general manager, Terminals and Origination, Europe. 'This facility will
store and supply crops for our European processing facilities and will
help us better serve the local farming community by connecting
landlocked production areas and global markets.?
With the addition of the Riesa facility to ADM′s origination network,
the company enhances its access to oilseeds, wheat, barley and rye from
Eastern Germany and the Czech Republic.
ADM operates oilseed crushing facilities in Hamburg and Straubing,
Germany; Szamotuly, Poland; and Olomouc, Czech Republic.
About ADM in Germany
In Hamburg, ADM operates Europe′s largest oilseeds crushing and refinery
complex, where rapeseed, palm and soybeans are turned into edible oils,
margarines, pharmaceutical glycerine and biodiesel fuel. ADM is a
leading producer of biodiesel in Germany with biodiesel plants in
Hamburg, Leer and Mainz. ADM also operates oilseed processing facilities
in Spyck and Straubing.
ADM′s storage assets in Germany include a silo complex in Hamburg as
well as facilities on the Elbe River at Magdeburg and at Rostock on the
Baltic Coast.
The company′s European research and development center is located in
Hamburg and supports ADM′s business throughout Europe with innovations
and expertise that can improve the sensory quality, nutrition and cost
of a wide range of products, including confectionery, baked goods,
savory snacks, margarines and spreads, and dairy substitutes.
ADM has more than 1,000 employees in Germany.
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.
From:
ADM Media Relations, 217-424-5413
media@adm.com
or
ADM
International Sàrl, + 41 (0)21 702 8400
media-eu@adm.com
