ADM to Enhance Brazilian Export Capacity with Purchase of Port in Northern Brazil
Improves ADM′s ability to link the country′s harvest to export markets
Archer Daniels Midland Company (NYSE: ADM) today announced an agreement
to purchase a port terminal in the state of Pará in Brazil.
'By adding this strategically located port to our extensive logistics
network in Brazil, we will increase our capacity to export grain from
Western and Northern Brazil and further expand our fertilizer operations
throughout the country,? said Valmor Schaffer, president, ADM South
America. 'This port will enhance ADM′s global reach, better connecting
the Brazilian harvest to markets including Europe, the Middle East, and
even Asia through the Panama Canal.?
The facility was designed to handle minerals, and ADM plans to convert
it to handle bulk grains and agricultural inputs. ADM also plans to
upgrade the facility to handle Panamax vessels and double its storage
capacity. Once complete, the new port will have capacity to handle 3
million metric tons a year.
ADM is Brazil′s largest soybean meal exporter, the second largest
exporter of soybeans and the Brazilian economy′s seventh largest
exporter overall. The company currently operates in all of Brazil′s
major agricultural ports and owns a port terminal in Santos, São Paulo.
About ADM in Brazil
ADM is one of the largest agribusiness companies in Brazil. With more
than 4,000 employees, the company processes soy at four facilities, and
markets the soy oil brands Sadia, Concórdia and Corcovado. The company
operates the largest biodiesel plant in Brazil, five fertilizer blending
facilities, a cocoa processing plant, a sugar cane processing facility
that produces ethanol, and more than 40 elevators across the country.
About ADM
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 30,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, industrial and
energy uses. With more than 270 processing plants, 420 crop procurement
facilities, and the world′s premier crop transportation network, ADM
helps connect the harvest to the home in more than 160 countries. For
more information about ADM and its products, visit www.adm.com.
Archer Daniels Midland Company
Media Relations
Jackie
Anderson, 217-424-5413
media@adm.com
