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ADM Expands Danube River Export Network

02.08.2011  |  Business Wire

Project to transport grain from Eastern Europe to world markets


Archer Daniels Midland Company (NYSE: ADM), through its affiliate Alfred
C. Toepfer International G.m.b.H. (ACTI), today announced a strategic
expansion of its grain origination, storage, transportation and export
operations along the Danube River in Romania. The project includes 12
grain elevators along the Danube, one inland-storage elevator in Western
Romania and a joint-venture export elevator in the Black Sea port of
Constanta.


'We see great opportunities to increase our origination and
transportation capabilities along the Danube River in Romania, which has
become a net exporter of grain and oilseeds over the past several
years,? said Gary L. Towne, chairman of the management board of ACTI.
'The Danube River export project creates an end-to-end network, giving
us the ability to originate crops directly from farmers, transport and
store them, and ultimately export them to markets around the world.?


The network, which is similar to ADM′s origination-through-export
networks along the Paraguay River and Mississippi River, includes three
river elevators at Giurgiu, and one river elevator each at Braila,
Constanta, Corabia, Oltenita, Orsova and Zimnicea. ACTI is also
constructing new elevators at Calarasi, Giurgiu and Moldova Noua and has
acquired a barge fleet to connect the network of river elevators to the
joint-venture export elevator recently finished in Constanta. In
addition, ACTI has plans to construct elevators at Bordu?ani, Corabia
and Galati.


'This project is strategically important as we expand our origination
network in Eastern Europe,? said Towne. 'The storage facilities and
export elevator are well positioned to give us additional capacity to
move crops along the Danube River and to the Black Sea, while the
addition of Toepfer-owned barges provides us with greater control of our
supply chain and helps us achieve favorable transportation margins in
what can be a volatile market,? said Towne.

About ACTI

Since its founding in 1919, Alfred C. Toepfer has
been active in trading grain, oilseeds and feedstuffs. Today, Toepfer
International is headquartered in Hamburg, Germany, with 36 branch
offices around the world. More than 2,000 employees trade more than 42
million tons of commodities annually. ADM originally invested in ACTI in
1983, and today owns 80 percent of the company, with the remaining 20
percent owned by French farming cooperative Union InVivo.

About ADM

Every day, the 30,000 people of Archer Daniels
Midland Company (NYSE: ADM) turn crops into renewable products that meet
the demands of a growing world. At more than 265 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 75 countries. Our global headquarters is in Decatur, Illinois,
and our net sales for the fiscal year ended June 30, 2011, were $81
billion. For more information about our company and our products, visit www.adm.com.


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