ADM Expands Oilseeds Processing Capacity in India

06.09.2011  |  Business Wire

Archer Daniels Midland Company (NYSE: ADM) announced today the expansion
of its global oilseed processing capacity through the acquisition of two
oilseeds processing facilities in India from Geepee Agri Private
Limited. The facilities, located in the cities of Kota and Akola,
process rapeseed, soy and palm.

'This acquisition advances ADM′s strategy to expand the size and global
reach of our operations and increases our presence in the growing Indian
market,? said Brent Fenton, ?president, ADM Europe. 'ADM will integrate
these operations into our global supply chain, strengthening our
oilseeds processing activities in India and further enhancing ADM′s
leadership in global agricultural processing.?

ADM has also established a new Indian headquarters office in Gurgaon,
near New Delhi in the northern state of Haryana. This office will
oversee ADM′s operations in India and will manage sales, purchasing and
administrative work in the country.

The new processing facilities complement the company′s recent purchase
of the remaining interests in Tinna Oils, which is now wholly owned by
ADM. The Tinna Oils acquisition includes a soybean and sunflower seed
processing plant in Latur, a soybean and sunseed processing plant in
Dharwad and a port warehouse in Visakhapatnam. Additionally, ADM
purchased the soybean processing assets of Madhur Agro located in
Nagpur, earlier this year.

The facilities in Akola and Nagpur, both in ?the western state of
Maharashtra, include soybean crushing, refining and packaging
capabilities, enabling ADM to produce vegetable oil and ?meal for food
and animal feed markets. The two plants serve the domestic market for
packaged oils and the export market for soy meal. Additionally, the site
in Akola contains a palm oil refinery and warehouses for raw and
processed materials.

The Kota site, located in the north-western state of Rajasthan, includes
a soy and rapeseed crushing, refining and packaging facility. This
location gives ADM access to the growing domestic Indian rape oil market
as well as the rape meal export market. The plant′s soy processing
capabilities enable ADM to supply soy oil directly to the north Indian
market.

'These new assets support ADM′s expansion of our oilseeds origination
network in Central Asia, which is a region of great interest to our
business,? said Kevin Eikerman, managing director, ADM Oilseeds India.
'The close proximity of suppliers and customers, coupled with ADM′s
global reach and export capabilities, will open excellent market
opportunities to connect local crops with global markets.?

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.