Archer Daniels Midland Company to Fund Construction of Bridges and Wells in 24 Côte d′Ivoire Cocoa Villages
14.10.2010 | Business Wire
Infrastructure projects will benefit 120,000 people in cocoa
farming communities
Archer Daniels Midland Company (NYSE: ADM) today announced that it will
donate more than US$576,000 to Opportunities Industrialization Centers
International to fund bridge and well construction projects in 24
villages throughout Côte d′Ivoire.
The projects, to be completed by OIC International over a two-year
period, include the construction of 16 clean water wells and eight small
bridges with culverts.
'Working with OIC International to fund these crucial infrastructure
projects is another example of ADM′s commitment to improving the lives
of cocoa farmers and their communities,? said David Lou?sustainable
development manager for ADM Cocoa in Côte d′Ivoire. 'Construction of the
clean water wells and bridges will lead to better health and more
reliable infrastructure, resulting in improved farm incomes for 120,000
people in these communities, including 18,000 cocoa farmers who provide
ADM Cocoa with approximately 18,000 metric tons of cocoa beans per year.?
The 16 wells will be installed in rural communities throughout Côte
d′Ivoire to make clean water more readily available and to help reduce
the incidence of waterborne infectious diseases. The wells will also
lessen the burden on women who typically must travel long distances to
obtain water for their families. Eight wells will be constructed in 2010
with the remaining eight completed in 2011.
Eight bridges will be constructed near rural cocoa communities to
facilitate travel between villages. Six bridges will be constructed in
2010 with the remaining two completed in 2011. These bridges will also
improve the cocoa bean collection and transportation processes, helping
to broaden the marketing opportunities for cocoa farmers.
'Over the long term, the bridges and wells constructed through this
program will also help to increase school enrollment rates for children
in these areas,? said Lou?'Bridges will make it safer and easier for
young children to travel to school, and ready access to clean water will
improve the overall health of children in the area. The potential for
increased farm incomes will also allow more families to afford to send
their children to school.?
ADM grinds approximately 16 percent of the world′s cocoa crop. In Côte
d′Ivoire, the company operates the UNICAO cocoa processing facility in
Abidjan, two cocoa conditioning and storage facilities in Abidjan and
one cocoa conditioning and storage facility San Pedro where beans are
cleaned, checked for quality and prepared for export to ADM′s cocoa
processing facilities around the world.
These infrastructure projects in Côte d′Ivoire are being funded through
ADM Cares, the company′s corporate social-investment program. ADM Cares
strives to drive meaningful social, economic and environmental progress
in communities where the company has a presence. Learn more about ADM
Cares at www.adm.com/admcares.
About OIC International
Opportunities Industrialization Centers International is a non-profit,
non-governmental organization whose mission is to improve the quality of
life of low-income, disadvantaged individuals in developing countries.
OIC International has earned a reputation for its unique approach to
creating sustainable institutions operated by local citizens, and for
implementing effective programs that help disadvantaged individuals,
households and communities become more self-reliant.
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
Media Relations, 217-424-5413
media@adm.com