Archer Daniels Midland Company (NYSE: ADM) announced today that it is continuing to expand its Animal Nutrition footprint in China with the construction of a new feed-premix facility in Xiangtan, in Hunan Province, central China, and the addition of aquaculture feed production lines at its existing Nanjing complex in Jiangsu Province, eastern China.
“One of the main pillars of our strategy to increase shareholder value is enhancing our footprint in areas of growing demand,” said Brent Fenton, president, ADM Animal Nutrition. “Population growth and higher disposable incomes are continuing to support increased animal protein—and thus animal feed—demand in China. Our new Xiangtan feed-premix facility—our fifth animal feed plant in the country—will position us to continue meeting this increased demand in the central part of the country, and the addition of four aquaculture feed lines at our Nanjing plant will offer us entry into the growing Chinese high value specialty aquafeed market.”
The Xiangtan plant will have the capacity to produce 120,000 metric tons annually of premix, concentrate, animal-complete, and fish-complete feeds. It will be strategically located to supply products to customers in three provinces in central China: Hunan, Hubei and Guangxi. The facility will employ about 120 people. The aquaculture lines in Nanjing will be capable of producing 50,000 metric tons of extruded and pelleted feeds during the six-month aquaculture season that runs from April to September. ADM is targeting completion of both projects in early 2019.
The new plants will add to ADM’s network of animal nutrition facilities in China; the company operates premix facilities in Dalian and Tianjin in the northern part of the country, as well as the Nanjing facility in eastern China and the company’s new plant in Zhangzhou, in southern China, which is expected to be complete by summer 2017.
Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, ADM assumes no obligation to update any forward-looking statements.
About ADM Animal Nutrition
ADM Animal Nutrition is a leading manufacturing, nutrition and marketing business offering a wide range of innovative products for the animal nutrition market. Known as a global leader in amino acids, ADM Animal Nutrition also offers consistent, high-quality feed products, supplements, premixes, custom ingredient blends and specialty feed ingredients designed to provide leading-edge solutions, enabling our customers to meet and optimize animal health and nutrition goals. Learn more at www.ADMAnimalNutrition.com.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 32,000 employees serving customers in more than 160 countries. With a global value chain that includes approximately 500 crop procurement locations, 250 ingredient manufacturing facilities, 38 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.
Copyright Business Wire 2017