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ADM Expands Specialty Ingredient Footprint With Acquisition Of California Processing Facility
2015-06-04 06:25:46| foodingredientsonline News Articles
Archer Daniels Midland Company announced recently that it has acquired tree nut and seed processing assets and operations in Modesto, California, from California Gold Almonds, adding critical processing capacity on top of ADM’s existing West Coast nut operations in Lodi and Stockton
Tags: california
processing
facility
specialty
ADM reports significant progress toward environmental goals
2015-06-03 06:39:50| Agriculture - Topix.net
Through the implementation of hundreds of energy efficiency projects and major operational improvements in water reuse and recovery at large processing plants, Archer Daniels Midland Company has been able to sharply reduce its use of water and energy per unit of production-known as water and energy intensity-in recent years. In its latest Corporate Responsibility report, the company reports that it has reduced water intensity 19.1 percent since 2008, and that energy intensity has declined 17.3 percent since 2010.
Tags: reports
significant
progress
environmental
ADM Expands Specialty Ingredient Footprint with Acquisition of California Processing Facility
2015-06-02 17:59:08| Agriculture - Topix.net
Archer Daniels Midland Company announced today that it has acquired tree nut and seed processing assets and operations in Modesto, California, from California Gold Almonds, adding critical processing capacity on top of ADM's existing West Coast nut operations in Lodi and Stockton. Under the terms of the deal, ADM is acquiring the lease to the brand-new Modesto processing plant, and taking ownership of assets-including processing equipment-at the facility.
Tags: california
processing
facility
specialty
ADM Can Grow Medium-Term Earnings Power To $4.50 Per Share, CEO Luciano Says
2015-05-27 08:30:41| Agriculture - Topix.net
TERM EARNINGS POWER TO $4.50 PER SHARE, CEO LUCIANO SAYS May 26, 2015 Source: ADM news release Archer Daniels Midland Company CEO Juan Luciano said today that further progress on the company's strategic plan of optimizing the core, driving operational efficiencies and growing strategically-coupled with a balanced approach to capital allocation-could drive the company's medium-term earnings power well above the $3.00 level. Speaking at BMO's 2015 Farm to Market Conference in New York, Luciano said, "Under normal crop conditions-given the investments and cost-reductions we've made-we expect the company to be able to generate ROIC of about 10 percent and an earnings-power range of between $4.00 and $4.50 per share in the medium-term."
ADM Moving Away From Ethanol, High Fructose Corn Syrup
2015-05-27 00:18:57| Food - Topix.net
Archer Daniels Midland is shifting toward new uses for corn in light of lagging demand for two of its most prominent products. Ethanol - which is dealing with rising vehicle fuel efficiency and stagnant gasoline blending requirements - primarily contributed to a steep drop in the Chicago-based agribusiness giant's first-quarter corn profits.
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