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ADM Reports Record Second Quarter Earnings; Expects Momentum to Continue in Second Half
ADM reported financial results for the quarter ended June 30, 2021.
“It was yet another excellent quarter for ADM, as our team delivered record earnings, with strong year-over-year profit growth across all three business units”
“This is a very different ADM than even a few short years ago, and our transformation is far from...
ADM Fastens Growth of Global Alternative Protein Platform with Planned Acquisition of Sojaprotein
Global nutrition leader ADM announced that it has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients.
Established in 1977, Serbia-based Sojaprotein has sales into 65 countries, offering a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionary, protein bar, pharmaceutical, pet food, and animal feed segments. The company had more than...
ADM to Build New Soy Crushing Facility in North Dakota
ADM announced its plan to build North Dakota’s first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel.
Based in Spiritwood, ND, the approximately $350 million crush and refining complex will feature state-of-the-art automation technology and have the capacity to process 150,000 bushels of soybeans per day. Strategically located in a major soybean producing area, ADM’s global logistics network will enable the facility to access...
ADM Advances Protein Innovation with Opening of New Plant-based Lab in Singapore
ADM celebrated the opening of its new cutting-edge, plant-based innovation lab, located in ADM’s Biopolis research hub in Singapore. The lab will develop next-level, on-trend and nutritious products to meet growing food and beverage demand in the Asia-Pacific region.
“ADM is a pioneer in plant-based nutrition innovation, and this new facility will enhance our ability to meet rapidly growing consumer demand in the Asia-Pacific region and bring exciting new products and solutions to the market,” said Leo Liu, ADM president, Asia-Pacific. “Protein continues to be a focus for consumers who are experimenting with plant-based options to meet their health and nutrition, sustainability and...
Marfrig and ADM Formally Launch PlantPlus Foods
Marfrig and ADM announced the completion of regulatory approvals and the formal launch of PlantPlus Foods, a joint venture that will offer a wide range of finished plant-based food products across North and South America.
“We’re excited to take this important step forward as we bring together the tremendous resources of two leaders in nutrition,” said Marcos Molina, founder and chairman, Marfrig. “PlantPlus Foods is born of two companies that had a common vision to create a new venture offering a complete portfolio of...
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