ADM expands oilseed business in Central Europe

By Nicholas Zeman | September 18, 2009
Posted October 6, 2009

Archer Daniels Midland Co. based in Decatur, Ill., is one of the world's leading biodiesel producers with wholly or jointly owned facilities in Germany, Brazil, India, Indonesia and the United States, and has an annual production capacity of 450 MMgy, said Beth Chandler, media liaison for ADM.

The company recently completed acquisition of the ViaChem Group's oilseed crushing facility and biodiesel plant in the Czech Republic. "ADM is always evaluating opportunities that are in line with our strategy to grow our business," Chandler told Biodiesel Magazine.

And what a business it is-with more than 230 processing plants, ADM converts "corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses." Its sales for fiscal year 2009 were $69 billion. The company continues looking to expand the range of crops it originates and processes, and increase the volume and diversity of its product portfolio as part of a strategy to expand the size and "global reach" of its core model.

"In the oilseeds processing business, we are working to fulfill that strategy through the expansion of our crop origination capabilities in the world's key growing regions and the growth of our processing operations in markets where we see rising consumption," Chandler said. "One way we have done that is through the acquisition of ViaChem Group's oilseed processing assets in the Czech Republic."
 
 
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