Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Archer Daniels Midland
Global investment

Archer Daniels Midland Corporation invested in a new plant

26.01.2022
2 min read

Archer Daniels Midland plans to launch soybean processing plant

Archer Daniels Midland Corporation of the United States plans to invest in a new soybean processing facility. It has already allocated 350 million dollars for the construction of the plant, which will be located in North Dakota. The large agro-industrial company made such a decision because of the need to meet the demand for the products, which is regularly growing.
The enterprise of such orientation from ADM will be the first in the state. Its consumers will be producers of feed, food, as well as biofuels and industrial products. Companies that produce diesel fuel from environmentally friendly components are already interested in the possibility of supplying processed soybeans.
The plant is planned to be equipped with advanced technology, which will automate most processes. It is noted that the production volume will amount to 150 thousand bushels of soybeans daily. For this purpose modern technologies will be used, which increase productivity of the enterprise and provide high quality products with minimal waste.
North Dakota has been selected for the construction of the ADM plant for a reason. The fact is that the state is one of the largest soybean producers in the country. Due to the developed logistic network of the corporation the processing plant will be able to quickly supply not only the domestic market, but also deliver products to other countries. Thus ADM wants to expand its presence in soybean oil and meal segments.Archer Daniels Midland soybean processingAccording to the corporation’s plan, the new facility will be put into operation in 2023, before the harvest, to start processing new soybeans.
In addition, Archer Daniels Midland allocated $25 million to expand capacity at the plant in Illinois. These funds will be used to build additional complexes for processing and storage of raw materials and products. The project should be completed in the first half of this year.
ADM takes a leading place on the world market as a manufacturer and supplier of agricultural products. ADM is engaged in growing, processing and storing crops and grains of all kinds, including wheat, millet, quinoa, sorghum, chia and others. In addition, ADM supplies nuts and their products – oil, fats and meals. The company sells seeds, starches and dried fruits on the world market.
Archer Daniels Midland actively develops the direction of ingredients for the bakery industry, such as baking mixes, yeast, fillings, sweeteners, thickeners and stabilizers. The corporation is also well-positioned in the segment of production and sales of feed mixes for livestock production. This also includes vitamin complexes, additives, and feed enzymes.
The company has a powerful logistics network, which is represented by large transport routes and a clear structure of all processes.

Tags: Global investment
0
Previous Post Cryptocurrency exchange Binance creates its marketplace for NFT-tokens trading Next Post The future of oil: how the industry will develop until 2026

You Might Also Like

coal-fired power plants
Global investment
India’s government to invest heavily in coal-fired power plants
08.10.2024
investment in Turkey's steel industry
Global investment
Yıldız increases investment in the Turkish steel industry
20.09.2023
Sony Group
Global investment
Japan’s Sony Group announced a new development strategy
25.02.2022
development of the crypto industry
Global investment
How the collapse of the FTX exchange affected the development of the crypto industry
11.03.2023
Berkshire Hathaway
Global investment
Berkshire Hathaway Holding acquires stake in HP Corporation
13.07.2022
Hyundai company
Global investment
Korea’s Hyundai invests in new production facility in the U.S.
05.02.2022

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics