Archer Daniels Midland Trims Capital Spending by $500 Million for 2014
SUGAR LAND--November 5, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Capital spending by agricultural processor and food ingredients provider Archer Daniels Midland (NYSE:ADM) (ADM) (Chicago, Illinois) will total $900 million in 2014, down nearly 36% from its original $1.4 billion spending plan, according to company executives. ADM reported third-quarter net income rose 57% from a year earlier to $747 million on the strength of its Corn Processing, Ag Services and Oilseeds Processing segments. Industrial Info is tracking 38 active ADM projects, with a combined value of $191.5 million.
Within this article: Details of the Glencoe animal feed plant addition and the Beech Grove Flour Mill expansion by ADM.
Other companies featured: Mosaic (NYSE:MOS)
