ADM to Invest More than $200 Million at U.S. Sites

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Researched by Industrial Info Resources (Sugar Land, Texas)--Archer Daniels Midland Company (NYSE:ADM) (ADM) (Decatur, Illinois) and its related business units have plans to invest more than $200 million in manufacturing and storage assets at sites across the country. ADM converts corn, oilseeds, wheat and cocoa into products for food, animal feed, industrial and energy uses. Industrial Info has identified more than 20 capital and maintenance projects that are under construction or are scheduled to begin construction before 2014. The investment value of each project ranges from $1 million to $35 million.

One of the largest project investments among ADM's list of projects is a plan to rebuild a flour and grain mill in Charlotte, North Carolina. Construction on the $32 million project is scheduled to begin in the summer of 2013 and to be completed by the end of 2014. The Charlotte facility is one of the oldest and largest facilities in the South that is owned by ADM. It has an operating capacity of 1.3 million pounds of flour every 24 hours.

Examples of some of the planned expenditures include a $1 million package boiler at a site in Iowa; a $2 million wastewater treatment project in North Dakota; and a $20 million expansion of a soybean mill in Indiana.

Industrial Info's database of active capital and maintenance expenditures in the Food and Beverage Industry across North America and the sugar processing industry worldwide has current expenditures of $39.7 billion and more than 1,600 active projects.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.