25 May 2016
DETAILS
Archer Daniels Midland Company (NYSE: ADM)
announced today that it had completed
the sale of its sugarcane ethanol operations
in Limeira do Oeste,
in the Brazilian state of Minas Gerais.
Chris Cuddy,
President of ADM’s corn processing business unit
“ADM’s Corn business is delivering on its strategy of
diversifying our portfolio and
expanding our global footprint,
while addressing underperforming businesses,”
“Last November, we completed our purchase of
former Eaststarch assets in Europe.
Earlier this year, we announced
the purchase of a sweetener facility in Morocco.
And now, we’ve completed the sale of
our sugarcane ethanol operations in Brazil,
which we determined were unlikely
to meet our long-term returns objectives.
We are continuing to take strategic action
to drive results and deliver healthy returns
for our shareholders.”
Archer Daniels Midland Company
Media Relations
Jackie Anderson
media@adm.com
312-634-8484
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