Archive for 2021

BUFFALO, NEW YORK, US – A decision regarding a planned demolition of a historic grain elevator owned by ADM Milling has been delayed until Dec. 27.

New York Supreme Court Justice Dennis J. Ward on Dec. 22 extended a temporary restraining order preventing demolition until ADM and representatives of the Campaign for Greater Buffalo History, Architecture & Culture, which requested the restraining order, have an opportunity to argue their case before court on Dec. 27.

Ward issued a temporary restraining order on ...

BUFFALO, NEW YORK, US – A New York Supreme Court judge on Dec. 19 issued a temporary restraining order preventing Archer Daniels Midland Co. (ADM) from demolishing a grain elevator that was badly damaged in a recent windstorm, the Buffalo News reported.

The elevator, which stands adjacent to the company’s flour mill in Buffalo, has not been operational since 1981 but is considered a historic landmark by local preservationists.

Known as the Great Northern elevator, it was once the nation’s largest grain ...

UZWIL, SWITZERLAND — French insect producer Agronutris has chosen Bühler Group as its process solution provider for its first commercial scale black soldier fly plant.

Bühler will deliver a full-scope solution for the facility, which will be built in Rethel, France. This collaboration is a major milestone for both organizations. It reinforces Bühler’s commitment to ambitious targets that will help mitigate climate change and build a more sustainable food system and supports Agronutris’ goal to establish itself as a world leader ...

ROLLE, SWITZERLAND — Archer Daniels Midland Co. (ADM) on Dec. 15 announced it has entered a new partnership with the Global Feed LCA Institute (GFLI), an independent animal nutrition and food industry institute. Together, the two organizations said they will help to monitor and stimulate environmental performance in the animal nutrition industry, contributing to the creation of a more resilient and sustainable global food system.

GFLI was established with the purpose of developing a publicly available Animal Nutrition Life Cycle Analysis ...

CHICAGO, ILLINOIS, US — During its 2021 Global Investor Day, Archer Daniels Midland Co. (ADM) shared its plan to drive earnings growth to $6 to $7 per share by 2025.

“We delivered on the commitments we laid out at our last investor day: building a better ADM, dampening volatility of earnings and cash flows, and expanding base earnings by almost 50% from $3 to our new normalized baseline of $4.50 per share,” said Juan Luciano, chairman and chief executive officer. “Now, ...

CHICAGO, ILLINOIS, US — ADM on Nov. 19 completed its acquisition of Kennesaw, Georgia, US-based Deerland Probiotics & Enzymes. Financial details of the transaction, which was first announced Nov. 3, were not disclosed.

“One of the fundamental structural demand trends driving ADM’s growth is consumers’ increasing focus on health and well-being, with global demand for health and wellness products estimated at more than $775 billion,” said Vince Macciocchi, president of ADM’s Nutrition business. “About 4 in 10 global consumers are seeking ...

CHICAGO, ILLINOIS, US and SAN CARLOS, CALIFORNIA, US – Archer Daniels Midland (ADM) and Farmers Business Network (FBN) on Nov. 18 announced that ADM has made an equity investment as part of FBN’s latest capital funding raise, and that the companies have signed a letter of intent to expand their existing relationship through a wide range of potential future areas of cooperation.

The companies said the partnership combines ADM’s scale and expertise across the global food and agriculture value chain with ...