Members News

FARGO, NORTH DAKOTA, US — Bushel, an independently owned software technology company focused on developing solutions for the grain supply chain, has acquired GrainBridge, LLC, a joint venture owned by Chicago, Illinois, US-based ADM and Minneapolis, Minnesota, US-based Cargill. Financial terms of the transaction were not disclosed.

GrainBridge employees remain based in Omaha, Nebraska, US, and their data expertise is expected to be tapped into to further strengthen the end-to-end capabilities of the Bushel platform and enable Bushel’s customers to better ...

CHICAGO, ILLINOIS, US — Archer Daniels Midland Co. (ADM) was ranked 27th on Fortune’s 2021 Change the World list, which ranks the top 50 companies making a positive impact through practices that are part of their core corporate purposes.

ADM has pioneered innovations in protein for more than seven decades, starting in the 1950s and 1960s and the invention of textured vegetable protein. The company patented it as the first plant-based meat alternative and created the world’s first soy-based patty in ...

CHICAGO, ILLINOIS, US — ADM on Sept. 15 opened the ADM Food Technology (Pinghu) Co., Ltd., a 290,000-square-foot, fully automated flavor production facility situated in Pinghu, Zhejiang Province, China, which is about an hour from Shanghai, China.

The new complex includes the latest in automated flavor lines with advanced dosing technology, along with technologies to ensure seamless and efficient management of complex processes; laboratories dedicated to flavor production, taste design and product development; ISO 9001 and FSSC 22000 V5.1 certifications; and ...

UZWIL, SWITZERLAND — Givaudan, Bühler, and Migros have formed a new entity, The Cultured Food Innovation Hub, in Kemptthal near Zurich, to accelerate the development and market penetration of cellular agriculture products. The Hub is expected to start operations in 2022.

The Cultured Food Innovation Hub will be a self-sustained, standalone company wholly owned by Givaudan, Bühler, and Migros, located in The Valley in Kemptthal, a hotbed of innovation and technology just outside of Zurich. The new entity will provide facilities ...

CHICAGO, ILLINOIS, US — LG Chem, a leading global diversified chemical company, and ADM, a global leader in nutrition and biosolutions, announced on Sept. 15 that they have signed a memorandum of understanding (MoU) to explore US-based production of lactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics.

Under the terms of the agreement, which was signed by Juan Luciano, chairman and chief executive officer of ADM, and Hak Cheol Shin, vice chairman and CEO ...

CHICAGO, ILLINOIS, US — Archer Daniels Midland Co. (ADM) and Marathon Petroleum Corp. (MPC) on Aug. 19 announced an agreement to form a joint venture to produce soybean oil to supply rapidly growing demand for renewable diesel fuel.

Under the terms of the agreement, the joint venture will own and operate ADM’s previously announced soybean processing complex in Spiritwood, North Dakota, US, with ADM owning 75% of the joint venture and MPC owning 25%. When complete in 2023, the Spiritwood facility ...

ARLINGTON, VIRGINIA, US — Tyllor Ledford on Aug. 16 joined US Wheat Associates (USW) as assistant director of the West Coast Office in Portland, Oregon, US. Ledford will fill the role left by Michael Anderson, who was promoted to market analyst earlier this year.
“I am very excited to welcome Tyllor to US Wheat Associates,” said Steve Wirsching, USW vice president and West Coast director. “She brings essential skills developed during her time at Texas Tech University and has the ...

CHICAGO, ILLINOIS, US — The increasing use of vegetable oils for biofuel in the transportation industry provided a boost to second-quarter earnings for ADM and will keep the Chicago, Illinois, US-based company investing in that area.

Net earnings attributable to ADM in the quarter ended June 30 were $712 million, or $1.26 diluted earnings per share on the common stock, which was up 52% from $469 million, or 84¢ per share, in the previous year’s second quarter. Net revenue rose 41% ...

CHICAGO, ILLINOIS, US — Archer Daniels Midland Co. (ADM) announced on July 26 that it has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients.

Established in 1977, Serbia-based Sojaprotein has sales into 65 countries, offering a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionery, protein bar, pharmaceutical, pet food, and animal feed segments.

The company had more than $100 million in sales in ...

ARLINGTON, VIRGINIA, US — The US Wheat Associates (USW) is making changes to its headquarters office to better serve its customers and stakeholders by dividing the program and planning department.

Previously serving the organization as vice president of programs and planning, Jennifer Sydney will shift titles to vice president of planning. In this role, Sydney will continue leading USW’s annual planning process and manage all facets of its intersection with federal programs, finance, and overseas office operations.

While Erica Oakley was promoted ...