Archer Daniels Midland Company reports developments tied to its role as a global agricultural supply chain manager, commodity processor, grain merchandiser, and provider of human and animal nutrition ingredients. Recurring updates cover quarterly and annual results, segment performance in Nutrition and agricultural processing activities, guidance, bio-based solutions, and market conditions affecting crops, oilseeds, corn, wheat, sweeteners, starches, ethanol, and biofuels.
ADM news also includes cash dividend declarations on its common stock, board and governance changes, sustainability and ethics recognition, farmer-resilience partnerships, and investor conference appearances. Company announcements often connect its processing and logistics network with food security, nutrition, agricultural markets, and the bioeconomy.
ADM (NYSE: ADM) and Qingdao Vland Biotech Group have announced a joint venture aimed at capturing the demand for human probiotics in China. Retail demand for probiotics in China is projected to reach $1 billion in 2022, growing at over 9% annually. The 50-50 joint venture will manufacture and sell human probiotics, leveraging the expertise and capabilities of both companies. Regulatory approval is needed for the venture, which is expected to launch in the first half of 2022. This partnership forms part of ADM's broader strategy to expand its health and wellness portfolio.
ADM Achieves Recognition for Protein Innovation
ADM (NYSE: ADM) has been ranked 27th on Fortune's 2021 Change the World list, recognizing companies with significant social impact. For over 70 years, ADM has led in protein innovation, creating the first plant-based meat alternative and soy-based patty. As a leader in sustainable food sources, ADM is committed to developing nutritious foods for a growing population. They aim to address the need for diverse protein sources, with the goal of producing 60% more food by 2050 to meet global demands.
ADM will release its third quarter 2021 financial results on Tuesday, Oct. 26, 2021, before market opening. A slide presentation will be available for download, and a webcast is scheduled for 8 a.m. Central Time to discuss the results and provide an update on the company. Investors and stakeholders can access the webcast at www.adm.com/webcast. A replay will be available afterwards.
For more information, visit www.adm.com.
ADM (NYSE: ADM) will host a global investor day on Friday, Dec. 10, featuring Chairman and CEO Juan Luciano and CFO Ray Young, who will highlight ADM's strategic achievements and outline the company's growth plan. Further details will be provided in the coming weeks. ADM is a global leader in nutrition, offering innovative solutions for human and animal needs, and emphasizes sustainability in its operations. The investor day aims to share insights on the company's transformation and future direction.
ADM has launched a new automated flavor production facility in Pinghu, Zhejiang Province, China. This 27,000+ square meter facility is designed to be the flavor supply hub for ADM in the Asia-Pacific region, providing geographic advantages and access to top talent.
With advanced technologies and certifications, the facility aims to meet the growing demand for healthy food products. ADM emphasizes its ongoing commitment to growth through strategic acquisitions and technological innovations to support its global nutrition division.
ADM and LG Chem have signed a memorandum of understanding to explore the production of lactic acid in the US, aiming to meet rising demand for plant-based products, including bioplastics.
The joint venture is expected to begin in early 2022, producing high-purity, corn-based lactic acid. The global lactic acid market was valued at USD 2.7 billion in 2020, with an 8% annual growth rate anticipated. Additionally, the companies plan another joint venture to use this lactic acid for producing biodegradable polylactic acid, supporting a projected bioplastics market growth from USD 10.7 billion in 2021 to USD 29.7 billion by 2026.
ADM will present at the J.P. Morgan 12th Annual U.S. All Stars Conference on September 21. Chairman and CEO Juan Luciano is set to participate in a fireside chat at 8 a.m. Central Time. The event will be broadcast live via webcast, with a replay available afterward. ADM is a global leader in nutrition, committed to sustainability and innovation in food and agriculture. The company aims to address nutrition challenges worldwide.
ADM has successfully completed the issuance of $750 million in 2.700% notes due 2051. The funds will primarily be allocated to redeem $500 million of existing 2.750% notes due March 27, 2025. Remaining proceeds will support general corporate purposes, including commercial paper repayments. As of June 30, 2021, ADM reported $0.9 billion in cash and equivalents, $7.5 billion in marketable inventories, and $8.6 billion in available credit capacity. This announcement does not constitute an offer to sell securities.
ADM has announced a strategic acquisition of a 75% stake in P4 Companies, which includes PetDine, Pedigree Ovens, The Pound Bakery, and NutraDine. Valued at approximately $600 million, this investment aims to strengthen ADM's position in the growing pet nutrition market, projected to reach $140 billion by 2026. The acquisition includes state-of-the-art production facilities in Illinois and Colorado, enhancing ADM's capabilities in producing high-quality pet treats and supplements.
ADM's U.S. flour milling network has achieved net carbon neutral status, a milestone that is the first of its kind in the industry. With 22 mills across the U.S. processing wheat, sorghum, and corn, ADM utilized energy efficiency measures, renewable energy certificates, and carbon capture technology to reach this goal. This achievement aligns with growing consumer demand for sustainable goods, as evidenced by a Euromonitor survey indicating strong public concern over climate change. ADM aims to further reduce greenhouse gas emissions by 25% and energy intensity by 15% by 2035.