Archer Daniels Midland Co. (NYSE: ADM) announced that it is investing to give the company’s Enderlin, North Dakota, processing plant the ability to crush soybeans in addition to canola and sunflower seeds. At the same time, the company will convert a canola processing line in Windsor, Ontario, to a flex line that can also process soybeans.
“By increasing our crushing flexibility at these two facilities, ADM will have the ability to drive margin-improvement and returns as crop supplies and market demand shift, and as customers’ needs change,” said John McGowan, president, North American Oilseeds.
“The Enderlin investment will help us capitalize on growing soybean acreage in and around North Dakota, and the Windsor investment will give us the flexibility to adjust our processing mix to optimize the plant’s efficiency and profitability,” McGowan added.
“Both investments represent important steps in our continuing effort to optimize the core of our business and drive operational efficiencies,” he said.
ADM is among the largest processors of oilseeds in North America, producing protein meal, vegetable oils and other value-added items for customers in the food, animal feed and industrial sectors.