Archer Daniels Midland Company announced today that it will construct a new margarine and interesterification plant in Quincy, Illinois to produce margarine products for institutional and food service customers.
The 106,000 square foot facility will be located adjacent to the existing ADM refinery and packaging plant. Construction is scheduled to be completed by the summer of 2004. This facility will continue ADM’s vertical integration into value-added products to better serve its ever-growing global packaged and specialty oil customers.
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing. The Company is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in soy meal and oil, ethanol, high fructose corn syrup (HFCS) and flour. In addition, ADM is building a position in such value-added products as specialty food ingredients, bioproducts and nutraceuticals (such as Vitamin E and sterols). Headquartered in Decatur, Illinois, ADM has over 24,000 employees, more than 260 processing plants and net sales for the fiscal year ended June 30, 2002 of $22.6 billion. Additional information can be found on ADM's Web site at http://www.admworld.com.