1/26/2017

• Upgraded storage facility will increase capacity and help reduce product losses

ALPHARETTA, Georgia, Jan. 26, 2017-Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company (NYSE: ADM), today announced that it is investing in a new warehouse at its receiving and storage facility in Alejandro Roca, Argentina.

'Argentina is one of the largest producers of edible peanuts in the world, and as a major global player, Golden Peanut is investing to ensure that we have more than enough capability to continue to meet increasing demand,' said Greg Mills, president, Golden Peanut and Tree Nuts. 'This project will ensure that we are able to safely and efficiently receive and store increasing volumes of farmer stock so that we can continue to supply customers around the world with the quality peanuts they've come to expect from Golden.'

The upgrade plans include:

  • A new raw material warehouse with a capacity of 18,000 metric tons.
  • Efficient loading systems, including an overhead belt to receive incoming farmer stock, and an underground belt to feed Golden's processing operations directly.

'Increasing crops in the region without corresponding increases in storage have led to bottlenecks and loss of product,' said Carlos Urquiza, president and general Manager of Golden Peanut and Tree Nuts' operations in Argentina. 'Our new warehouse will reduce losses, decrease unload times, and improve quality control from the farm field to the customer. We are proud to invest in these enhancements. Coming after significant investments in storage and processing capabilities in the United States, this is yet another sign that Golden Peanut and Tree Nuts is continuing to work to ensure that it remains the premier provider of peanuts and peanut products in the world.'

Suppliers or customers with questions about the Argentina facility should contact Greg Mills at (770) 752-8225.

About Golden Peanut and Tree Nuts
Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company, is a leading handler and processor of peanuts and tree nuts. Headquartered in Alpharetta, Georgia, the company has 13 processing facilities in the U.S. and one in Argentina. In South Africa, Golden Peanut is the majority owner of peanut processing plants in Hartswater, Hoopstad and Jan Kempdorp, and is 51 percent owner of pecan processor and marketer GPC Pecan S.A.

About ADM
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we're one of the world's largest agricultural processors and food ingredient providers, with more than 32,300 employees serving customers in more than 160 countries. With a global value chain that includes 428 crop procurement locations, 280 ingredient manufacturing facilities, 39 innovation centers and the world's premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.

Archer Daniels Midland Company
Media Relations
Jackie Anderson
media@adm.com 312-634-8484

ADM - Archer Daniels Midland Company published this content on 26 January 2017 and is solely responsible for the information contained herein.
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