ADM Expanding Capacity at Turkey and Bulgaria Corn Sites

December 12, 2016

2 Min Read
ADM Expanding Capacity at Turkey and Bulgaria Corn Sites
Archer Daniels Midland (ADM) is expanding its global corn footprint. Image courtesy of Flickr user globallive

Archer Daniels Midland (ADM) is expanding the grind and finishing capacity for sweeteners and starches at the company’s corn wet mill facilities in Turkey and Bulgaria, the Chicago-based global agriculture and food ingredient company announced Monday.

“We continue to see substantial opportunities for starch-based ingredients in Europe and Middle East markets, and, with these expansions, ADM will be well-positioned to meet growing customer demand across the region,” a statement by Pierre Duprat, president of ADM Europe, Middle East and Africa said. “By increasing production capacity and expanding our capabilities, we are ensuring that we will be able to offer our customers an expanded range of sweeteners and starches as sugar production quotas in the EU expire, and as demand from food and paper markets in Turkey and the Middle East continues to grow.”

The company assumed full ownership of corn wet mills in Adana, Turkey and Razgrad, Bulgaria in November 2015, in addition to acquiring a 50% ownership stake in a corn wet mill located in Szabadegyhaza, Hungary. ADM also purchased a corn wet mill in Casablanca, Morocco in June 2016. According to ADM, the plants manufacture a variety of starch products from liquid sweeteners to crystalline fructose and dextrose.

“One of our key strategic goals is to grow shareholder value through the expansion and diversification of our global corn footprint,” said Duprat. “Our recent acquisitions in Turkey, Bulgaria, Hungary, and Morocco all represent major steps in meeting these goals. And we are continuing our efforts to enhance returns on all fronts: In addition to enhancing production capacity, the improvements we have made in Turkey and Bulgaria will also improve operational efficiency at these facilities, increasing our domestic and overseas sales competitiveness.”

ADM said it is working toward completing the projects by the first half of 2018.

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