nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

ADM completes the sale of its Brazilian sugar ethanol operationsqrcode

May. 27, 2016

Favorites Print
May. 27, 2016
Archer Daniels Midland Company (NYSE: ADM) announced recently that it had completed the sale of its sugarcane ethanol operations in Limeira do Oeste, in the Brazilian state of Minas Gerais.

"ADM's Corn business is delivering on its strategy of diversifying our portfolio and expanding our global footprint, while addressing underperforming businesses," said Chris Cuddy, president of ADM's corn processing business unit. "Last November, we completed our purchase of former Eaststarch assets in Europe.

Earlier this year, we announced the purchase of a sweetener facility in Morocco. And now, we've completed the sale of our sugarcane ethanol operations in Brazil, which we determined were unlikely to meet our long-term returns objectives. We are continuing to take strategic action to drive results and deliver healthy returns for our shareholders."

Source: ADM

Picture 0/1200

More from AgroNews


Annual Review 2019 2019 CRO & CRAO Manual
2019 Market Insight Chinese issue of 2019 Market Insight
2019 India Pesticide Suppliers Guide 2019 Biologicals Special
I wanna post a press Comment


Subscribe Email: *
Mobile Number:  


Picture 0/1200

Subscribe to daily email alerts of AgroNews.