Jan. 17, 2022
Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, announced Liaogang Nisun (Yingkou) Supply Chain Management Co., Ltd. ("Liaogang Nisun"), a subsidiary of Fintech (Shanghai) Digital Technology Co., Ltd. and a controlled affiliate of the Company, has signed a strategic cooperative with ADM (Shanghai) Management Co., Ltd ("ADM Shanghai"), a subsidiary of Archer-Daniels-Midland Company (ADM), a global premier agricultural origination and processing company that has been in operation for over one hundred years. The two parties will work together on supply chain transportation services to empower high-quality development of the agricultural supply chain industry.
With challenges associated with multiple circulation steps of agricultural products, long supply chains, and difficulty for farmers to sell their products, Nisun continues to focus on the agricultural supply chain and continuously expand its coverage, to link key stages and players of the agriculture supply chain, from agricultural research and development, production, processing, to storage, transportation, sales and marketing, consumption and service. Nisun is dedicated to improving management efficiency and quality of agricultural supply chain projects, and promote the dynamic circulation of the agricultural chain.
This cooperation is an important milestone for Nisun. Under this agreement, Nisun will help efficiently transport products from ADM factories to designated locations across China.
Founded in 1902 and headquartered in Chicago, Illinois, ADM is one of the largest oilseed, corn and wheat processing companies in the world. ADM is consistently ranked for its achievements in the comprehensive processing industry of soybeans, corn, wheat and cocoa, and operates more than 345 food & feed processing locations and over 480 crop procurement facilities worldwide. ADM Shanghai, founded in July 2012, is the regional headquarters of ADM in China, responsible for managing all ADM Group factories in China.