Archer Daniels Midland Company (ADM) says it will align its investments and organization to better serve growing demand for its products across Asia Pacific.
“As populations and incomes across Asia continue to rise, diets are evolving. With that shift comes an increase in demand for crops and other products from agriculture,” said chairman and CEO Patricia Woertz.
“As we previously announced, we’re investing to grow our food and feed production with the addition of two production facilities in China.”
“We’re also making enhancements to our ports and logistics coordination throughout the Asia-Pacific region, and we’re adding and aligning talent to support growth.”
“Together, these actions will strengthen our ability to serve our customers in the region and improve coordination between our operations within Asia and around the globe.”
Opening offices in Asia
In May 2014, the company said it is building a sweetener and soluble-fiber manufacturing complex at the port of Tianjin in North China to help meet growing demand in China and Asia.
The sweetener facility is expected to be fully operational in early 2015, with the soluble fiber facility operational in the second half of 2015.
Through its acquisition of the remaining stake in Toepfer, ADM will strengthen its merchandising operations in Asia Pacific.
The combined ADM and Toepfer team in the region merchandises more than US$14 billion in commodities annually.
As part of the company-wide effort to grow sales of higher-value products, ADM is adding specialty ingredients sales offices in Indonesia, Philippines, Thailand, Korea and Vietnam.
The company already has specialty ingredients sales teams in Singapore, Australia, Japan and China.
ADM shifts regional HQ from China to Singapore
ADM will centralize coordination of its activities throughout Asia Pacific by moving its regional headquarters from Shanghai, China to Singapore, which is the hub of the company’s regional merchandising operations.
Ismael Roig, president, ADM Asia-Pacific, will have offices in both Singapore and Shanghai.
ADM will hire a new president of ADM China.
The position will report to Roig, be based in Shanghai, and focus on growing ADM’s sweetener portfolio and feed business in China.