News 2078 views last update:6 Aug 2012

ADM buys rapeseed plant in Germany

Archer Daniels Midland (ADM) will buy a rapeseed crushing plant in southern Germany – its first in Central and Eastern Europe region. It will be its first facility for rapeseed in the CEE region – and will help ADM gain more presence in that high potential market.

The CEE region is one of high potential for food manufacturers and other industries. Since Poland, Slovenia, Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Hungary, Romania and Bulgaria have all joined the EU in the last five years, earnings and consumer spending power have followed a general upward path.

In other oilseeds, ADM has already given clear indications of the importance of the CEE region. For instance, in March 2007 it moved to consolidate its position in Eastern Europe's burgeoning market for sunflower seed by buying the remaining shares in the Ilitchevskiy Maslo Extractionniy Zavod joint stock company (Imez) from Risoil, with which it had previously held an equal share in the venture.

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