ADM | 3/5/2003
DECATUR, Ill. -- Archer Daniels Midland Company (NYSE: ADM) announced today that it will permanently close its Fredonia, Kansas soybean processing facility, effective immediately. The facility was acquired in 1928. This plant closure is part of ADM's continuing review of all manufacturing assets.
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing. The Company is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in soy meal and oil, ethanol, high fructose corn syrup (HFCS) and flour. In addition, ADM is building a position in such value-added products as specialty food ingredients, bioproducts and nutraceuticals (such as Vitamin E and sterols). Headquartered in Decatur, Illinois, ADM has over 24,000 employees, more than 260 processing plants and net sales for the fiscal year ended June 30, 2002 of $22.6 billion. Additional information can be found on ADM's Web site at http://www.admworld.com .
SOURCE: Archer Daniels Midland Company