7am News, Sports and Obits

Latest WGIL news
Click to play or
Right click and "Save Target As" to download
Click for Galesburg, Illinois Forecast
Home - Cancellations - Community Events - Contact Us - Mornings - News - Obituaries - Pictures - Programs - Special Events Audio - Sports - Weather
Archer Daniels Midland Buys 2 Factories In India
DECATUR, Ill. (AP) -- Decatur-based Archer Daniels Midland has acquired two oilseeds processing factories in India, a move that expands its global reach and increases its presence in that market.

Terms of the deal announced today weren't disclosed.

ADM acquired facilities in the cities of Kota and Akola from a company called Geepee Agri.

The Kota site has soy processing capabilities that enable it to supply soy oil directly to the northern Indian market. It also can crush refine and package rapeseed.

The Akola location has soybean crushing, refining and packaging capabilities that will let ADM produce vegetable oil and meal for food and animal feed markets.

ADM also says it has established a new Indian headquarters office near New Delhi in the state of Haryana.

(Copyright 2011 by The Associated Press. All Rights Reserved.)
09 05 11 by Newsroom
News management powered by Xpression News

Click here for the WGIL News Archive

Click here for national news

The following provision applies to all visitors (which shall include persons and representatives of legal entities, whether such representatives are persons or digital engines of a kind that crawls, indexes, scrapes, copies, stores or transmits digital content). By accessing this Web site or digital service, you specifically acknowledge and agree that: (i) Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium; (ii) No Associated Press materials nor any portion thereof may be stored in a computer except for personal and non-commercial use; (iii) The Associated Press will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing; (iv) The Associated Press is an intended third party beneficiary of these terms and conditions and it may exercise all rights and remedies available to it; and (v) The Associated Press reserves the right to audit possible unauthorized commercial use of AP materials or any portion thereof at any time.