Archer Daniels Midland

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Archer-Daniels-Midland Company

logo
legal form Corporation
ISIN US0394831020
founding 1902 in Minneapolis , Minnesota
Seat Chicago United StatesUnited StatesUnited States 
management Juan Luciano

( CEO , Chairman and President )

Number of employees 31,600 (2018)
sales 64.3 billion euros (2018)
Branch Agriculture and Food Industry
Website www.adm.com
As of December 31, 2018

Oil mill in Hamburg

The Archer Daniels Midland Company ( ADM ), headquartered in Chicago , Illinois , operates more than 270 manufacturing facilities worldwide, where crops and oil seeds are processed into various products used in food , beverages , industrial products and animal feed are used.

ADM is one of the largest processors of soybean meal , soybean oil , palm oil , ethanol , fructose syrup and baking flours . The European headquarters are in Rolle near Geneva.

In Germany, the company operates oil mills in Hamburg-Heimfeld (Noblee & Thoerl GmbH), Mainz (Soya Mainz), Kleve (Spyck oil works) and Straubing (oilseed processing). In addition, there are ADM biodiesel plants in Hamburg, Leer and Mainz. In 2009 ADM took over Schokinag in Mannheim .

ADM also offers storage and transport services for agricultural products.

The company's business areas include: ADM Cocoa , ADM Corn Processing, ADM Food Additives , ADM Lecithin , ADM Milling , ADM Monoglycerides , ADM Vitamin E , ADM Protein Specialties, ADM Food Oils .

In 2013, Archer Daniels Midland was ranked 48th in the Toxic 100 Index , after the company was in second place in 2008.

history

In 1902 George A. Archer and John W. Daniels founded a company that dealt with the pressing of linseed oil . In 1923, the Archer-Daniels Linseed Company took over the Midland Linseed Products Company and was renamed the Archer Daniels Midland Company. In every decade since its inception, ADM has added at least one other line of business to its agro-industrial range: milling, processing, specialty feed, specialty food ingredients, cocoa, nutrition and more.

In 1993, ADM hit the headlines when it became known that there had been illegal price fixing in the distribution of lysine . In the ensuing trials, several ADM members were found guilty and fined $ 100 million.

In September 1999 Marty Andreas announced that due to pressure from the European agricultural industry, ADM would separate the area of genetically modified products from non-genetically modified products in order to give its customers freedom of choice. Until then, the company had not given the sources of the products.

In 2001 Paul B. Mulhollem became President of ADM. It went down in history because, under his leadership, ADM became the first US company to sign a contract with Cuba since a trade embargo was passed forty years earlier.

In May 2006, Patricia Woertz became CEO of ADM. In February 2007 Woertz was also elected chairman of the supervisory board. Long known as a food company, ADM has recently been shifting its resources to fuel production. According Foodprocessing.com, a journal of the food trade, ADM has its capital spending in 2007 almost doubled, to an estimated 1.12 billion US dollars . All of the increase goes into the bioenergy arena, with a particular focus on ethanol and biodiesel .

On June 6, 2014 ADM announced the complete takeover (acquisition of the remaining 20% ​​shares) of the agricultural trader Toepfer International for 83 million US dollars.

On July 7, 2014, ADM announced the takeover of the food ingredients manufacturer WILD Flavors GmbH by the end of the year at a price of 2.3 billion euros.

criticism

The chocolate industry, including ADM, signed the so-called Harkin-Engel Protocol in September 2001 . This protocol contains measures that should lead to an end to the worst forms of child labor and slavery in the cocoa industry by 2005. A report by ARD came to the conclusion in 2010 that big companies like Mars Inc. , but also ADM or Nestlé still “at least tolerate child slavery.” An evaluation by Tulane University in 2011 found that of the six in the Harkin-Engel -Not a single one of the measures mentioned in the protocol has been fully implemented.

Web links

Individual evidence

  1. Senior Leadership
  2. a b Archer Daniels Midland sales, key figures, balance sheet / income statement. In: finanzen.net. Retrieved November 22, 2019 .
  3. ^ Mannheimer Morgen, February 26, 2010 ( Memento from September 21, 2011 in the Internet Archive )
  4. Hunter-Gault, Charlayne (October 15, 1996): ADM: WHO'S NEXT?
  5. Fusaro, Dave. "ADM's big bet on fuel" . Foodprocessing.com . Retrieved on June 6, 2007.
  6. ^ ADM Completes Acquisition of Remaining Stake of Toepfer International ( Memento August 8, 2014 in the Internet Archive ), accessed on August 6, 2014
  7. ADM Expands Food-Ingredient Offering with Acquisition of WILD Flavors ( Memento of July 14, 2014 in the Internet Archive ), press release from ADM, July 7, 2014
  8. Dirty chocolate . Report / documentation by Miki Mistrati on behalf of NDR , 43:23 minutes, German first broadcast on October 6, 2010 in Das Erste , available at archive link ( memento from July 18, 2012 in the web archive archive.today ), position: 5:25
  9. Archive link ( Memento from October 4, 2013 in the Internet Archive )
  10. Dirty chocolate . Report / documentation by Miki Mistrati on behalf of NDR , 43:23 minutes, German first broadcast on October 6, 2010 in Das Erste , available at archive link ( Memento from July 18, 2012 in the web archive archive.today ), position: 40: 02- 41:30
  11. http://www.cocoainitiative.org/images/stories/pdf/Documents_and_Reports/Tulane/Tulane_-_2011_-_Final_Report.pdf  ( page no longer available , search in web archivesInfo: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / www.cocoainitiative.org