Stock Symbol: ADM
4666 Faries Parkway
Archer-Daniels-Midland Company Industry:
Archer-Daniels-Midland Company Description:
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.
Archer-Daniels-Midland Company Financial Summary:
ADM procures, transports, stores, processes and markets agricultural commodities and products such as oil seeds, corn, and wheat. For the FY ended 6/30/05, revenues fell 1% to $35.94B. Net income rose from $494.7M to $1.04B. Revenues reflect decline in Corn Processing due to lower lysine selling prices. Net income reflects improved margins, the absence of a charge related to the settlement of the fructose litigation and a gain on the sale of Tate & Lyle.
Archer-Daniels-Midland Company Business Summary:
Archer-Daniels-Midland Company is principally engaged in procuring, transporting, storing, processing and merchandising agricultural commodities and products. The Company's operations are classified into three business segments: Oilseeds Processing, Corn Processing and Agricultural Services. A new line of trans-free fats and oils is being marketed under the NovaLipid brand using enzymatic interesterification technology. The Company has launched a new product for latex paint manufacturers, Archer RC. It entered into a joint development alliance with Metabolix to produce polyhydroxy alkanoate (PHA) via fermentation during the fiscal year ended June 30, 2005. Other new products include a wide range of health and nutrition products known as nutraceuticals or functional foods. The Company has formed a joint venture with Kao Corporation of Japan to manufacture and market diacylglycerol oil in America, Europe, Australia and New Zealand.