Decatur, Ill.-based grain trader and processor Archer Daniels Midland is set to acquire a Australian grain processing company for $3.4 billion Australian dollars ($3.48 billion U.S. dollars). GrainCorp, a Sydney, Australia-based grain processing company, handles 75 percent of eastern Australia’s annual grain production. GrainCorp also handles 90 percent of eastern Australia’s bulk grain exports and [...]
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The drought has had different effects on companies that count on the Mississippi River to transport products. In the map below to see the locations of barge terminals that companies use to ship their wares. You also can click on an anchor icon to see information about that terminal such as their storage facilities and [...]
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An investigation continues into Wednesday’s fatal accident at a Cedar Rapids corn processing plant. Two men were found unconscious Wednesday morning at the Archer Daniels Midland facility at 1350 Waconia Ave. SW. A 50-year-old man later died and a 46-year-old man was receiving treatment at a local hospital at last check. The man who died [...]
continue »CEDAR RAPIDS – One man is dead, and another is in the hospital after an incident in a food processing and trading corporation Wednesday morning, authorities said. Officials responded to Archer Daniels Midland facility at 1350 Waconia Avenue SW around 7:30 a.m. for a medical emergency. Firefighters arrived to find a 50-year-old male and a [...]
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Archer Daniels Midland on Tuesday reported a 60 percent drop in its first-quarter profit due to weaker global demand for ethanol, the impact of the drought on crops and a charge related to a planned divestiture. Decatur, Ill.-based ADM, with corn processing operations in Cedar Rapids and Clinton, posted net earnings of $182 million, [...]
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DECATUR, Ill. — The drought is starting to take its toll on the earnings of companies in the nation’s agribusiness industry. Archer Daniels Midland, which has significant corn processing operations in Cedar Rapids and Clinton, on Tuesday reported a 25 percent drop in net earnings for the quarter that ended June 30. The Decatur, [...]
continue »Agribusiness giant Archer Daniels Midland on Tuesday reported a sharp drop in third-quarter earnings, primarily due to poor ethanol and European oilseed profit margins. Decatur, Ill.-based ADM, with significant corn processing operations in Cedar Rapids and Clinton, reported net earnings of $399 million, or 60 cents per share, for the quarter that ended March 31, [...]
continue »Archer Daniels Midland Co., or ADM, announced today it has eliminated 43 jobs at its polymer facility in Clinton as a result of the end of a commercial alliance with Metabolix Inc. ADM first announced in January that the alliance would end Wednesday, but at the time, it had not decided if layoffs would be [...]
continue »The Iowa Girls High School Athletic Union will release girls’ basketball regional pairings next week. Iowa Prep Sports’ Jeff Linder takes a stab at how they might look in Class 3A: Region 1 (final at Spencer) Humboldt at Spencer LeMars at MOC-Floyd Valley Iowa Falls-Alden at Clear Lake Algona at Spirit Lake Region 2 [...]
continue »Archer Daniels Midland Co. plans to end production of corn-based plastics at its Clinton corn processing complex for a joint business venture. ADM has been producing the product, Mirel, at the plant on behalf of Telles LLC, a sales and marketing commercial alliance between ADM and Metabolix Inc. Decatur, Ill.-based ADM announced Thursday, Jan. 12, [...]
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