Archer Daniels Midland Company (ADM) has announced the construction of a new feed-premix facility in Xiangtan, in Hunan Province, central China, and the addition of aquaculture feed production lines at its existing Nanjing complex in Jiangsu Province, eastern China.
“One of the main pillars of our strategy to increase shareholder value is enhancing our footprint in areas of growing demand,” pointed out Brent Fenton, ADM Animal Nutrition president.
The entrepreneur also explained that population growth and higher disposable incomes are continuing to support increased animal protein —and thus animal feed— demand in China.
“Our new Xiangtan feed-premix facility—our fifth animal feed plant in the country—will position us to continue meeting this increased demand in the central part of the country, and the addition of four aquaculture feed lines at our Nanjing plant will offer us entry into the growing Chinese high value specialty aquafeed market,” Fenton stated.
Source: FIS // Original Article