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ADM to convert Germany plant


Published : Thu, 18 Jan 2007 07:23
By : Agencies
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DECATUR, Ill. (AFX) - Soybean and seed processor Archer Daniels Midland Co. said Wednesday it will convert a plant in Germany from a rapeseed crushing plant to a multiseed crushing plant.

The Spyck, Germany, plant will be able to crush both rapeseed and sunseed once it is converted.

Archer Daniels Midland said the move was made to give its food oil customers more options.

The company expects to complete the expansion in April.

Archer Daniels Midland shares rose 19 cents to $31.21 during midday trading on the New York Stock Exchange.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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