ADM to Increase Foothold into Cereal-based Sweetener Market

Archer Daniels Midland Company (ADM) plans to expand overall grind and finishing capacity for sweeteners and starches at its corn wet mill facilities in Turkey and Bulgaria.

Contacted by WorldBakers, the representatives of the company confirmed it will hire additional employees in Bulgaria and Turkey. The value of the investment for these two projects remains undisclosed.

These expansions will enable ADM to meet regional and global customer demand growth for starches and sweeteners, according to company representatives.

ADM says that with the end of the sugar regime in the EU, the artificial cap on cereal-based sweeteners will be lifted. There will be substantial opportunities in the new European sweetener market, including a particularly strong opening in Eastern Europe, where there is less sugar production and the company is positioning itself to meet that increasing demand.

Pierre Duprat, president, ADM Europe, Middle East and Africa, said in a press release: “By increasing production capacity and expanding our capabilities, we are ensuring that we will be able to offer our customers an expanded range of sweeteners and starches as sugar production quotas in the EU expire, and as demand from food and paper markets in Turkey and the Middle East continues to grow.”

ADM acquired full ownership of corn wet mills in Adana, Turkey, and Razgrad, Bulgaria, along with a 50% ownership stake in a corn wet mill in Szabadegyháza, Hungary, in November 2015. The plants produce a complete range of starch products, including liquid sweeteners, native and modified starches, crystalline fructose and dextrose.

In June 2016, ADM also acquired a Casablanca, Morocco-based corn wet mill. ADM is targeting completion of the projects in the first half of 2018.