American agribusiness Archer Daniels Midland (ADM) recently expanded its Animal Nutrition footprint with the acquisition of a feed mill in South Cotabato, Philippines from South Sunrays Milling Corp. The deal will enable ADM to meet rising demand for animal nutrition products in Asian markets.
“Around the globe, ADM is expanding its ability to meet growing customer demand for high-quality, responsibly-produced animal nutrition products, and we look forward to bringing our expertise and production capabilities closer to even more customers in the Philippines,” Gerald Wilflingseder, president, Animal Nutrition, Asia Pacific for ADM, said in a company release. “This addition increases our regional production capacity, enabling us to enhance our wide range of leading-edge solutions to better support our customers’ dynamic needs in a timely manner, while providing further opportunities to offer enhanced product solutions in the Philippines and across the region.”
ADM currently operates two feed production sites in the country at Cebu and Bulacan. The new feed mill will support production of pet food, complete feed, and aquaculture and premix solutions.
“We are excited to combine our global expertise with deep local insights to unlock greater value for our customers in the Philippines and across the region,” said Lorenzo Mapua, managing director, Animal Nutrition, Philippines for the company, in a statement. “This acquisition will allow us to offer a wide range of high-quality feed products for swine, poultry, and aqua for both backyard and commercial farm segments with our recognized brands such as Ultrapak, Evialis, and Ocialis.”
About 100 new jobs will be created through ADM’s purchase of the site.