Archer Daniels Midland (ADM) plans to cease operations at its Bushnell plant in Illinois as part of its efforts to streamline its global soy protein production network. The company aims to optimize and simplify its portfolio. ADM recently recommissioned its soy protein facility in Decatur, Illinois.
Archer Daniels Midland (ADM) has announced plans to cease operations at its plant in Bushnell, Illinois, as part of its ongoing effort to streamline its global soy protein production network. This move is part of ADM's broader strategy to enhance efficiency and better serve its customers worldwide.
The Chicago-based company has been working to optimize its portfolio and improve operating profits. ADM recently recommissioned its flagship soy protein facility in Decatur, Illinois, which is expected to contribute to improved profitability over time. The company has been cutting jobs and downsizing certain operations since February, aiming to reduce costs by $500 million to $700 million over three to five years.
The decision to close the Bushnell plant follows the permanent closure of a soybean processing plant in Kershaw, South Carolina, earlier this year. ADM cited the need to cut costs and reduce its operational footprint as reasons for the closures. The company is also facing challenges from an accounting scandal last year and rising trade tensions with key markets, including China.
ADM's President of Nutrition Business, Ian Pinner, stated that the company's focus is on delivering industry-leading innovative products to its customers while sharpening its competitive advantage. He emphasized that the company is committed to a smooth transition for affected customers and employees.
The company's broader focus on optimizing its soy protein production network includes leveraging capacity and investments at other facilities in its global network. This strategic move is intended to consolidate operations into a more efficient global network while maintaining the ability to support growing global demand.
ADM's announcement highlights the company's commitment to operational excellence and cost management, which are critical in today's volatile agricultural commodity markets. The company continues to face significant risks and uncertainties, including operational risks, commodity price fluctuations, regulatory changes, and geopolitical events.
References:
[1] https://www.marketscreener.com/news/archer-daniels-midland-to-cease-operations-at-bushnell-plant-ce7c50ddda8bff20
[2] https://www.morningstar.com/news/business-wire/20250829622122/adm-announces-streamlining-of-soy-protein-production-network
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