The facilities, located in Kota and Akola, process rapeseed, soy and palm.
Brent Fenton, president ADM Europe, said: “This acquisition advances ADM’s strategy to expand the size and global reach of our operations and increases our presence in the growing Indian market.”
ADM has also established a new Indian headquarters office in Gurgaon, near New Delhi in the northern state of Haryana. This office will oversee ADM’s operations in India and will manage sales, purchasing and administrative work in the country.
The new processing facilities complement the company’s recent purchase of the remaining interests in Tinna Oils, which is now wholly owned by ADM.
The Tinna Oils acquisition includes a soybean and sunflower seed processing plant in Latur, a soybean and sunseed processing plant in Dharwad and a port warehouse in Visakhapatnam. Additionally, ADM purchased the soybean processing assets of Madhur Agro, located in Nagpur, earlier this year.
The facilities in Akola and Nagpur, both in the western state of Maharashtra, include soybean crushing, refining and packaging capabilities, enabling ADM to produce vegetable oil and meal for food and animal feed markets.
The two plants serve the domestic market for packaged oils and the export market for soy meal. The site in Akola contains a palm oil refinery and warehouses for raw and processed materials.
Source: ADM
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