ADM Milling announced today it is discontinuing operations at its flour mill in Destrehan, Louisiana. The closing of this mill is part of an ongoing business evaluation of company-wide assets. Due to excess industry capacity and poor economic conditions, the plant ceased production in October. The Destrehan plant began milling operations in 1975 and has a rated capacity of 6,000 cwts. of flour per day.
Archer Daniels Midland Company (NYSE: ADM) is a world leader in agricultural processing. The company is one of the world’s largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in soy meal and oil, ethanol, high fructose corn syrup (HFCS) and flour. In addition, ADM is building a position in such value-added products as specialty food ingredients, bioproducts and nutraceuticals (such as Vitamin E and sterols). Headquartered in Decatur, Illinois, ADM has over 22,000 employees, 275 processing plants and net sales for the fiscal year ended June 30, 2001 of $20.1 billion. Additional information can be found on ADM’s web site at http://www.admworld.com.
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