ADM to Boost European Soy Crushing Capacity
Archer Daniels Midland’s (ADM) new soybean crushing capacity has officially begun at its oilseeds plant in Straubing, Germany facility and the group says it will be looking to increase soy crushing at its other sites across northwest Europe. The newly operational capacity at Straubing will enable the company to crush non-GMO soybeans originated from the Danube region to be processed into soymeal and oil to be marketed to customer in Western Europe.
Due to tight margins, ADM states that it relies on scale to remain competitive with origin crushers importing meal to the region. In addition,
switch capabilities added to its plants allows the company to more efficiently use its assets to address shift in protein markets when EU oil markets are under pressure.
We believe we are best placed in our industry to further grow our crush capacities organically and keep our production costs in line with or lower than our origin crushing operations,” said Jon Turney, general manager, ADM European soybean crush.