ADM Acquires Ukrainian Sunseed Crushing Facility
Ukraine is the second largest producer of sunseed in the world after the Russian Federation with harvests of approximately five million metric tons per year.
20/03/07 Archer Daniels Midland Company has completed the acquisition of all outstanding shares in Ilitchevskiy Maslo Extractionniy Zavod joint stock company (IMEZ) from Risoil S.A. IMEZ operates a sunseed crushing facility close to the port of Odessa in the Ukraine. ADM and Risoil became 50/50 shareholders in IMEZ in 2004.
"The IMEZ facility at Illitchevsk complements our global asset base in an important origination location," said Mark Zenuk, ADM Vice President and Managing Director-Europe and Asia. "We look forward to working with Ukrainian farmers to help meet the changing needs of our food customers due to evolving global demands."
Ukraine is the second largest producer of sunseed in the world after the Russian Federation with harvests of approximately five million metric tons per year.
