Starting in October 2012, the company sought to acquire strategic holdings to support serving Asian markets through acquisition of GrainCorp, an Australian grain firm with a network of storage and port facilities in Australia. The American River Transportation Company along with ADM Trucking, Inc., are subsidiaries of ADM. Products include oils and meal from soybeans, cottonseed, sunflower seeds, canola, peanuts, flaxseed, Palm kernel and DAG oil, as well as corn germ, corn gluten feed pellets, syrup, starch, glucose, dextrose, crystalline dextrose, high fructose corn syrup sweeteners, chocolate, ethanol, and wheat flour. Archer Daniels Midland has 64 offices. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. [38] In a parallel action, the grain trader consented to a judgment that ordered ADM to pay close to US$37 million in "disgorgement and pre-judgement interest", which brought the total amount of penalties to more than US$54 million. See the full list at Craft. Woertz will retain the position of Chairman of the Board until 2016 when she is expecting to retire. The company also provides agricultural storage and transportation services. Phone: 312-634-8100 In 2003, the company settled federal air pollution complaints related to its efforts to avoid New Source Review provisions of the Clean Air Act that require pollution control upgrades when a plant is modernized. Andreas remained CEO until 1997 before his nephew G. Allen Andreas was named to this position. Please try to keep recent events in historical perspective and add more content related to non-recent events. 2005 Annual Report", "Argentina accuses world's largest grain traders of huge tax evasion", "Grain exporters owe Argentina 951 million in taxes", "Agricultural Commodity Traders in Switzerland", "Argentina's peso has now fallen 52% against the dollar this year", "Bunge Ltd (BG) 10K Annual Reports & 10Q SEC Filings", "ADM Subsidiary Pleads Guilty to Conspiracy to Violate the Foreign Corrupt Practices Act", "SEC Charges Archer-Daniels-Midland Company With FCPA Violations, Filing Date Dec 20, 2013", "2 Companies Said to Agree to Settle Suits on Emission", "Carbon-Sequestration Projects Put Innovative Emissions-Reduction Technology to the Test", "Archer Daniels Midland: A Case Study In Corporate Welfare", "Patents owned by Archer Daniels Midland", Companies in the Chicago metropolitan area, https://en.wikipedia.org/w/index.php?title=ADM_(company)&oldid=990505123, Food and drink companies established in 1902, Conglomerate companies established in 1902, Companies listed on the New York Stock Exchange, Pages with non-numeric formatnum arguments, Articles with failed verification from July 2013, Short description is different from Wikidata, All Wikipedia articles written in American English, Articles needing additional references from October 2020, All articles needing additional references, Articles with unsourced statements from October 2020, Articles slanted towards recent events from May 2017, Articles with unsourced statements from January 2018, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Pierre Dufour, former president and CEO of, Donald Felsinger, former chairman and CEO of, Patrick Moore, president and CEO of PJM Advisors, Francisco Sanchez, chairman and CEO of CSN Global Consulting, Debra Sandler, president and CEO of LaGrenade, Kelvin Westbrook, president and CEO of KRW Advisors. The Company processes oilseeds, corn, milo, oats, barley, peanuts, and … See insights on Archer Daniels Midland including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Where are Archer Daniels Midland offices? The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation founded in 1902 and headquartered in Chicago, Illinois. [33] The companies involved have denied the allegations. Archer Daniels Midland, or ADM, was founded out of the merger of the Archer-Daniels Linseed Company and the Midland Linseed Products Company in 1923 and have grown to become one of the largest food-processing companies in the world. The Company primary products include white, brown, whole-meal and specialty flours, as well as bakery mixes, ingredients and bakers' sundries. Subsidiary of Archer Daniels Midland: Industry : Inland transportation: Founded: 1971: Headquarters: Decatur, Illinois, United States: American River Transportation Co., LLC (ARTCO) is a subsidiary of Archer Daniels Midland. Archer Daniels Midland headquarters is located at 77 W Wacker Dr #4600, Chicago. The increase is planned for bioenergy projects, focusing on bioethanol and biodiesel. Archer Daniels Midland has 38,100 employees across 64 locations and $64.66 B in annual revenue in FY 2019. [8], ADM's captive insurance services, which include Agrinational Insurance Company (Agrinational), provides insurance coverage for certain property, casualty, marine, credit, and other miscellaneous risks of the Company and participates in certain third-party reinsurance arrangements. Archer Daniels Midland Headquarters. ADM agreed to pay more than $36 million to settle the SEC's charges. [citation needed], In 1902, George A. Archer and John W. Daniels began a linseed crushing business in Minneapolis, Minnesota. [42], The company lobbies for agricultural subsidies and price supports including sugar and ethanol. It was named the world's most-admired food-production company by Fortune magazine for three consecutive years: 2009, 2010 and 2011. In 1923, Archer-Daniels Linseed Company acquired Midland Linseed Products Company, and the Archer Daniels Midland Company was formed. Dextrose and starch are used by the Corn Processing segment as feedstocks for its bioproducts operations. [38], On December 20, 2013, the SEC announced that it had charged ADM for failing to prevent illicit payments (bribes) made by its foreign subsidiaries to Ukrainian government officials in violation of the FCPA. Several co-defendants were named, including the Archer-Daniels Manufacturing Company. ADM nearly doubled capital spending in its 2007 budget to an estimated $1.12 billion. [9], ADM's Corn Processing segment is engaged in corn wet milling and dry milling activities, with its asset base primarily located in the central part of the United States. Archer Daniels Midland also operates a test bakery and kitchen which develop and test oils, and fats for baking and frying. At least 43 percent of ADM's annual profits are from products heavily subsidized or protected by the American government. [16] On 29 Nov 2013, this acquisition was blocked by the Australian Treasurer. The suit alleged all of these companies were acting in collusion to raise prices, citing a spike in linseed oil costs between 1916 and 1918, when the price rose from $.50 per gallon to $1.80. The main telephone number for the office is 312-634-8100. Archer Daniels Midland Board of Directors Compensation 2018 / Salary in 2018. Natural flavors were added to ADM's product portfolio with the 2014 acquisition of Wild Flavors. [22] Approximately 1,500 employees transferred to Olam with the sale. The global headquarters and customer center is located at 77 West Wacker Drive, Suite 4600, Chicago, Illinois, 60601. [28], In 1993, the company was the subject of a lysine price-fixing investigation by the U.S. Justice Department. Learn how and when to remove this template message, Midwest Geological Sequestration Association, disposal of carbon dioxide emissions underground, "Archer Daniels Midland | 2020 Fortune 500", "Archer Daniels Midland, Form 10-K, Annual Report, Filing Date Aug 27, 2012", "Acquisition adds natural flavors to Archer Daniels Midland portfolio", "UNITED STATES SECURITIES AND EXCHANGE COMMISSION : WASHINGTON, D. C. 20549 : FORM 10-K", "ADM first-quarter profit beats estimates, as CEO cites 'many unknowns' of pandemic", "Archer Daniels Midland, Form DEF 14A, Filing Date Sep 17, 1997", "Archer Daniels Midland, Form 10-K, Annual Report, Filing Date Sep 20, 2002", "Alabama Farmers Want to Export More to Cuba", "Archer Daniels Midland, Form 8-K, Current Report, Filing Date May 1, 2006", "Archer Daniels Midland, Form 8-K, Current Report, Filing Date Feb 6, 2007", "Daimler, ADM, Bayer to test Jatropha for biodiesel", "ADM, Daimler, Bayer partner to explore jatropha", "ADM buys ingredients company Wild Flavors for about $3 billion", "Olam completes acquisition of ADM's cocoa business", "ADM Completes Sale of Global Cocoa Business", https://www.reuters.com/article/deals-day-idUSL4N1FL1ZL, "ADM Has Made Takeover Approach to Bunge Ltd", https://investors.adm.com/governance/board-of-directors/default.aspx, "ADM Again Named World's Most Admired Food Production Company", "Archer Daniels Midland Company. ADM expanded its agribusiness to include milling, processing, specialty food ingredients, and cocoa. [20], On November 5, 2014, ADM announced that effective January 1, 2015, Juan Luciano will become the company's new CEO. “Our company is growing and becoming more global and more customer-centric,” said Patricia Woertz, ADM chairman and chief executive officer. United Kingdom. In some cases, they were said to have used phantom firms to buy grain and had inflated costs in Argentina in order to reduce the recorded profits earned in the country. In addition, ADM agreed to eliminate more than 60,000 tons of emissions of carbon monoxide, particulate matter, volatile organic compounds, and other pollutants from 42 plants in 17 states, at a cost of hundreds of millions of dollars. 77 West Wacker Drive, Suite 4600 Chicago, Illinois 60601. Archer-Daniels-Midland Company procures, transports, stores, and merchandises agricultural commodities and products. 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