DECATUR, Ill., Sept. 23, 2013 – Archer Daniels Midland Company
(NYSE: ADM) announced today a number of multi-year financial commitments—to
economic development, education and social services—to help ensure that Decatur
remains a strong and vibrant community as the company explores establishing a
new global headquarters and customer center.
has been our hometown for 44 years, and it will continue to be an important
center for our North American business. It is home to two of the largest
processing facilities in our global network and our single largest community of
employees," said Patricia Woertz, ADM chairman and chief executive officer. "As
we explore establishing a new global headquarters and customer center, we
remain firmly committed to the 4,400 colleagues who will continue to work in Decatur, and to the economic strength and viability of the
The company also announced that it is not planning any layoffs in
connection with the move to a new global center. It expects to locate a small,
corporate team at the global center, with approximately 100 jobs relocated to
In recognition of the breadth and importance of the work that will
continue to be centered in Decatur, the
office will become its North American headquarters. ADM also maintains regional
headquarters in Rolle, Switzerland; São Paulo,
Brazil; and Shanghai, China.
"To ensure that Decatur
remains a strong and vibrant community for years to come, we are announcing
today several multi-year financial commitments," added Woertz. "We are
investing in Decatur's
economic development to help ensure it flourishes economically, in its schools
to foster a strong workforce pipeline, and in critical social services to
enhance the quality of community life."
Among the specific commitments the company is making is $250,000 a
year for three years to fund an enhanced public-private partnership and unified
marketing campaign for the Economic Development Corporation of Decatur &
Macon County, including the funding of a mayoral economic development fellow;
and $500,000 a year for five years to Decatur Public School District 61. In
addition, the company will maintain its other Decatur
and Macon County community support at $1 million a
year for at least 10 years.
The company is considering various locations for a global
headquarters and customer center, and does not expect to discuss those options
Woertz commented that, in seeking to establish a new global
center, ADM is positioning itself for continued success in a sector that is
consolidating, with new, well-funded global competitors.
"We believe our global presence will provide
Decatur and all of Illinois
with even greater international exposure and economic opportunities," Woertz
said. "Our Decatur inland port facility, which
we opened last week, is one example of the capital investments we will continue
to make in Decatur—investments which create
opportunity not only for our company but for other new and existing companies
that will flourish in Decatur
* This press release was issued by ADM. No other information was given.
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