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American ADM company transfers soybean crushing business to China

 Last Update: 2002-12-18
 Source: Internet
 Author: User

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american materials company

oil demand

china production

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Introduction: Xinhua news agency, Beijing, Dec 17, Chicago news agency, Xinhua news agency, Beijing, Dec 17, Chicago news: American Archer Daniels Midland Company (ADM) said on Dec 16 that due to the reduction of squeezing profits, the company has closed several domestic soybean processing plants with poor profits, and the company will close or adjust 6 US soybean processing plants, and continue to turn the crushing business to China Pqj's lower margin results in a decline of about 10% in its first quarter profit for the financial year ended September 30 Refined oil production has been reduced due to increased demand for crude soybean oil exports The production capacity of this compression accounts for about 10% of the company's total soybean processing capacity A lot of production capacity has shifted to China, which owns half of the company's assets In the past two years, the company has opened six factories in China and is now jointly operating 10 factories with the Chinese government pqJ
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