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ADM Statement Regarding East Plant Incident

ADM Statement Regarding East Plant Incident

Company statement as of 8:30 p.m. on Tuesday, Sept. 12:

As we continue the process to assess the damage to our processing complex in Decatur and begin the process to restore operations, our priority remains offering to support our four injured colleagues who remain in the hospital as well as their families. One colleague has been released. We are also providing counseling resources to colleagues on-site.

We are in the process of restarting operations at the corn plant and expect to resume normal operation levels in the coming days.

Raw material production capabilities at the East plant were impacted by the explosion. No damage occurred in the protein production area of the plant, and we are able to source raw materials from alternative facilities. We expect to restart the majority of protein production at the facility in the coming weeks. We will also leverage our vast transportation and origination network to meet customer needs until we can resume full operations at the plant.

Our investigation into the cause is ongoing.

Read more here.

Inquiries, please contact media@adm.com

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

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