The U.S. agribusiness group, Archer Daniels Midland Company (ADM), said that its Casablanca’s sweetener plant started operating in August with a view to boosting its footprint in the sweetener and starch market in the MENA region after expanding in Eastern Europe last year.
The announcement was made by the CEO of the Chicago-based company PDG Juan Luciano.
ADM reached an agreement, last February, to acquire from Tate & Lyle (TATE.L) the Casablanca corn wet mill plant that produces glucose and native starch.
In earlier statements following this acquisition, Chris Cuddy, president of ADM’s Corn Processing business unit said that the Casablanca plant serves both global and regional customers.
“The facility is the leading sweetener and starch supplier in a country that should see substantial demand growth in the coming years. It is well positioned to serve Moroccan customers as well as Mediterranean export markets. This also represents an opportunity to help introduce a wider range of ADM food and feed ingredients to the Moroccan market,” he said.
ADM is one of the world’s largest agricultural processors and food ingredient providers, with more than 32,300 employees serving customers in more than 160 countries. Its global value chain includes 428 crop procurement locations, 280 ingredient manufacturing facilities, 39 innovation centers.