ADM launches flavour production facility in China to meet growing demand By Reuters – Investing.com

ADM launches flavour production facility in China to meet growing demand By Reuters – Investing.com

BEIJING (Reuters) - U.S. grain merchant Archer-Daniels-Midland Co said on Wednesday that it had launched a new flavour production facility in China to meet growing demand for beverages and healthy foods.

The new facility - ADM Food Technology (Pinghu) Co Ltd, located in the eastern province of Zhejiang and about one hour away from Shanghai - marks a further expansion by the global grains trader in the nutrition segment.

Nutrition is one of ADM's three main businesses and the company aims to increase the segment's contribution to overall net profits to more than a quarter in the next three to five years, from about 15% currently, Leo Liu, President, Nutrition, Asia-Pacific, ADM, told Reuters.