ADM Opens New Silo in Silistra, Bulgaria
Facility will be used to store, condition and transport bulk commodities
Archer Daniels Midland Company (NYSE: ADM) today celebrates the official opening of its recently completed Port ADM Silistra silo, located on the Danube River in Silistra, Bulgaria.
The state-of-the-art 20,000-tonne capacity facility will be used to store, condition and transport bulk commodities. It has been built at a prime location on the Danube River, close to the village Aydemir, to accommodate the strong agricultural production of the region.
Port ADM Silistra will add incremental volumes to Black Sea exports, contributing to economic growth by giving local farmers access to transportation networks that connect Eastern Europe to lucrative markets worldwide. Additionally, the development of the silo has created new jobs in the local area, meaning a greater capacity to support trading and logistic operations in Bulgaria and Romania.
“At ADM, we offer flexible and efficient transportation to customers globally,” stated Ivaylo Georgiev, Chief Commercial Manager, ADM Bulgaria Trading. “With expansions such as Port ADM Silistra, ADM will be well-positioned to meet rising customer demand across the region and simultaneously help local farmers to grow their businesses and broaden their horizons.”
The project was completed with the support of Silistra’s municipality and the Invest Bulgaria agency. For the opening event, ADM has invited farmers and traders, partners and officials to participate in an on-site tour, where it will present the benefits that the new facility will bring to ADM’s customers and prospects in the region.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 32,000 employees serving customers in more than 160 countries. With a global value chain that includes approximately 500 crop procurement locations, 250 ingredient manufacturing facilities, 38 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more at www.adm.com.