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Investments

1

Portfolio Exits

1

About Archer Daniels Midland

Archer Daniels Midland is a corporation based out of Decatur, Illinois.

Archer Daniels Midland Headquarter Location

4666 Faries Parkway

Decatur, Illinois, 62525,

United States

(217)424-5200

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Research containing Archer Daniels Midland

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CB Insights Intelligence Analysts have mentioned Archer Daniels Midland in 2 CB Insights research briefs, most recently on Dec 22, 2020.

Latest Archer Daniels Midland News

LG Chem, US firm join hands to produce bio-plastics

Sep 14, 2021

Posted : 2021-09-14 16:52 Updated : 2021-09-14 16:53 LG Chem CEO Shin Hak-cheol, right, shakes hands with Archer Daniels Midland (ADM) CEO Juan Luciano after signing a deal at ADM headquarters in Chicago, Monday, to establish a joint venture plant to manufacture bio-plastics. Courtesy of LG Chem By Yi Whan-woo LG has joined hands with Archer Daniels Midland (ADM), a U.S. food processing and commodities trading company, to manufacture bio-plastics from corn, the Korean company announced Tuesday. It said CEO Shin Hak-cheol and ADM CEO Juan Luciano made an agreement at the American company's headquarters in Chicago, Monday, to establish a joint venture plant in the U.S. to produce lactic acid and polylactic acid-based plastics. Lactic acid is needed to produce polylactic acid, which is one of the commercially popular types of bio-plastics used in a wide range of products, including food packaging, disposable utensils, clothing and upholstery. Under the agreement, the two companies will launch a joint venture plant by early 2022, aiming to produce up to 75,000 tons of polylactic acid and lactic acid combined and to sell them by 2025. The deal makes LG Chem, an LG Group affiliate, the first Korean company to build a polylactic acid plant capable of an integrated process of transforming raw materials into finished goods. LG Chem will be able to receive a stable supply of high-purity lactic acid as part of its broader plan to accelerate the commercialization of biodegradable chemical products and contribute to the fight against climate change. "Today's agreement is yet another way in which we're delivering on growth opportunities in plant-based solutions," Luciano said. Calling LG Chem a "global leader," he said he is "excited to work together" to expand U.S. production of lactic acid. He expressed hope that the cooperation will help enhance capabilities "to meet growing demand for responsibly-produced products." Shin viewed the establishment of a joint venture as the "beginning of a new journey," saying it formalizes the cooperation "toward a sustainable business structure for the benefit of the environment and society." "As a leading company for sustainability, LG Chem will actively seek new ways to contribute to carbon-neutral growth," he said. LG Chem and ADM have been working together to meet growing demand for bio-based products. In 2019, the companies signed a joint development agreement to secure mass production technology to create bio-based acrylic acid, which can be used to manufacture superabsorbent polymers used in diapers and other hygiene products.

Archer Daniels Midland Investments

1 Investments

Archer Daniels Midland has made 1 investments. Their latest investment was in LevelSeas.com as part of their Corporate Minority on March 3, 2001.

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Archer Daniels Midland Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/13/2001

Corporate Minority

LevelSeas.com

Yes

Glencore, Mitsubishi, and Undisclosed Investors

1

Date

3/13/2001

Round

Corporate Minority

Company

LevelSeas.com

Amount

New?

Yes

Co-Investors

Glencore, Mitsubishi, and Undisclosed Investors

Sources

1

Archer Daniels Midland Portfolio Exits

1 Portfolio Exit

Archer Daniels Midland has 1 portfolio exit. Their latest portfolio exit was LevelSeas.com on February 03, 2003.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/3/2003

Acquired

Undisclosed Investors

1

Date

2/3/2003

Exit

Acquired

Companies

Valuation

Acquirer

Undisclosed Investors

Sources

1

Archer Daniels Midland Acquisitions

1 Acquisition

Archer Daniels Midland acquired 1 company. Their latest acquisition was Lysac on April 04, 2006.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/4/2006

Acquired

1

Date

4/4/2006

Investment Stage

Companies

Valuation

Total Funding

Note

Acquired

Sources

1

Archer Daniels Midland Team

8 Team Members

Archer Daniels Midland has 8 team members, including current Chief Executive Officer, President, Patricia Woertz.

Name

Work History

Title

Status

Patricia Woertz

Chief Executive Officer, President

Current

Douglas Schmalz

Chief Financial Officer

Current

Christopher Cuddy

President

Former

Domingo Lastra

President

Former

Kris Lutt

President

Former

Name

Patricia Woertz

Douglas Schmalz

Christopher Cuddy

Domingo Lastra

Kris Lutt

Work History

Title

Chief Executive Officer, President

Chief Financial Officer

President

President

President

Status

Current

Current

Former

Former

Former

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