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ADM expands sweetener operations in China

2015-05-18 13:53:35| Agriculture - Topix.net

Archer Daniels Midland Company announced today that it has reached an agreement to purchase Meiweiyuan Biotechnology Co., a privately held sweetener manufacturer near the city of Wuhan, in the central Chinese province of Hubei. "This acquisition helps further expand our footprint in regions with growing demand for our products," said Chris Cuddy, president of ADM's Corn Processing business.

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