Bangkok Post

ADM may move HQ to new site


CHICAGO: Agribusine­ss Archer Daniels Midland Co said on Monday that it was considerin­g locations for new corporate headquarte­rs because the company is becoming more global.

The company’s headquarte­rs have been located in Decatur, Illinois, about three hours south of Chicago, for the past 44 years.

‘‘To continue to succeed, we need a global centre in a location that allows us to travel and work efficientl­y with customers and employees throughout the world,’’ chief executive Patricia Woertz said in a statement.

A company spokesman could not immediatel­y be reached for further comment on Monday.

ADM is one of four large players known as the ‘‘ABCD’’ companies that dominate the flow of agricultur­al goods around the world.

The others are Bunge Ltd, Cargill Inc and Louis Dreyfus Corp.

ADM said it planned to relocate about 100 existing jobs to its new headquarte­rs and create a technology centre at the location that will add about 100 new jobs over several years.

About 4,400 employees will continue to work in Decatur, which will become the company’s North American headquarte­rs.

‘‘No lay-offs are planned in connection with the move,’’ ADM said.

The company said it was considerin­g locations for the new office and having discussion­s with public officials and advisers.

Chicago has talked with ADM about bringing the new headquarte­rs to the city, Tom Alexander, spokesman for Chicago Mayor Rahm Emanuel, said in a telephone call with Reuters.

‘‘We will work to ensure that this corporate headquarte­rs stays in Illinois,’’ the mayor said in a statement.

ADM is expanding its reach in the agricultur­al industry with a deal to buy Australian grain handler GrainCorp Ltd for nearly A$3.0 billion (US$3.1 billion). The acquisitio­n was announced in April and is expected to close by the end of the year.

ADM maintains regional headquarte­rs in Rolle, Switzerlan­d; Sao Paulo, Brazil; and Shanghai, China.

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