Agricultural businesses are finding Saginaw County a good place to be lately, and one of the biggest food companies in the world is part of that group.
ADM, or the Archer Daniels Midland Company, has plans to build a new processing facility in Blumfield Township under its ADM Edible Bean Specialties division. The company will be building a 7,500-square-foot, four-story building to clean and size beans, along with a new 300,000-bushel-capacity steel storage silo. The plant is expected to employ 15 worker; 12 from its current plant and three new employees.
Economic development alliance Saginaw Future (http://www.SaginawFuture.com) announced the new facility, which contributed $11 million to a total of $26 million invested with the alliance's assistance in the second quarter of 2010.
"Saginaw County saw three agribusinesses invest nearly $14 million in the second quarter of 2010," says Saginaw Future president JoAnn Crary. "ADM's Blumfield Township investment reflects the importance of agriculture to Saginaw County and the region, along with new opportunities being developed in agribusiness."
Those other opportunities included investments from the Michigan Sugar Company, which added $1 million in equipment at a sugar beet processing plant in Blumfield Township, and from Star of the West Milling Company, which put a total of $5.5 million into new equipment and a new silo at its facilities in Frankenmuth.
ADM is headquartered in Decatur, Ill., and operates more than 500 processing plants and sourcing facilities in more than 60 countries. In 2010 and 2009, Fortune magazine named ADM the most admired company in the food production industry today.
Writer; Sam EgglestonSource: JoAnn Crary, Saginaw Future
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.