ADM, Wilmar collaborate fertilizers, vegetable oil ocean freight

ADM, Wilmar collaborate for fertilizers, vegetable oil and ocean freight

11:49 AM, 18th October 2012
ADM, Wilmar collaborate for fertilizers, vegetable oil and ocean freight
Patricia Woertz, Chairman and CEO, ADM.

ROLLE, SWITZERLAND: Archer Daniels Midland Company (ADM) and Wilmar International Ltd have completed regulatory approvals for their partnerships in global fertilizer and European vegetable oil. The two companies have also launched their partnership in global ocean freight.

The companies will collaborate on purchasing and distribution in the global fertilizer business; partner in the sale and marketing of vegetable oils and fats in Europe; and work together to improve the utilization and management of their oceangoing fleets, with each company initially contributing two ships to the effort.

“These new partnerships will help strengthen our global marketing reach, while delivering a best-in-class service to our customers. We are confident that synergies with Wilmar will create a distinctive value,” said Patricia Woertz, Chairman and CEO, ADM.

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