|
 |
|
|
|||
|
 |
|
Oct. 2, 2026 Source: ADM news release CHICAGO & SEOUL -- CJ CheilJedang (CJ, KRX: 097950), a global food and biotech company that owns a leading animal nutrition business (known as CJ Bio), and ADM (NYSE: ADM), a global leader in innovative solutions from nature, have agreed to form a new joint venture to secure a reliable, long-term source of feed-grade amino acids critical to the livestock industry, strengthening U.S. production, global supply chain resilience and U.S. food security. "By combining CJ's industry-leading fermentation technology to produce amino acids for animal nutrition and technical marketing with ADM's U.S. manufacturing footprint and strong feedstock supply, the joint venture is positioned to seek enhanced cost competitiveness and support stable domestic production for North America," said Lance Haeryong Choi, Senior Vice President of CJ CheilJedang. "Together, CJ and ADM will help to strengthen global food security and supply chain resilience as well as supporting American communities and manufacturing jobs." "Customers know that challenging global market conditions are putting continued U.S. domestic production of feed-grade amino acids, particularly lysine, at risk," said Kris Lutt, ADM's vice president of Innovation and Growth. "This joint venture will strengthen U.S. production, creating a more reliable U.S. source of supply by bringing together the right assets, products and capabilities to support continued production in a highly competitive environment. "Recent decisions by the U.S. Department of Commerce and U.S. International Trade Commission to eliminate unfair trade practices affecting U.S. imports of lysine by China give us even greater confidence that this is the right step. ADM will continue to use its global fermentation capacity and expertise to meet customer needs and as a platform for growth as we explore new ways to serve food, feed and industrial markets through precision fermentation." The new joint venture will develop, manufacture and market fermentation-derived amino acids by bringing together: *CJ's fermentation production facilities in Fort Dodge, Iowa, and Piracicaba, Brazil *ADM's Decatur, Illinois, feed-grade amino acid plant *CJ's Mexico, Brazil and U.S. sales offices *Via license, CJ's intellectual property related to feed-grade amino acids for use by the joint venture within North and South America *CJ and ADM will give the JV exclusive rights to manufacture and sell feed-grade amino acids in the Americas. *CJ will be the majority owner of the joint venture. *CJ will retain ownership of its intellectual property and its global fermentation businesses outside the scope of the joint venture. *ADM's other Decatur operations and its other global fermentation assets are not included in the transaction. The launch date for the proposed joint venture is subject to customary closing activities as well as regulatory approvals. About CJ CheilJedang CJ CheilJedang is a South Korea-based food & biotech company operating globally. Founded in 1953 as the first Korean sugar manufacturer, it is now leading the global food industry with its renowned bibigo K-food products. It also operates an advanced green bio business known as CJ BIO, providing feed-grade amino acids under the BESTAMINO brand and food taste solutions made by its cutting-edge, fermentation-based bioengineering technologies. CJ CheilJedang is part of CJ Group, an international company in the fields of Food & Food Services, Bio & Pharma, Entertainment & Media, and Retail & Logistics. For more information, visit https://www.cj.co.kr/en. About ADM ADM unlocks the power of nature to enrich the quality of life. We're an essential global agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. We're a premier human and animal nutrition provider, offering one of the industry's broadest portfolios of ingredients and solutions from nature. We're a trailblazer in health and well-being, with an industry-leading range of products for consumers looking for new ways to live healthier lives. We're a cutting-edge innovator, guiding the way to a future of new bio-based consumer and industrial solutions. And we're leading in business-driven sustainability efforts that support a strong agricultural sector, resilient supply chains, and a vast and growing bioeconomy. Around the globe, our expertise and innovation are meeting critical needs from harvest to home. Learn more at www.adm.com. Tweet |
|
|
|
|
|
|
|
|
|||||||||||||
