ADM Announces Price Increase
ADM Announces Price Increase
2008-04-03
Archer Daniels Midland Company (NYSE: ADM) today announced a global price increase, effectively immediately, for its natural-source Vitamin E and mixed tocopherol product lines.
The increase is due to higher energy, transportation and raw-material costs.
ADM is the world leader in the production of natural-source Vitamin E and mixed tocopherols, which it markets under the Novatol™ and Decanox™ brands. The price increase will affect oil and powder versions of d-alpha tocopherol, d-alpha tocopheryl acetate, d-alpha tocopheryl acid succinate and mixed tocopherols.
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy and has a premier position in the agricultural processing value chain. ADM is one of the world’s largest processors of soybeans, corn, wheat and cocoa. ADM is a leading manufacturer of biodiesel, ethanol, soybean oil and meal, corn sweeteners, flour and other value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 27,000 employees, more than 240 processing plants and net sales for the fiscal year ended June 30, 2007 of $44 billion. Additional information can be found on ADM’s Web site at http://www.adm.com.
ADM Media Relations
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