WMD (New York Stock Exchange:ADM) has opened a new production plant in Valencia, Spain, to meet the growing demand for probiotics, postbiotics and other products.
The production facility represents an investment of $30 million and a more than five-fold increase in ADM’s production capacity, increasing it to 50 metric tons per year.
The facility will enable ADM to supply growing markets for probiotics and postbiotics in the US, Asia-Pacific and Europe.
The company expects its customer base to more than triple in the next five years.