ADM (NYSE:ADM) has opened a new production facility in Valencia, Spain to cater rising demand for probiotics, postbiotics and other products.
The production facility represents an investment worth of $30M and a more than five-fold increase in ADM’s production capacity, increasing it to 50 metric tons per year.
The facility will allow ADM to supply growing markets for probiotics and postbiotics in the U.S., Asia-Pacific and Europe.
The company expects its customer base will more than triple over the next five years.