ADM plans to invest $196 million in Iowa grain plant updates
CLINTON, Iowa (AP) — Archer Daniels Midland plans to invest $196 million in its grain processing plant in Clinton, Iowa.
The Quad-City Times reports the project will update the machinery inside the plant and expand the facility.
ADM spokeswoman Jackie Anderson says the mill produces a variety of corn products, including corn sweeteners, beverage alcohol, ethanol and animal feed.
The plant employs more than 750. The project will receive more than $8 million in state and local tax credits.
Work on the expansion is expected to begin this year and continue into 2022.
Information from: Quad-City Times, http://www.qctimes.com