Archer Daniels Midland Company recently announced a strategic investment of $100 million in Agricultural Bank of China , and the opening of an office in Beijing, marking the company’s goal of encapsulating the growth opportunities prevailing in China and Asia.
Archer said that China has a sizeable agricultural market with huge demand and supply. Archer’s objective is to capitalize on the promising opportunities in China’s farming sector. Both the organizations are competent in their respective fields and come together to benefit from each others’ expertise.
Further, the planned office in Beijing is expected to commence by the end of 2010.