ADM to close Brazil pet-food plant amid cost-cutting
The US agri-food giant is closing its site in Três Corações in the eastern state of Minas Gerais.
The facility supplies branded pet-food products as well as livestock and aqua feed.
"We will no longer have dedicated pet manufacturing facilities in Brazil. Our pet business in other countries and regions will continue," the company said in a statement.
"ADM is always assessing its portfolio as we focus globally on strategic simplification to ensure we're operating the right assets to meet customer needs, achieve our returns objectives, and be the most effective operator of each part of the business.
"After exploring a wide variety of alternatives, we've determined that our Três Corações facility and related businesses and assets no longer align with our future operational needs."
Around 750 staff work at the facility, who, along with around 150 employees at other, undisclosed locations, will be affected by the closure, ADM confirmed.
In February, ADM outlined plans to save $500-700m over the next five years through lower manufacturing costs, cuts in purchased materials and job losses. The company pointed to "ongoing market challenges, including global legislative and regulatory policy uncertainty".
In 2024, ADM generated $85.5bn in revenue, an 8.9% decrease from 2023.
Operating profit fell 28.8% to $4.2bn, and net profit decreased 47% to $1.8bn.
In the first quarter of 2025, ADM reported $20.17bn in revenue, down 7.6% from Q1 2024.
Net earnings attributable to ADM plunged 59.5% to $295m and total segment operating profit was $747m, down 38% versus the prior year quarter
"ADM to close Brazil pet-food plant amid cost-cutting " was originally created and published by Just Food, a GlobalData owned brand.
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