January 5/Decatur, Ill./Investment Research -- Archer Daniels Midland Company (ADM) set foot in Slovakia to grow its strategy for expansion in Central and Eastern Europe. It gained control of three grain elevators in Slovakia, which were previously owned by Palma Group a.s. and Polnonakup Hont a.s.

These new assets will broaden Archer Daniels’ origination network in Slovakia, beside the River Danube. Situated in Levice, Hontianske Nemce and Secovce, in south and east Slovakia, the facilities will mainly store and supply crops for the company’s European processing facilities. It will also help Archer Daniels to move local crops to export markets and extend additional benefits to the local farming community.