ARCHER Daniels Midland Company says it is moving its global headquarters to Chicago, but the agribusiness giant could still set up a new technology centre in another state after failing to win millions in tax breaks.
The company said in a written statement it would move a small corporate team of about 50-75 employees to Chicago, but won't, at least for now, be bringing 100 more jobs that were to come with the technology centre it had planned for the same site.
Chicago, with its two international airports and big-city amenities, was an obvious contender when the company first announced in September that it planned to move its headquarters from Decatur in central Illinois to a location with better access to its customers worldwide.
"While we considered other global hubs, Chicago emerged as the best location to provide efficient access to global markets while maintaining our close connections with US farmers, customers and operations," said ADM Chairman and Chief Executive Patricia Woertz in the company's statement.
ADM plans to keep about 4,400 jobs in Decatur, where it's been headquartered for 44 years, and make that city its North American headquarters.
ADM has about 30,000 employees worldwide.
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