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Archer-Daniels-Midland (NYSE: ADM) Reports Explosion at Its Decatur Facility

Global grains trader Archer-Daniels-Midland (NYSE: ADM) reported an explosion at its processing facility in Decatur, Illinois on Sunday, which resulted in some structural damage to an elevator.

Colleagues began investigating a potential smoldering event at the elevator and surrounding operations were shut down and evacuated, the company said, adding that no injuries were reported due to the incident.

“We are currently monitoring the situation with support from the Decatur fire department, assessing the damage and investigating the cause,” the Chicago-based firm said.

(Source: ReutersReuters)

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Mary Lee
Mary Lee is a freelance writer and journalist based in Toronto, Canada. She holds an M.S. degree in business and economic journalism from Columbia University’s Graduate School of Journalism in New York and a certificate in digital marketing from the University of Toronto.