CHICAGO — ADM will cease operations at its soybean crush plant in Kershaw, SC, as part of what the company said is a continuing assessment of its global footprint and capital allocation.

“Within our Ag Services & Oilseeds business, we’re taking a strategic approach to optimizing our network,” said Dane Lisser, a spokesperson for ADM. “This involves identifying opportunities for investments to upgrade and modernize our footprint, as well as difficult decisions about possible options for consolidation. As part of the process, after exploring a wide variety of alternatives, we’ve determined that our Kershaw crush plant no longer aligns with our future operational needs.”

ADM said the company has informed employees of its intention to end production later this spring and is working with customers to ensure a smooth transition. The number of layoffs was not disclosed.

“Right now, we’re focused on our colleagues in Kershaw,” Lisser said. “We have a team onsite working with impacted colleagues. For those who do leave the company, there will be appropriate financial severance and we’ll be offering support to help them find other employment.”

The plant closure comes after the global agribusiness posted its lowest fourth-quarter adjusted profit in six years and announced in February that it planned to lay off 600 to 700 employees in 2025 and cut costs by $500 million to $700 million over the next three to five years, including $200 million to $300 million this year.

ADM said its fiscal year 2024 operating profit for its Crushing subsegment was $844 million, 35% lower versus the prior year, as ample supplies out of South America drove more balanced supply and demand conditions, leading to lower crush margins.

In March, the company confirmed that it is cutting an undisclosed number of jobs from its grain trading and oilseeds processing segment. The Ag Services and Oilseeds division houses the company’s global crop trading, transportation and storage, and oilseed processing operations.