International Business / The Pacific

ADM, Rhone-Poulenc Form Global Feed Venture: Archer-Daniels-Midland Co. and France’s Rhone-Poulenc Animal Nutrition plan to create a global joint venture that will make supplements for animal feed. The venture is expected to generate annual sales of nearly $500 million. Rhone-Poulenc Animal Nutrition is a unit of France’s Rhone-Poulenc. The companies said the venture will manufacture premixes, which are blends of amino acids, vitamins, medicinal additives and trace elements, for adding to feed. In the 50-50 venture, Rhone-Poulenc Animal Nutrition will contribute its French, Australian and Indonesian operations. Decatur, Ill.-based ADM will contribute its premix operations in the U.S., Canada, Puerto Rico, China and Vietnam.