AGRANA Beteiligungs-AG

EANS-Adhoc: AGRANA Beteiligungs-AG
AGRANA and YNA to divide joint ventures for apple juice concentrate in China

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Company Information

01.02.2011

The sugar, starch and fruit company AGRANA has announced  plans  to   divide  its existing joint ventures  with  the  Chinese  apple  juice concentrate  producer Yantai North Andre Juice Co. Ltd. (Yantai). Through two  50:50  joint  ventures, these two companies currently   operate  an  apple  juice  concentrate  plant  in Xianyang, Shaanxi province,  and  another  production  site  in  Yongji,  Shanxi province.

It is the declared intention of AGRANA to assume full ownership of the plant  in Xianyang and to sell its stake in the Yongji production facilities to Yantai  in return.

AGRANA and Yantai have been turning approximately 250,000 tonnes of apples  into apple juice concentrate every year at both sites, employing around 250  workers. In future, AGRANA plans to operate the Xianyang plant with around 160  employees and with the capacity to process up to 180,000 tonnes.

This press release is available in German and English at www.agrana.com.

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Further inquiry note: Investor Realtions: Mag. (FH) Hannes Haider Tel.: 01-21137-12905 hannes.haider@agrana.com

Public Relations: Mag. Ulrike Middelhoff Tel.: 01-21137-12084 ulrike.middelhoff@agrana.com

Branche: Food
ISIN:      AT0000603709
WKN:        779535
Index:    WBI, ATX Prime
Börsen:  Berlin / Präsenzhandel
              Frankfurt / Präsenzhandel
              Stuttgart / Präsenzhandel
              Wien / official market



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