Alle Storys
Folgen
Keine Story von AGRANA Beteiligungs-AG mehr verpassen.

AGRANA Beteiligungs-AG

EANS-News: AGRANA Beteiligungs-AG
AGRANA launches joint venture in Egypt

Wien (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Joint Ventures/Cooperation/Collaboration
AGRANA will expand its presence in the Middle
East and Africa (MEA) with a production plant in Egypt in addition to
its existing facilities in Turkey and South Africa.
AGRANA and Nile Fruits, a group based in Egypt with a significant 
track record in fruit processing in the Middle East and North Africa 
(MENA) region, plan to set up a new joint venture company in the 
first quarter 2010 and start production in the fourth quarter.
"This new joint venture constitutes an important strategic step 
towards AGRANA´s expansion in the fast growing market for dairy 
products in the Middle East and Africa. It will give us the 
opportunity to supply international dairy companies producing in 
Egypt, but also in the neighbouring countries, by taking advantage of
the favourable local production opportunities and the duty-free 
access to these markets", explains Johann Marihart, CEO AGRANA 
Beteiligungs-AG.
AGRANA Group AGRANA is the leading sugar company in Central and 
Eastern Europe, a major supplier of special starch-based products in 
Europe, and the largest producer of bioethanol in Austria and 
Hungary. AGRANA´s Fruit division is the global leader in the 
production of fruit preparations for the dairy products industry and 
also one of Europe´s top producers of fruit juice concentrates. In 
its 2008|09 financial year, AGRANA generated sales revenues of about 
EUR 2 billion. The Group currently employs more than 8,000 personnel 
at 52 facilities in 25 countries around the world.
Nile Fruits Group Nile Fruits Group is the largest independent fruit 
ingredients manufacturer in the Middle East and North Africa region, 
offering a product spectrum that encompasses a wide variety of 
aseptic and frozen fruit purees, fruit concentrates, IQF fruits, 
fruit for beverages, fruit preparation for dairy products, fruit 
filling for bakery and pastry, and fruit syrup for ice cream produced
with the highest quality standard. The Group currently consists of 
two processing facilities and one agri-business and employs 220 
people, generating annual revenues of about EUR 23 million.
This press release is available in German and English at 
www.agrana.com & www.nilefruits.com.
end of announcement                               euro adhoc

Further inquiry note:

Investor Realtions:
Mag. Maria Fally
Tel.: 01-21137-12905
maria.fally@agrana.com

Public Relations:
Mag. Ulrike Pichler
Tel.: 01-21137-12084
ulrike.pichler@agrana.com

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

Weitere Storys: AGRANA Beteiligungs-AG
Weitere Storys: AGRANA Beteiligungs-AG