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AGRANA Beteiligungs-AG

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

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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.
end of announcement                               euro adhoc

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

Plus de actualités: AGRANA Beteiligungs-AG
Plus de actualités: AGRANA Beteiligungs-AG
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