EANS-News: AGRANA acquires fruit processing plant in India
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Company Information/Acquisition
The sugar, starch and fruit group AGRANA has consolidated its presence in Asia
through the acquisition of a fruit processing plant from the Indian fruit
processor SAIKRUPA Fruit Processing Pvt. Ltd. Following the establishment of
AGRANA Fruit India Private Ltd. last September and the acquisition of facility
from SAIKRUPA, AGRANA has now expanded its production activities in Asia to a
third territory, in addition to China and South Korea, namely the Indian
subcontinent. As the global leader in fruit preparations, AGRANA now maintains
26 production sites in 20 countries.
The fruit processing plant in question is located in western India in the
federal state of Maharashtra, around 50 km south of Pune. The plant is therefore
located in close proximity to strategically important commodities such as
mangos, strawberries, pomegranates and guava. Key customers have also set up
operations in this region. At the same time, AGRANA Fruit India has opened an
administration office and a research and development laboratory in Pune.
"This first entry in India with the acquisition of this fruit processing plant
is a further important step as part of our expansion into the fast-growing Asian
market. We see excellent opportunities for our products particularly in emerging
markets such as India due to rising purchasing power and changes in consumption
behaviour patterns. It is now time to leverage AGRANA's high quality standards
and the innovative strength of our Fruit segment to satisfy the needs of our
customers with a wide portfolio - ranging from standard fruit preparations for
yoghurts and ice creams to premium-segment fruit solutions such as sauces,
condiments, fillings and smoothie bases," explains the CEO of AGRANA
Beteiligungs-AG, Johann Marihart.
Fruit preparations at AGRANA
Fruit preparations contain top quality fruit which is prepared either as a
liquid or in pieces in order for these to be used in dairy products or in the
ice cream and bakery products industries. These products are individually
designed and produced by AGRANA on the basis of close development-related
collaborations with customers.
In addition to supplying the food processing industry, AGRANA also supplies its
fruit preparations to fast-food companies and food service providers.
About AGRANA
AGRANA adds value to agricultural commodities to produce top quality foodstuffs
and numerous industrial upstream products. Around 8,600 personnel working at
over 50 production facilities worldwide generate consolidated revenues of around
EUR 2.5 billion. The Company was founded in 1988 and is today the leading sugar
company in Central and Eastern Europe as well as being a major European producer
of custom starch products and bioethanol. AGRANA is also the global leader in
fruit preparations and the largest manufacturer of fruit juice concentrates in
Europe.
This press release is available in German and English at www.agrana.com.
Further inquiry note:
AGRANA Beteiligungs-AG
Mag.(FH) Markus Simak
Pressesprecher
Tel.: +43-1-211 37-12084
e-mail: markus.simak@agrana.com
end of announcement euro adhoc
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company: AGRANA Beteiligungs-AG
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
phone: +43-1-21137-0
FAX: +43-1-21137-12926
mail: info.ab@agrana.com
WWW: www.agrana.com
sector: Food
ISIN: AT0000603709
indexes: WBI, ATX Prime
stockmarkets: Präsenzhandel: Berlin, Stuttgart, Frankfurt, official market: Wien
language: English