EANS-News: AGRANA opens new fruit preparations plant in Changzhou (China)
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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AGRANA now with three facilities in China
Plant Openings
Vienna - The fruit, starch and sugar group AGRANA yesterday officially opened
its second production site for fruit preparations in China. Around EUR 22
million have been invested in this new facility in Changzhou.
Changzhou is located in Jiangsu province, around 150 km north-west of Shanghai.
The plan is to initially employ around 70 personnel at this new site, which will
manufacture approximately 30,000 tonnes of fruit preparations, particularly
strawberries, blueberries or peaches, for the fruit yoghurt, bakery and ice
cream sectors, as well as for food services.
"We are delighted to be opening this new site after just one year of
construction work. China is the world's largest yoghurt market and is growing
fast. Their locations mean that our production facilities are in close proximity
to major dairy product customers. The construction of a second fruit
preparations site in the Shanghai region was therefore a logical investment in
order to consolidate our market leadership", highlights AGRANA CEO, Stephan
Büttner, at the opening ceremony.
The Chinese yoghurt market has nearly doubled in the last five years, partly due
to the rising demand for yoghurt drinks. According to Euromonitor, the yoghurt
market in China is forecast to grow by an average of 7.9% annually until 2023.
In 2018, the per capita consumption in China amounted to 6.8 kg per year
(Western Europe: 12.5 kg; USA: 5.2 kg).
Fruit preparations at AGRANA
Fruit preparations contain top quality fruit which is either puréed or diced and
used in dairy products or in the ice cream and bakery products industries. These
products are individually developed and produced by AGRANA on the basis of close
development-related collaborations with customers. In addition to the food
processing industry, AGRANA also supplies its fruit preparations to fast-food
companies and food service providers.
AGRANA produces fruit preparations at 28 sites worldwide. In addition to the new
site in Changzhou, AGRANA also has another fruit preparation facility in Dachang
(Beijing province), which was constructed six years ago. Besides these, AGRANA
maintains a fruit juice concentrate plant in Xianyang (Shaanxi province).
About AGRANA
AGRANA adds value to agricultural commodities to produce top quality foodstuffs
and numerous industrial upstream products. Around 9,400 personnel working at 58
production facilities worldwide generate consolidated annual revenues of around
EUR 2.6 billion. The Group was founded in 1988, is the global leader in fruit
preparations and also a major producer of fruit juice concentrates in Europe as
well as being a key manufacturer of customised starch products and organic
ethanol in its Starch segment. AGRANA is also one of today's leading sugar
companies in Central and Eastern Europe.
This press release is available in German and English at www.agrana.com [http://
www.agrana.com/].
Further inquiry note:
AGRANA Beteiligungs-AG
Mag.(FH) Hannes Haider
Investor Relations
Tel.: +43-1-211 37-12905
E-mail: hannes.haider@agrana.com
Mag.(FH) Markus Simak
Public Relations
Tel.: +43-1-211 37-12084
E-mail: markus.simak@agrana.com
end of announcement euro adhoc
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Pictures with Announcement:
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issuer: 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
ISIN: AT000AGRANA3
indexes: WBI
stockmarkets: Wien, Frankfurt, Berlin, Stuttgart
language: English