EANS-News: AGRANA Beteiligungs-AG AGRANA expanding in the US: Building a new
facility for fruit preparations
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information
Wien (euro adhoc) - The sugar, starch and fruit company AGRANA is expanding its
market presence in North America by constructing a fruit preparation plant in
the Northeastern Region of the US. The exact location has not yet been fixed.
The total investment amounts to around USD 40 million (= EUR 30 million).
Accordingly, from mid-2014, AGRANA will produce fruit preparations for the
dairy, baking and ice-cream industries at four locations in the United States.
"Building this new plant represents an important strategic step for AGRANA in
our efforts to consolidate our market leadership in the US fruit preparation
segment over the long term. With the new production capacity of 45,000 tonnes
annually, we are creating the conditions to achieve this," says AGRANA CEO
Johann Marihart. The US market offers average annual growth of more than six
percent - in contrast to the stagnating European market -, particularly in view
of the trend toward fruit yoghurts containing a high proportion of fruit
preparation. Above all, the new facility will serve as a response to rising
customer demand in Canada and the Northeastern Region of the US.
AGRANA currently operates three North American production sites in Botkins|Ohio,
Centerville|Tennessee and Fort Worth|Texas and has its Corporate Offices and NPD
Center in Brecksville/Ohio.
Fruit preparations at AGRANA
Fruit preparations contain premium quality fruits which are processed either as
liquids or pieces in order to be used, in particular, in dairy products or for
the ice cream and bakery products sectors. These fruit-based products are
individually conceptualised and produced in the course of close development
cooperation with customers. AGRANA manufactures fruit preparations at 26 sites
worldwide.
About AGRANA
AGRANA is the foremost sugar company in Central and Eastern Europe. It is the
leading supplier of specialised products in Europe by a considerable margin, as
well as being the largest producer of bioethanol in Austria and Hungary. In the
field of fruit, AGRANA is the top global producer of fruit preparations for the
dairy industry and the leading producer of fruit juice concentrates in Europe.
For the full 2012|13 business year, AGRANA expects Group revenue of more than
EUR 3.0 billion. AGRANA employs around 8,000 personnel at 56 sites in 26
countries around the world.
This press release is available in German and English at 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) Christine Göller
Public Relations
Tel.: +43-1-211 37-12084
e-mail: christine.goeller@agrana.com
end of announcement euro adhoc
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company: AGRANA Beteiligungs-AG
Donau-City-Straße 9
A-1220 Wien
phone: +43-1-21137-0
FAX: +43-1-21137-12045
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