EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Joint
Venture
Green light for joint venture between AGRANA and INGREDION in Romania
02.06.2025 / 15:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Green light for joint venture between AGRANA and INGREDION in Romania
35 million euros investment will expand starch capacity, increase cost
efficiency and enhance competitiveness
The planned joint venture between the food and industrial goods group
AGRANA and the global supplier of ingredient solutions INGREDION (NYSE:
INGR) obtained clearance for the transaction from all applicable
international regulatory authorities, including the European antitrust
body. In September 2024, AGRANA Stärke GmbH, a subsidiary of AGRANA
Beteiligungs-AG, signed a joint venture agreement with INGREDION Germany
GmbH for the joint development of starch production in Romania. Per the
agreement, INGREDION Germany GmbH will acquire 49% of the shares of equity
in the Romanian operating entity S.C. AGFD Țăndărei s.r.l. from AGRANA
Stärke GmbH.
“We are pleased to expand the partnership between AGRANA and INGREDION
through the joint venture. The joint investment aims to increase starch
production capacities in Romania, enhance competitiveness and establish a
foundation for higher sales volumes of our starch products. This is fully
in line with our new Group strategy ‘Next Level’, which includes
strengthening the commodity and specialty business as a central aspect,”
explained AGRANA CEO Stephan Büttner.
“This is a step-change in our EMEA production capabilities that will allow
us to meet the growing demand for texture solutions across Europe, Africa
and the Middle East,” said Mike O’Riordan, Senior Vice President Texture &
Healthful Solutions EMEA and APAC. “It will reduce our dependence on
imports, improve control over our supply chain, and enable us to meet
growing customer demand for texture solutions. Additionally, localized
starch production will enhance our supply chain sustainability and reduce
our carbon footprint.“
As part of the joint venture, AGRANA and INGREDION will jointly invest EUR
35 million in expanding the production in Țăndărei. Construction of the
plant expansion is scheduled to start in June 2025. The project will take
2.5 years to complete, but the plant will start producing products in
support of the joint venture immediately.
About AGRANA
AGRANA refines agricultural raw materials into high-quality foodstuffs and
a wide range of industrial primary products. Around 9,000 employees at 50
production sites worldwide generate annual Group sales of around € 3.5
billion. The company was founded in 1988 and is the global market leader
in fruit preparations, the world's leading producer of apple juice and
berry juice concentrates and a major producer of customised potato, corn
and wheat starch products and bioethanol in the Starch segment. AGRANA is
the leading sugar company in Central and Eastern Europe.
With its three Austrian plants in Aschach/Donau (Upper Austria), Gmünd
(Lower Austria) and Pischelsdorf (Lower Austria) as well as in Țăndărei
(Romania) and Szabadegyhaza (Hungary), AGRANA Stärke GmbH operates at a
total of five production sites and has established itself as a specialist
in customised starch applications. At about EUR 1.0 billion, the Starch
Division accounted for almost a third of Group sales in the past financial
year.
About INGREDION
INGREDION Germany GmbH is active in the development and production of
various specialty starches that are used as functional ingredients in the
production of a wide range of foods. INGREDION Germany GmbH is part of
Ingredion Incorporated group of companies, a global provider of ingredient
solutions. The INGREDION Incorporated group of companies produces
starches, sweeteners and other ingredients from renewable raw materials
such as corn, tapioca and the stevia plant and supplies customers in the
food and beverage, pet food, pharmaceutical and paper industries.
Media Contacts
AGRANA: Markus Simak, +43-1-21137-12084
INGREDION: Rick Wion, +1 708-209-6323
This press release is available in German and English at (1)www.agrana.com
and at ir.ingredionincorporated.com.
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02.06.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: AGRANA Beteiligungs-Aktiengesellschaft
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
Austria
Phone: +43-1-21137-0
Fax: +43-1-21137-12926
E-mail: investor.relations@agrana.com
Internet: www.agrana.com
ISIN: AT000AGRANA3
WKN: A2NB37
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 2148890
End of News EQS News Service
2148890 02.06.2025 CET/CEST
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