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AGRANA acquires fruit processing plant in India

Published: May 9, 2017; 11:59 · (Vindobona)

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.

AGRANA acquires fruit processing plant in India / Picture: © Vindobona

 

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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

Digital press kit: http://www.ots.at/pressemappe/4/aom

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