Agrana Closes Chinese Joint Venture

IndustrialsBasic Resources ♦ Published: February 2, 2011; 00:02 ♦ (Vindobona)

The Austrian Agrana and the Chinese YNA divide their joint ventures for apple juice concentrate in China.

Agrana Closes Chinese Joint Venture / Picture: ©

The sugar, starch and fruit company AGRANA has announced plans to divide its existing joint ventures with the Chinese apple juice concentrate producer Yantai North Andre Juice Co. Ltd. (Yantai). Through two 50:50 joint ventures, these two companies currently operate an apple juice concentrate plant in Xianyang, Shaanxi province, and another production site in Yongji, Shanxi…