Agrana Sues Chinese Yantai North Andre Juice.

IndustrialsBasic Resources ♦ Published: January 9, 2012; 13:01 ♦ (Vindobona)

The Austrian sugar and starch company claims $ 9.8m from the Chinese Yantai North Andre Juice.

Agrana Sues Chinese Yantai North Andre Juice. / Picture: © Vindobona.org

Yantai North Andre Juice announced that, on 14 December 2011, it received a notice of arbitration issued by the ICC International Court of Arbitration. According to the notice, Agrana Juice Holding GmbH (previously known as Agrana Juice GmbH) submitted an arbitration application in respect of a dispute arising from an allocation agreement dated 14 January 2011 between Yantai North Andre…