Das könnte Sie auch interessieren:

"Die Geissens" werden in den Adelsstand gehoben

München (ots) - "Die Geissens" zwischen Obertauern und Paris - Neue Doppelfolge über Deutschlands wohl ...

Premiere bei AIDA: Erstanlauf in Kapstadt mit AIDAaura / AIDA erweitert ab Dezember 2019 Programm mit 14-tägiger Route "Südafrika & Namibia" mit AIDAmira

Rostock (ots) - Am Morgen des 11. Januar 2019 erreichte AIDAaura den Hafen von Kapstadt. Als erstes Schiff der ...

Big Bang zum Abschluss: Wer gewinnt das Finale der ProSieben-Show "Masters of Dance"?

Unterföhring (ots) - Wer gewinnt die ProSieben-Show "Masters of Dance"? Im großen Finale am Donnerstag, 10. ...

12.06.2006 – 08:05

AGRANA Beteiligungs-AG

euro adhoc: AGRANA Beteiligungs-AG
Mergers - Acquisitions - Takeovers
AGRANA launches Apple Juice Production in China

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Vienna/Beijing - ARANA, the leading European producer of apple juice concentrates, signed a Joint Venture Agreement in China.  It has acquired a 50 per cent stake in concentrates manufacturer Xianyang Andre Juice Co. Ltd, which is a subsidiary of Hong Kong listed company Yantai North Andre Juice Company, Ltd.

A part of the investment will be brought into the company within the scope of a capital increase and will be used to finance enlargement of its factory.  The factory’s current annual capacity of 30,000 tonnes of apple juice concentrates is already planned to double in 2007.

China is the world’s largest producer of apple juice concentrates. Depending on the harvest, it makes 500,000 to 600,000 tonnes a year. Between 80 and 85 per cent is exported. Because it lacks the acidity that is typical of European concentrates, Chinese apple juice is classified as "sweet".

AGRANA’s new Xianyang Andre Juice Co. Ltd. joint venture has a factory located directly in China’s largest apple growing area in the province of Shaanxi.  The Joint Venture company started production of apple juice concentrate in 2005.  Between August and December 2005, the factory and its workforce of about 160 people were already able to make some 12,000 tonnes of apple juice concentrates. Revenues during the 2007 financial year are expected to total about EUR 24 million.

AGRANA’s joint venture partner Yantai North Andre has five additional concentrate production facilities of its own. Further more, a pectin production is currently built up.  The group’s revenues during 2005 came to the equivalent of approximately EUR 66 million.

The Joint Venture Agreement will be effective after grant of approval by the relevant Authorities.

This press release is also available in the Internet at www.agrana.com.

@@start.t2@@end of announcement                                                 euro adhoc 12.06.2006 07:30:00

ots Originaltext: AGRANA Beteiligungs-AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
AGRANA Beteiligungs-AG
Doris Schober
Investor Relations/Corporate Communications
Phone: +43-1-211 37-2084
e-mail: investor.relations@agrana.at

Branche: Food
ISIN:      AT0000603709
WKN:        779535
Index:    ATX Prime, WBI
Börsen:  Wiener Börse AG / official market

Original-Content von: AGRANA Beteiligungs-AG, übermittelt durch news aktuell

Alle Meldungen
Abonnieren Sie alle Meldungen von AGRANA Beteiligungs-AG
  • Druckversion
  • PDF-Version

Themen in dieser Meldung

Weitere Meldungen: AGRANA Beteiligungs-AG