AGRANA: processing campaign starts at Austrian starch mills

EQS-Media / 31.08.2022 / 12:51 CET/CEST

   AGRANA: processing campaign starts at Austrian starch mills

   Wet corn processing reduces costs for farmers in times of exploding energy
   prices
    

   The processing campaigns have started at AGRANA’s three starch factories
   in Austria. The AGRANA plant in Gmünd (Lower Austria) began receiving
   shipments of starch potatoes on 29 August. The quantity of potatoes
   delivered will be lower than in the prior year due to lower contracted
   volumes and below-average forecast harvests as a result of the dry period.
   The starch content of the potatoes supplied is currently above average at
   20 % (prior year: 18.5 %). The starch potato campaigns will be concluded
   in the second half of December.

   Wet corn processing also started at the beginning of this week at both
   AGRANA sites in Austria, namely at Aschach/Donau (Upper Austria) and
   Pischelsdorf (Lower Austria). The wet corn campaigns are expected to last
   until mid-December. This will be followed by a switch back to the use of
   dry corn. The immediate processing of the freshly-harvested corn protects
   the environment since energy-intensive drying is not necessary. In 2021,
   the processing volume of wet corn at the plants in Aschach/Donau and
   Pischelsdorf amounted to around 230,000 metric tons. This led to savings
   of over six million litres of fuel oil for the drying processes. Besides
   the environmental advantage, wet corn also enables farmers to achieve a
   higher gross margin compared to dry corn since the drying costs,
   particularly in times of exploding energy prices, are not incurred. A
   total of around 500,000 metric tons of corn – increasingly also special
   corn varieties such as waxy and organic corn – are processed annually at
   the Aschach site.

    

    About AGRANA

   AGRANA converts agricultural raw materials into high-quality foods and
   numerous industrial intermediate products. Around 9,000 employees at 55
   production sites worldwide generate annual Group revenue of approximately
   € 2.9 billion. Established in 1988, the company is the world’s market
   leader in fruit preparations and the leading producer of fruit juice
   concentrates in Europe. In addition, its Starch segment is also a major
   manufacturer of custom starch products (made from potato, corn and wheat)
   and of bioethanol. AGRANA is the leading sugar producer in Central and
   Eastern Europe.

   For queries, please contact:
   Markus Simak
   Public Relations
   +43 1 21137 12084
   [1]markus.simak@agrana.com

   Hannes Haider
   Investor Relations
   +43 1 21137 12905
   [2]hannes.haider@agrana.com

    

   This announcement is available in German and English at [3]www.agrana.com.

    

   End of Media Release

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   Issuer: AGRANA Beteiligungs-Aktiengesellschaft
   Key word(s): Industry

   31.08.2022 CET/CEST This Press Release was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   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: 1432265


    
   End of News EQS Media


   1432265  31.08.2022 CET/CEST

References

   Visible links
   1. mailto:markus.simak@agrana.com
   2. mailto:hannes.haider@agrana.com
   3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=1e9fc8e25cf59422832045870b8bd971&application_id=1432265&site_id=apa_ots_austria&application_name=news

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