AGRANA expands production capacity for technical starches and invests € 23 million at Gmünd site

EQS-Media / 11.05.2023 / 10:15 CET/CEST

   AGRANA expands production capacity for technical starches and invests € 23
   million at Gmünd site

   This year, the fruit, starch and sugar group AGRANA is starting with the
   construction of an additional drum drying plant at the site of its potato
   starch mill in Gmünd (Waldviertel District of Lower Austria). With an
   investment volume of € 23 million, AGRANA aims to boost the production of
   technical special starches for the construction and adhesive sectors. The
   plan is to complete the new plant in July 2025 and, as a result, increase
   the production capacity of technical starches by a third.

   “Due to legal requirements, technical sectors are increasingly relying on
   organic materials and, therefore, selecting starches as a sustainable
   alternative to oil-based products. The expansion of our facility is in
   response to this rising demand and safeguards the competitiveness of the
   Gmünd site,” stresses Norbert Harringer, CTO of AGRANA Beteiligungs-AG. In
   Europe, AGRANA is the market leader in both technical and organic
   starches.

    

   About AGRANA Gmünd

   At Austria’s only potato starch mill, with a workforce of around 420
   AGRANA manufactures both starches for the food sector as well as starches
   for technical applications, such as in the construction, cosmetics and
   pharmaceuticals industries. The facility in Gmünd also processes organic
   potatoes to make organic starches, organic sweeteners and organic
   long-life potato products, such as purées, potato dough mixes and infant
   formula. In total, AGRANA manufactures over 300 different starch products
   at its mill in Gmünd.

    

   About AGRANA Starch

   With a total of five mills, of which three are located in Austria, in
   Aschach/Donau, Gmünd and Pischelsdorf, and a further two in Szabadegyhaza
   (Hungary) and Tandarei (Romania), AGRANA has established itself as a
   specialist for customised starch applications.

    

   Technical starches in the construction material and adhesives sectors

   In the construction chemicals sector, starches from AGRANA provide for the
   right consistency not only with starch ether for gypsum and slaked lime
   but also in cement and slaked cement construction materials. Due to their
   excellent adhesive properties, AGRANA starches are used in the adhesives
   industry as an alternative to synthetic adhesives and are referred to as
   green glues.

   About AGRANA

   AGRANA converts agricultural raw materials into high-quality foods and
   numerous industrial intermediate products. Around 9,000 employees at 55
   production facilities worldwide generate annual Group revenue of
   approximately € 3.6 billion. The Group was founded in 1988, is the global
   leader in fruit preparations and also a major producer of fruit juice
   concentrates in Europe as well as being a key manufacturer of customised
   potato, corn and wheat starch products in addition to organic ethanol in
   its Starch segment. AGRANA is one of the leading sugar companies 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 press release is available in German and English at
   [3]www.agrana.com.

    

    

   End of Media Release

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

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

   11.05.2023 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: 1630591


    
   End of News EQS Media


   1630591  11.05.2023 CET/CEST

References

   Visible links
   1. mailto:markus.simak@agrana.com
   2. mailto:hannes.haider@agrana.com
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