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


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.


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

Hannes Haider
Investor Relations
+43 1 21137 12905


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.


Language: English
Company: AGRANA Beteiligungs-Aktiengesellschaft
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
Phone: +43-1-21137-0
Fax: +43-1-21137-12926
E-mail: investor.relations@agrana.com
Internet: www.agrana.com
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


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