EANS-News: AGRANA starts production of fruit preparations in Japan CNE

Monday, 29. March 2021 10:47
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Mergers - Acquisitions - Takeovers/Company Information

Vienna - The fruit, starch and sugar group AGRANA is extending its presence in
Asia and acquiring the fruit preparations business of the local food producer
Taiyo Kagaku Co. Ltd. AGRANA Fruit Japan Ltd. will be starting with the
production of fruit preparations on 1 April and therefore now includes a fourth
Asian country in addition to China, India and South Korea. As the global leader
in fruit preparations, AGRANA now maintains 26 production sites in 20 countries.

The fruit preparations plant in question is located in Yokkaichi, in southern
Japan, around 100 km east of Osaka. From there it will supply customers in
Japan's bakery products sector as well as dairies and ice cream producers. Japan
has a constantly growing market for fruit preparations with a volume of around
60,000 metric tons and forecast annual growth of 2-3% a year.

"The acquisition of this Japanese fruit preparations plant from TAIYO is an
important step as part of our expansion in Asia. The growing Japanese market for
fruit preparations is characterised by high quality demands and innovations.
This ties in perfectly with our high quality standards and the innovative
direction as the global market leader in the fruit segment, where we satisfy the
needs of our customers with a wide portfolio - ranging from standard fruit
preparations for yoghurts and ice creams to premium-segment fruit solutions such
as sauces, condiments, fillings and smoothie bases," explains the CEO of AGRANA
Beteiligungs-AG, Johann Marihart.

Fruit preparations at AGRANA
AGRANA's fruit preparations contain top quality fruit which is either puréed or
diced and used in dairy products or in the ice cream and bakery products
industries. These products are individually designed by AGRANA on the basis of
close development-related collaborations with customers. In addition to fruit
preparations, AGRANA also offers innovative preparations with "brown flavours"
such as caramel, coffee or vanilla as well as so-called inclusions (e.g.
chocolate balls). In addition to the food processing industry, AGRANA also
supplies its fruit preparations to fast-food companies and food service
providers.

About AGRANA
AGRANA converts agricultural raw materials into high-quality foods and numerous
industrial intermediate products. Around 9,400 employees at 56 production sites
worldwide generate annual Group revenue of approximately EUR 2.5 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.

This announcement is available in German and English at www.agrana.com [https://
www.agrana.com/en].

Further inquiry note:
AGRANA Beteiligungs-AG

Mag.(FH) Hannes Haider
Investor Relations
Tel.: +43-1-211 37-12905
e-mail:hannes.haider@agrana.com

Mag.(FH) Markus Simak
Public Relations
Tel.: +43-1-211 37-12084
e-mail: markus.simak@agrana.com

end of announcement                         euro adhoc
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issuer:       AGRANA Beteiligungs-AG
              F.-W.-Raiffeisen-Platz  1
              A-1020 Wien
phone:        +43-1-21137-0
FAX:          +43-1-21137-12926
mail:         info.ab@agrana.com
WWW:          www.agrana.com
ISIN:         AT000AGRANA3
indexes:      WBI
stockmarkets: Berlin, Wien, Frankfurt, Stuttgart
language:     English

EAX0005    2021-03-29/10:47

Related Links: AGRANA Beteiligungs AG
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