Nutreco is expanding its presence in Asia. With two new state-of-the-art plants in Vietnam (Ho Chi Minh City area) and Indonesia (East Java) and a remodel of its Chinese plant in Xiangtan (Hunan), Nutreco increases its focus on the production of premixes and farm minerals. The Vietnamese facility will be operational in the second quarter of 2014 and the plants in Indonesia and China in the first quarter of 2015.
The opening of Nutreco's fourth and fifth premix facility in Asia and the remodelling of the Xiangtan plant confirm the company's strategy of expanding its presence in growth geographies such as Asia. Nutreco is a global leader in animal nutrition and fish feed and has sound, long term growth prospects in the Asian market.
As existing premix facilities are running at full capacity, this creates a need for two additional plants. The expansion allows Nutreco to serve Vietnamese and Indonesian farmers and feed mills better through enhanced nutritional services and faster response times. Both plants will produce premixes and farm minerals and in Vietnam also young animal feed concentrates will be produced. The plant in Xiangtan was constructed in 1999 and designed primarily as a compound feed facility. Nutreco is carrying out a complete remodel of the site to meet the growing demand for high quality, sustainable animal nutrition products in Central and Southern China. The production will shift from compound feed to premixes, farm minerals, piglet feed and feed additives.
The total investment amounts to 15 million euro and is part of Nutreco's strategy 'Driving sustainable growth', which is about growing and improving profitability by providing innovative and sustainable nutritional solutions. This will be realised by focusing on a higher value added portfolio and by expanding into the growth geographies of Latin America, Russia, Asia and Africa.
END OF PRESS RELEASE
Note to the editor (not for publication)
This press release is also published in Dutch. In the event of differences, the English language version shall prevail as the authoritative version.
Driving sustainable growth
Nutreco's strategy 'Driving sustainable growth' is to grow and improve profitability by providing innovative and sustainable nutritional solutions for its customers. This will be realised by focusing on a higher value-added portfolio of nutritional solutions such as premixes, feed specialties and fish feed, and by expanding into the growth geographies of Latin America, Russia, Asia and Africa, which will see the largest increases in both production and consumption of animal protein food products.
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and experience for building its future. Nutreco employs approximately 7,500 people in 30 countries, with sales in 80 countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam and reported annual revenue of € 3.9 billion in 2013.
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The full press releases in English and Dutch are attached in the pdfs below.
Nutreco investeert in Aziatische markt
Nutreco expands in Asia
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Source: Nutreco via Globenewswire