DGAP-Media: KTG Agrar: Investments in organic farming paying off
(firmenpresse) - KTG Agrar AG / Environment
23.02.2010 07:52
Dissemination of a Media Release, transmitted by
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- Delivery of 6,000 tons of organic grain and organic potatoes
- Organic sector defies the crisis
Hamburg, 23 February 2010 - This year's BioFach fair, which was held in
Nuremberg from 17 to 20 February, again paid off for KTG Agrar AG. At the
leading event of the European organic sector, renowned organic food
manufacturers ordered a total of 6,000 tons of organic grain and organic
potatoes from the 2010/2011 harvest from the Hamburg-based agriculture
company. This represents an increase by 1,000 tons over the previous year.
'The consistent expansion of our organic farmland in recent years is now
paying off,' says Siegfried Hofreiter, CEO of KTG Agrar AG. 'Not only our
existing customers ordered more than in the previous year; we were also
able to convince new food producers of the high quality of our agricultural
products.'
KTG Agrar has cultivated organic food on a large scale since 1992, which
makes the company a pioneer in the industry. KTG Agrar specialises in food
crops such as grain, maize and rapeseed; at present, 12,000 hectares are
farmed to strict ecological standards. The company supplies customers in
Western Europe, who demand large quantities of consistently high quality.
KTG Agrar therefore invests not only in the expansion of its farmland but
also in new technology such as modern silos and drying facilities.
Siegfried Hofreiter: 'Thanks to state-of-the art production and storage
methods, we can guarantee the highest quality and product availability.
This makes us stand out clearly from Eastern European and Asian
competitors.'
In the past years, the sector's growth was exclusively driven by imports
from Eastern Europe and Asia, but now the trend is again towards local
production and, hence, top quality. In 2009, the German organic sector
reported a seven percent increase in sales revenues despite the crisis. KTG
Agrar expects the growth in the organic sector to continue throughout
Europe in the coming years. 'We are far from having tapped all product
groups,' says Siegfried Hofreiter. Organic meat and snacks, for instance,
are not yet available in all food stores. 'We will continue to expand our
organic farmland going forward, as agricultural commodities are the
limiting factor of our industry.'
About KTG Agrar:
With cultivable land of more than 29,000 hectares, KTG Agrar AG is one of
the leading producers of agricultural commodities in Europe. The
Hamburg-based company's core area of expertise is the organic and
traditional cultivation of market products such as cereals, maize and
rapeseed. KTG Agrar is the market leader for organic market products in
Germany, in terms of cultivable land area. The company has had a third
mainstay in the production of bioenergy. At present, KTG Agrar operates
biogas plants with a total electrical connection capacity of around eleven
megawatts. The company mainly produces in Germany but has also operated
production in the EU full member state of Lithuania since 2005. In the year
2008, KTG achieved a total output of EUR 49 million and EBIT of EUR 7.5
million. Since November 2007 the company is listed on the Frankfurt Stock
Exchange and currently has some 170 employees. Further information can be
found at www.ktg.ag.
Contact:
Investor Relations / Press
Fabian Lorenz
IR.on AG
Tel: +49 221 9140 - 976
E-Mail: fabian.lorenz(at)ir-on.com
23.02.2010 07:52 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: KTG Agrar AG
Ferdinandstr. 12
20095 Hamburg
Deutschland
Internet: www.ktg-agrar.de
End of News DGAP-Media
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Datum: 23.02.2010 - 07:52 Uhr
Sprache: Deutsch
News-ID 17093
Anzahl Zeichen: 0
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Kategorie:
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