Nutreco enters joint venture in growth market Ukraine

(Thomson Reuters ONE) -


Second largest animal feed market in Eastern Europe

Nutreco announced today that it has signed an agreement to enter into a joint
venture with its existing experienced partners who have an extensive sales and
distribution network in Ukraine. Nutreco will take an initial 1/3rd share in the
company, Dutch Feed. This joint venture will allow Nutreco's premix & feed
specialties business, Trouw Nutrition International, a market leadership
position in a growing market.

Nutreco has been operating a sales office in Ukraine since 2006, and since 2011
has operated a feed specialties plant owned by Dutch Feed which will be
incorporated in the joint venture.

Ukraine is the second largest animal feed market in Eastern Europe after Russia.
Its feed market has been growing strongly and is expected to continue to grow by
5-10% per year. Ukraine is a leading cereal producer and the country is expected
to become an important meat supplier to Europe.

Dutch Feed had revenues in 2012 of approximately ? 15 million. The joint venture
has one feed specialties plant in the Vinnytsya region of Ukraine. It produced
around 20,000 tonnes of concentrates and young animal feeds in 2012 and is
expected to increase its production to 30,000 tonnes in 2013. Closing of the
transaction is subject to gaining regulatory approval from the Ukrainian
competition authority.

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Note to the editor (not for publication)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.

Ambition 2016
Nutreco's 'Ambition 2016 - driving sustainable growth' is to grow and improve
profitability by providing innovative and sustainable nutritional solutions for
its customers and is expected to result in an EBITA of ? 400 million by 2016.

This will be realised by focusing on a higher added value 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
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 10,000 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 ? 5.2 billion in 2012.

www.nutreco.com

For more information:
Jurgen Pullens, Director Investor Relations
Telephone:   +31 (0)33 422 6134
Mobile:        +31 (0)6 51 599 483
E-mail:         jurgen.pullens(at)nutreco.com

The full press releases in English and Dutch are attached in the pdfs below.


Nutreco gaat joint venture aan in groeimarkt Oekraïne:
http://hugin.info/133565/R/1724222/574737.pdf

Nutreco enters joint venture in growth market Ukraine:
http://hugin.info/133565/R/1724222/574736.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Nutreco via Thomson Reuters ONE
[HUG#1724222]

Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 22.08.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 289945
Anzahl Zeichen: 4314

contact information:
Town:

Amersfoort

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 170 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Nutreco enters joint venture in growth market Ukraine"
steht unter der journalistisch-redaktionellen Verantwortung von

Nutreco (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Aart Voets appointed as Managing Director Hendrix ...

Nutreco announced today that Mr Aart Voets (47) is appointed as Managing Director of the Business Unit Hendrix. Mr Aart Voets will start on 1 December 2009 and will report directly to Mr Jerry Vergeer, Executive Vice President Agriculture. Aart Voet ...

Nutreco receives approval for the acquisition of the animal nutrition business f ...

The European Commission anti-trust authorities in Brussels have granted Nutreco approval for the acquisition of the animal nutrition business of Cargill in Spain and Portugal. The agreement in principle was announced on 28 July 2009. The acquisition ...

Nutreco opens state-of-the-art feed specialties plant in Italy ...

Today Nutreco opens an advanced feed specialties production plant that features a high level of environmental responsibility. The plant is in Mozzecane, Italy, creating a single site for three brands of Nutreco: Trouw Nutrition and Farmix feed specia ...

Alle Meldungen von Nutreco