AGRANA: processing campaign starts at Austrian starch mills

EQS-Media / 31.08.2022 / 12:51 CET/CEST

AGRANA: processing campaign starts at Austrian starch mills

Wet corn processing reduces costs for farmers in times of exploding energy
prices
 

The processing campaigns have started at AGRANA’s three starch factories
in Austria. The AGRANA plant in Gmünd (Lower Austria) began receiving
shipments of starch potatoes on 29 August. The quantity of potatoes
delivered will be lower than in the prior year due to lower contracted
volumes and below-average forecast harvests as a result of the dry period.
The starch content of the potatoes supplied is currently above average at
20 % (prior year: 18.5 %). The starch potato campaigns will be concluded
in the second half of December.

Wet corn processing also started at the beginning of this week at both
AGRANA sites in Austria, namely at Aschach/Donau (Upper Austria) and
Pischelsdorf (Lower Austria). The wet corn campaigns are expected to last
until mid-December. This will be followed by a switch back to the use of
dry corn. The immediate processing of the freshly-harvested corn protects
the environment since energy-intensive drying is not necessary. In 2021,
the processing volume of wet corn at the plants in Aschach/Donau and
Pischelsdorf amounted to around 230,000 metric tons. This led to savings
of over six million litres of fuel oil for the drying processes. Besides
the environmental advantage, wet corn also enables farmers to achieve a
higher gross margin compared to dry corn since the drying costs,
particularly in times of exploding energy prices, are not incurred. A
total of around 500,000 metric tons of corn – increasingly also special
corn varieties such as waxy and organic corn – are processed annually at
the Aschach site.

 

 About AGRANA

AGRANA converts agricultural raw materials into high-quality foods and
numerous industrial intermediate products. Around 9,000 employees at 55
production sites worldwide generate annual Group revenue of approximately
€ 2.9 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.

For queries, please contact:
Markus Simak
Public Relations
+43 1 21137 12084
[1]markus.simak@agrana.com

Hannes Haider
Investor Relations
+43 1 21137 12905
[2]hannes.haider@agrana.com

 

This announcement is available in German and English at [3] www.agrana.com.

 

End of Media Release

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Issuer: AGRANA Beteiligungs-Aktiengesellschaft
Key word(s): Industry

31.08.2022 CET/CEST This Press Release was distributed by EQS Group AG.
www.eqs.com

══════════════════════════════════════════════════════════════════════════

Language: English
Company: AGRANA Beteiligungs-Aktiengesellschaft
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
Austria
Phone: +43-1-21137-0
Fax: +43-1-21137-12926
E-mail: investor.relations@agrana.com
Internet: www.agrana.com
ISIN: AT000AGRANA3
WKN: A2NB37
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 1432265

 
End of News EQS Media

1432265  31.08.2022 CET/CEST

References

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