Nutreco is investing approximately EUR 20 million in a new factory in the Voronezh agricultural region in Russia. The plant will produce young animal feed, concentrates and premixes for ruminants, pigs and poultry. The plant is scheduled to become operational in the first half of 2012 and will employ 50 people. The investment will strengthen Nutreco's market position in Russia. Nutreco has currently a sales organisation in Russia with 140 employees. The sales are primarily based on imports.
Nutreco is one of the largest importers of young animal feed, concentrates and premixes in Russia. The investment is a logical next step and offers Nutreco a good opportunity for sustainable growth in one of the most important agricultural countries in the world. The development has been welcomed and supported by the local government.
A local production plant for young animal feed, concentrates and premixes in Russia, gives Nutreco opportunities to expand its product offerings and sales to the livestock industry in Russia. The new plant takes production close to the market, decreases the lead times and improves the cost position.
Frank Tielens, Nutreco Executive Vice-President Specialties: "The investment is fully in line with Nutreco's strategy to further strengthen the market positions in feed specialties in the main agricultural markets in the world and to focus on geographic regions with perspective of structural profitable growth. The Russian market is substantial in global terms and it is growing, with a key objective to become self sufficient. The new plant in Russia will contribute to achieving that objective."
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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 9,700 people in 30 countries, with sales in 80 countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam and with annual revenues of EUR 4.5 billion in 2009.
For more information:
Jurgen Pullens, Director Investor Relations and Corporate Communications, Nutreco
Telephone: +31 (0)33 422 6134
Mobile: +31 (0)6 5159 9483