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Agrana opens additional facility at the corn starch millin Aschach an der Donau (Upper Austria)

Published: October 11, 2017; 11:22 · (FriedlNews)

Agrana opened a new facility at its corn starch mill in Aschach an der Donau in Upper Austria. Following the investment of around EUR 80 million, AGRANA has increased its processing capacity at the plant by a third to 540,000 tonnes of corn per year. The additional capacity has also created 25 new jobs in the region.

Corporate news transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is responsible for the content of this announcement.

Plant Openings/Company Information

Vienna - Today, Agrana opened a new facility at its corn starch mill in Aschach
an der Donau in Upper Austria. Following the investment of around EUR 80
million, AGRANA has increased its processing capacity at the plant by a third to
540,000 tonnes of corn per year. The additional capacity has also created 25 new
jobs in the region.

The Aschach site processes corn to make high-quality products for downstream
processing industries. Corn starch is used, on the one hand, mainly in technical
applications (such as in the paper, cosmetic and construction industries) and,
on the other, in the food industry, e.g. in the production of noodles and bakery
products. As a whole, AGRANA processes the commodities corn, potatoes and wheat
to make starches at five production sites in Europe and sells 2.5 million tonnes
of starch-based products to 2,000 customers worldwide operating in over 20
different sectors.

Specialities strategy
AGRANA relies on a speciality-based strategy in the starch market: "Although our
starch mills are smaller than those of US competitors, this makes it easier to
flexibly manufacture speciality products. We exploit our expertise to focus on
speciality starches, e.g. for clean label starches which have not been
chemically modified, and therefore have invested in boosting capacity and value-
adding technologies here in Aschach. We are also increasingly processing special
corn varieties here, such as waxy corn, and play a leading role in terms of
organic and GMO-free starches for the food industry," highlights AGRANA CEO
Johann Marihart.

Development of Aschach site
This facility opened in 1936 as a potato starch mill. In 1958, the site was
converted into a corn starch mill with a milling capacity of 60 tonnes of corn
per day. The plant has been repeatedly expanded since 1984, particularly since
Austria joined the EU. The preceding development phase took place in 2006/2007
and focused mainly on the modernisation of infrastructure and more effective
environmental protection. Production takes place year-round and mainly involves
operating in four shifts. 280 personnel at the Aschach site ensure that the
various processes are performed efficiently.

About AGRANA
AGRANA adds value to agricultural commodities to produce top quality foodstuffs
and numerous industrial upstream products. Around 8,600 personnel working at 55
production facilities worldwide generate consolidated revenues of around EUR 2.6
billion. The Group was founded in 1988 and is today the leading sugar company in
Central and Eastern Europe as well as being a key producer, in the Starch
segment, of special products and bioethanol in Europe. In addition, AGRANA is
the global leader in fruit preparations and a major producer of fruit juice
concentrates in Europe.

Today at 12 a.m. a picture + caption of the ceremonial opening with the
Provincial Governor of Upper Austria Thomas Stelzer will be available at https:/
/1drv.ms/f/s!AtIzW1NiHTSXg7AB16V-Yjzfro3w4g [https://1drv.ms/f/
s!AtIzW1NiHTSXg7AB16V-Yjzfro3w4g]

This press release is available in German and English at www.agrana.com [http://
www.agrana.com/].

Further inquiry note:
AGRANA Beteiligungs-AG

Markus Simak
PR Manager
Tel.: +43-1-211 37-12084
e-mail: markus.simak@agrana.com

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Pictures with Announcement:
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http://resources.euroadhoc.com/images/2118/5/10063804/Werkszubau_Maisstärkefabrik_Aschach_fotocredit_AGRANA.jpg

issuer: AGRANA Beteiligungs-AG
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
phone: +43-1-21137-0
FAX: +43-1-21137-12926
mail: info.ab@agrana.com
WWW: www.agrana.com
ISIN: AT0000603709
indexes: WBI
stockmarkets: Berlin, Frankfurt, Wien, Stuttgart
language: English

Digital press kit: http://www.ots.at/pressemappe/4/aom

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