June 02nd 2025
Green light for joint venture between AGRANA and INGREDION in Romania.
35 Million euros investment will expand starch capacity, increase cost efficiency and enhance competitiveness.
The planned joint venture between the food and industrial goods group AGRANA and the global supplier of ingredient solutions INGREDION (NYSE: INGR) obtained clearance for the transaction from all applicable international regulatory authorities, including the European antitrust body. In September 2024, AGRANA Stärke GmbH, a subsidiary of AGRANA Beteiligungs-AG, signed a joint venture agreement with INGREDION Germany GmbH for the joint development of starch production in Romania. Per the agreement, INGREDION Germany GmbH will acquire 49% of the shares of equity in the Romanian operating entity S.C. AGFD Țăndărei s.r.l. from AGRANA Stärke GmbH.
“We are pleased to expand the partnership between AGRANA and INGREDION through the joint venture. The joint investment aims to increase starch production capacities in Romania, enhance competitiveness and establish a foundation for higher sales volumes of our starch products. This is fully in line with our new Group strategy ‘Next Level’, which includes strengthening the commodity and specialty business as a central aspect,” explained AGRANA CEO Stephan Büttner.
“This is a step-change in our EMEA production capabilities that will allow us to meet the growing demand for texture solutions across Europe, Africa and the Middle East,” said Mike O’Riordan, Senior Vice President Texture & Healthful Solutions EMEA and APAC. “It will reduce our dependence on imports, improve control over our supply chain, and enable us to meet growing customer demand for texture solutions. Additionally, localized starch production will enhance our supply chain sustainability and reduce our carbon footprint.“
As part of the joint venture, AGRANA and INGREDION will jointly invest EUR 35 million in expanding the production in Țăndărei. Construction of the plant expansion is scheduled to start in June 2025. The project will take 2.5 years to complete, but the plant will start producing products in support of the joint venture immediately.
Source: https://ro.agrana.com/en/news/news-detail?news=2655&cHash=cc88bbb992fd4704d81ae688c078dab0