Agrana In Joint Venture Launch

Austrian company Agrana is set to strengthen its position in the Middle East with the construction of a plant in Egypt - the region's most populous market. Despite being a leading sugar producer, it is the firm's fruit for dairy products division that will be the focus of attention in the Middle East. Agrana plans to launch a joint venture (JV) company with Egypt's Nile Fruits over Q110 (calendar) with production expected to begin in Q4. Aligning with Nile Fruits - the largest independent fruit ingredients manufacturer in the Middle East - Agrana is targeting leading dairy companies in Egypt

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