AGRANA and INGREDION Secure Joint Venture in Romania

AGRANA and INGREDION have received regulatory approval to proceed with a joint venture in Romania. This partnership aims to boost starch production capacity, enhancing cost efficiency and competitiveness. A 35 million euros investment is planned to expand production at the Țăndărei site. Set to commence in June 2025, the expansion will take 2.5 years but will activate production immediately.

Under the agreement, INGREDION Germany GmbH will acquire a 49% stake in the Romanian entity S.C. AGFD Țăndărei s.r.l. This move aligns with AGRANA's 'Next Level' strategy, focusing on commodity and specialty businesses. The collaboration aims to localize production, lessening import dependency and improving supply chain sustainability.

The joint venture will enhance AGRANA's and INGREDION's ability to meet rising demand in Europe, Africa, and the Middle East, significantly impacting their market presence.