Nutreco enters joint venture with Dutch Feed in Ukraine
Nutreco announced that it has signed an agreement to enter into a joint venture with its existing experienced partners who have an extensive sales and distribution network in Ukraine, reported local media Soya News info citing the representatives of the Trouw Nutrition – the feed producing department of Nutreco.
It is assumed that the deal will let Trouw Nutrition become a market leader in compound feed production in the next coming years.
According to the agreement Nutreco will take an initial 1/3 share in the company, Dutch Feed. “This joint venture will allow Nutreco's premix & feed specialties business, Trouw Nutrition International, a market leadership position in a growing market.
Nutreco has operated a sales office in Ukraine since 2006. And in 2011 operated a new feed mill owned by Dutch Feed, this feed mill will be incorporated as part of the joint venture” – says the report.
The market of feed production in Ukraine is currently one of the fastest growing in Europe with the average level of growth at 5-10% forecasted for the coming years.
The Trouw Nutrition feed mill produces animal feed concentrates and compound feeds and is located in Kordelivka (Kalynivsky district, Vinnytsya region).
To comment, login here
Or register to be able to comment.