News 153 views last update:6 Aug 2012

Alltech profits up 20% in 2006

Alltech, today announced its end of year results for 2006. Revenue for the year-end was $303 million, up 20% from 2005.

The increase in profit is mainly due to the organic selenium product, Sel-Plex®, which recently received EU approval. In addition, the company's has built a new production facility in Brazil, with capacity to produce 50,000 tonnes of yeast annually.

Alltech is privately owned and has shown growth since its foundation in 1980. In 2004, the company sold its alcohol division which enables the company to fully focus on the animal feed business.

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