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.
To subscribe to the free AllAboutFeed
newsletter click here.
To comment, login here
Or register to be able to comment.