February 12, 2010
Nutreco to strengthen market presence
Global animal nutrition company Nutreco will focus on new markets and enhance presence in current markets this year.
In 2010, Nutreco will focus on new regions and markets with perspective of structural profitable growth in countries like Brazil, China, Russia and Vietnam. Nutreco will also participate in the industry consolidation process in markets where the company has leading positions, such as Canada/North America, The Netherlands and Spain.
The company also plans to strengthen its global market positions in feed specialties and fish feed by organic growth and acquisitions. The company will develop new sustainable products and feed solutions, and expand its product portfolio to higher margin products.
Nutreco will also increase the investments in capacity expansion and plant optimisation related to volume growth and the acquisition of the compound feed plants that were acquired from Cargill in Spain and Portugal.
Nutreco also announced that its EBITA in the second half of 2009 reached EUR133.6 million (US$182.6 million), up 33.9% from the same period in the previous year.
Operating result for 2009 fell to EUR175.2 million (US$239.4 million); down 3.8% from 2008. Total revenue in 2009 was EUR4,511.7 million.