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GEA Group AG
Regulatory Filings • Dec 12, 2016
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Corporate | 12 December 2016 13:30
GEA Group Aktiengesellschaft: GEA awarded large-scale contract for nutritional powders plant in New Zealand
DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Incoming Orders
12.12.2016 / 13:30
The issuer is solely responsible for the content of this announcement.
GEA awarded large-scale contract for nutritional powders plant in New Zealand
Düsseldorf (Germany)/Gore (New Zealand), December 12, 2016 – GEA has been awarded a contract by Mataura Valley Milk Limited to construct a nutritional powders plant in McNab near to Gore in the south island of New Zealand. The plant will process fresh milk and ingredients into added value nutritional powders as well as standard skimmilk and wholemilk powders. The value of the order to GEA is a figure in the mid double-digit millions (EUR).
The new plant, expected to begin production for the 2018 season, will produce around 140 tonnes of nutritional powder per day. Included in the GEA scope is a milk reception and standardisation plant, powdered and liquid ingredients handling, batch formulation, evaporation and drying, powder handling and filling into 25kg bags. It will also feature a high degree of process automation and product traceability. Energy efficiency and environmental impact have also been a key focus in the plant design.
Mataura Valley Milk is majority-owned by Chinese Animal Husbandry Group (CAHG), a Chinese company. Roughly half of the premium nutritional powder produced by the new plant will be exported to China, where Mataura Valley Milk expects steady growth in demand for this product.
“This contract, which was long-awaited to win by GEA, serves as further proof of our technological leadership and strong market position in the field of dairy processing,” explains Jürg Oleas, CEO of GEA Group Aktiengesellschaft. “It also demonstrates the continuing investment appetite of our customers as they attempt to satisfy the growing consumer demand on the Chinese market for milk-based infant formula and other high-quality milk products – and that in an environment impacted by regulatory changes. Although the challenging economic conditions mean that GEA’s order intake in the fourth quarter of 2016 will not repeat the record level achieved in the same quarter of the previous year, we are confident that customers throughout the world will continue to invest in our process technologies and place major orders for all product areas and applications.”
Fig.: Green field at the Mataura Valley Milk factory in New Zealand, where GEA will build a nutritional powders plant. Copyright: Mataura Valley Milk
Corporate Media and Press:
Dr. Eva Breßler
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 (0)211 9136-1501
About Mataura Valley Milk
Mataura Valley Milk Limited focuses on producing milk and nutritional powders. It caters to infants, toddlers, and adults. The company was founded in 2008 and is based in Gore, New Zealand. Mataura Valley Milk operates as a subsidiary of China Animal Husbandry Industry Group.
About GEA
GEA is one of the largest suppliers for the food processing industry and a wide range of process industries that generated consolidated revenues of approximately EUR 4.6 billion in 2015. As an international technology group, the Company focuses on process technology and components for sophisticated production processes in various end-user markets. The Group generates more than 70 percent of its revenue in the food sector that enjoys long-term sustainable growth. As of September 30, 2016, the Company employed about 17,000 people worldwide. GEA is a market and technology leader in its business areas. The Company is listed in Germany’s MDAX (G1A, WKN 660 200). In addition, GEA’s share is a constituent of the MSCI Global Sustainability Indexes. Further information is available on the Internet at gea.com .
If you do not want to receive any further information from GEA, please send an email to [email protected] .
Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1492
Fax +49 (0)211 9136 31087
gea.com
12.12.2016 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | GEA Group Aktiengesellschaft |
| Peter-Müller-Straße 12 | |
| 40468 Düsseldorf | |
| Germany | |
| Phone: | +49 (0)211 9136-0 |
| Fax: | +49 (0)211 9136-31087 |
| E-mail: | [email protected] |
| Internet: | www.gea.com |
| ISIN: | DE0006602006 |
| WKN: | 660200 |
| Indices: | MDAX |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange |
| End of News | DGAP News Service |