Austria’s Agrana wants to invest in Serbia

CEO of Austria’s Agrana Group, Johann Marihart said in Vienna yesterday that the group, which has an annual turnover of EUR 2.6 billion, would like to invest in Serbia.

At the the presentation of economic potentials of Vojvodina, he said that Agrana saw a great potential in sugar, starch and fruit industries.

– We are very interested, because Serbian agriculture is highly competitive. It occupies a good position in the global market, while it is free of genetically modified products – Marihart explained.

He pointed out that it was important that Serbia had access to the markets of the EU, Russia and other big countries. He also sees great potential for investments in the production of starch and bioethanol.

Marihart pointed out that the group’s investment requirements related to political stability, predictability, but also good economic climate created by the Serbian government.

– We do not invest in a country because it has low wages, only to relocate our investment to another country later on. Instead, we invest big in order to stay there long term – Marihart added.

To remind, Agrana has recently expressed interest in acquiring a stake in the Serbian sugar producer, Sunoko.

(eKapija, 12.12.2017)

This post is also available in: Italiano

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