Ad-hoc | 12 May 2005 12:59
AGRANA Beteiligungs-AG: AGRANA has decided to begin bioethanol production.
Ad hoc announcement
AGRANA Beteiligungs-AG: AGRANA has decided to begin bioethanol production.
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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During its meeting on 12 May 2005, the Supervisory Board gave the go-ahead for
the construction of a bioethanol plant with an annual capacity of 200,000
cubic metres in Pischelsdorf, Lower Austria, at a cost of EUR 105 million.
The decision was made after Austria implemented the EU Biofuels Directive and
following examination of the profit potential of an ethanol plant and
assessment of various possible locations.
AGRANA Beteiligungs-AG
Donau-City-Straße 9 (Strabag-Haus)
1220 Wien
Austria
ISIN: AT0000603709
WKN: 060370
Listed: Amtlicher Handel in Wien
End of ad hoc announcement (c)DGAP 12.05.2005
121259 Mai 05