Ad-hoc | 9 October 2012 17:31
HOCHDORF Holding AG / Key word(s): Agreement
09.10.2012 17:31
Release of an ad hoc announcement pursuant to Art. 53 KR
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The HOCHDORF Group wins major new orders from China
Hochdorf, 9 October 2012 - HOCHDORF Nutricare AG, affiliated company of the
HOCHDORF Group, has signed supply agreements for the Chinese/Asian market
with two new partners. The agreements are for a potential supply of around
1,000 tonnes of infant formula annually
by 2015.
Around 17 million children come into the world every year in China - double
the entire Swiss population. There are 48 million children in China between
the ages of one and three, which is the market for infant formula and
infant foods. Around 46 billion RMB (approx. CHF 6.8 billion) of infant
formula was sold in China in 2011. An annual volume of 60 billion RMB is
anticipated by 2015, which corresponds with annual growth of 15%.
Negotiations with the two Asian companies were concluded recently. Both are
major companies who are established in this market and listed on the stock
exchange. Thanks to these new partners, the HOCHDORF Group is expecting
additional growth in China beyond the general market growth of 15%. «We are
focussing our export efforts on the rapidly growing regions of China/Asia,
South America and North Africa. We are close to agreeing further major
supply agreements,» said Damian Henzi, CEO of HOCHDORF Group.
Datong Coalmine Group Foreign Trade & Economic Cooperation Co., Ltd
A supply agreement has also been signed with Datong Coalmine Group Foreign
Trade & Economic Cooperation Co., Ltd, another significant partner in the
Chinese market. The company belongs to Datong Coal Mine Group, founded in
1949 and quoted on the Peking Stock Market, and currently employing over
200,000 workers. In the 2011 business year the group achieved a turnover of
104.9 billion RMB (approximately CHF 15.5 billion). HOCHDORF infant formula
will be sold under the Alpreen(R) brand from the distributor Beijing
Zhongrui Tiande International Trade Co., Ltd. The first sales are already
planned for this year.
Orient Europharma Co. Ltd.
Located in Taiwan, this company was founded in 1982 and is quoted on the
Taipei Stock Exchange, achieving a turnover for 2011 of approximately US$
125 million (CHF 117.4 million). In addition to the area of nutrition,
Orient Europharma is also active in the pharmaceutical/oncology and
cosmetics sectors. The company has subsidiaries in China, Hong Kong, the
Philippines, Malaysia, Singapore and Vietnam and employs a workforce of
over 700 staff. The HOCHDORF Group produces special infant formula for
Orient Europharma, such as hypoallergenic (HA) infant formula. These
products are sold under the Babecare(R) and Karihome(R) brands.
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Information and Explaination of the Issuer to this News:
The HOCHDORF Group, based in Hochdorf, achieved a consolidated gross
turnover of CHF 346.6 million in 2011. It is one of the leading foodstuff
companies in Switzerland, employing 361 staff as of 31.12.11 (338 full-time
staff). Made from natural ingredients such as milk and wheat germ, HOCHDORF
products have been contributing to our health and wellbeing since 1895 -
from babies to senior citizens. Its customers include the food industry and
retail sector. Our products are sold in 80 countries. The shares are traded
on the SIX Swiss Exchange (ISIN CH0024666528).
09.10.2012 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.
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Language: English
Company: HOCHDORF Holding AG
Siedereistrasse 9
6281 Hochdorf
Switzerland
Phone: +41 41 914 65 65
Fax: +41 41 914 66 66
E-mail: hochdorf@hochdorf.com
Internet: www.hochdorf.com
ISIN: CH0024666528
Swiss Security Number:
Listed: SIX
End of Announcement EquityStory News-Service
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