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Agrana forays in wheat gluten market
14 March 2011: Agrana is investing Euro 56 million (approx Rs 348.88 crore) in a new wheat starch plant that will enable the company to enter the wheat gluten market for the first time.
The location of the site - at the company’s bioethanol plant in Pischelsdorf, Austria - was chosen in order to use synergies with the existing bioethanol plant. The introduction of wheat gluten to its portfolio will allow the company to help meet increasing demand for protein. The factory is set to produce 23,500 tonne of wheat starch to be used in bakery and pet food products. The unit will also turn out 1,07,000 tonne of wheat starch and 55,000 tonne of wheat bran which will cater mainly for the European market.
The investment will also provide another first for the company, allowing it to turn unused raw material constituents from the wheat gluten and starch it produces into biogenic fuel.
Source: Bakery and snacks