Formal Signing Of JV Between DSM And Tatenergo
RUSSIA - DSM Nutritional Products, a subsidiary of Royal DSM in The Netherlands, the global Life Sciences and Materials Sciences Company, has signed a joint venture agreement with Tatenergo JSC for the construction of an Animal Nutrition & Health premix plant in the Republic of Tatarstan.
26 January 2010
2 minute read
This is another step confirming DSM’s commitment to expanding its worldwide presence in micronutrient premixes and business development in the Russian Federation.
Following an agreement announced in July 2009, DSM Nutritional Products and Tatenergo have now formalized the terms of cooperation to build a premix plant for Animal Nutrition & Health in the Republic of Tatarstan together. Construction work is due to start immediately; the opening of the plant is scheduled for early 2011.
DSM Nutritional Products’ contribution to the joint venture consists of its broad and long-standing know-how based on the largest premix network in the industry, operating 46 premix plants today. Tatenergo JSC sees the joint venture as a stepping stone into a long-term cooperation with the objective of reaching self-sufficiency in animal feed production for the Republic of Tatarstan as well as for the Russian Federation in general.
Mr Ilshat Sh. Fardiev, CEO of Tatenergo, said at the signing ceremony at DSM’s headquarters in Heerlen (NL), “Our partners’ leading technology and worldwide expertise with premixes offers us the opportunity of a state-of-the art solution for the growing needs of the industry as well as our population. We consider this as the start of a strategic partnership with the ultimate goal of introducing new state of the art methods and standards into agribusiness of Tatarstan. It will also leverage the role of Tatarstan as a supplier of feed and animal protein to the Russian Federation.”
Dr Leendert H. Staal, CEO and President of DSM Nutritional Products commented the signing, “Partnering with Tatenergo is a key step in the global expansion of our premix facilities. It fits perfectly with our strategic growth objective of business development in the Russian Federation.
We are committed to a long-term partnership and specifically grateful for the support offered to this project by the Government of Tatarstan and Prime Minister Mr Rustam N. Minnikhanov.”
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