16.09.2021 GEA Group Aktiengesellschaft  DE0006602006

DGAP-News: GEA Group Aktiengesellschaft: Wins one of the largest orders in the company's history in the growing 'New Food' market of the future


 

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Miscellaneous/Incoming Orders
GEA Group Aktiengesellschaft: Wins one of the largest orders in the company's history in the growing 'New Food' market of the future (news with additional features)

16.09.2021 / 10:01
The issuer is solely responsible for the content of this announcement.


GEA wins one of the largest orders in the company's history in the growing "New Food" market of the future

- Biotechnology customer Novozymes chooses GEA technology for a new functional protein plant in Nebraska, USA

- Order value well into the high double-digit million-euro range


Duesseldorf (Germany), September 16, 2021 - GEA is further expanding its market position in the dynamically growing new food market with one of the biggest orders in the company's history. Novozymes, the world's largest supplier of enzyme and microbial technologies headquartered in Denmark, has entrusted GEA with the turnkey fitting of a major new plant to produce plant-based proteins for the plant-based food industry. The volume of this order is well into the high double-digit million-euro range. Building the new factory in Nebraska, USA, will start later this year and is expected to be completed towards the end of 2023.

"The demand for foods that have a demonstrably lower environmental footprint than conventionally produced products is growing enormously," says GEA CEO Stefan Klebert. "With our technologies and experience in scaling industrial applications, GEA is ideally positioned to serve the new food market and thus contribute to our corporate purpose of 'engineering for a better world'," says Klebert. "We are pleased to partner with Novozymes in this strategic project."

For decades, Novozymes has been developing fermented catalytic (i.e. industrially produced) proteins - enzymes - that are the basis for many industrial applications. Only recently, the company announced its intention to invest DKK 2 billion in the growth market for functional proteins (advanced protein solutions) for the food industry. "This investment in a new, state-of-the-art production line in Blair, Nebraska, underscores our commitment to feeding the world sustainably and demonstrating the true strength of biotechnology," says COO & Executive Vice President Graziela Chaluppe dos Santos Malucelli, Novozymes.

The new plant covers the manufacturing steps from harvesting to separation of proteins. According to Heinz-Jürgen Kroner, Senior Vice President Liquid Technologies at GEA and responsible for the company's alternative foods business, both partners are united by their ability to build scalable, reliable, and highly efficient plant systems. "This project is exceptional in many respects. The intensive bidding phase saw us planning the production lines for the ingredients less than a year later. We now aim to implement the project at the same pace. The partnership is a very rewarding experience."

GEA will now construct the process systems, which include membrane filters, mixers, homogenizers, heat exchangers, pasteurizers and UHT units, cleaning and filling systems as well as the pump and valve technology. Installation will start mid-2022. The production capacity initially built can easily be expanded to multiply the capacity in the future as demand grows.

Media Relations:
Anne Putz
Peter-Müller-Str. 12, 40468 Düsseldorf, Germany
Phone +49 211 9136-1500
[email protected]

About GEA
GEA is one of the world's largest systems suppliers for the food, beverage and pharmaceutical sectors. The international industrial technology group specializes in machinery and plants as well as advanced process technology, components and comprehensive services. With more than 18,000 employees, the group generated revenue of more than EUR 4.6 billion in fiscal year 2020. A major focus is on continuously enhancing the sustainability and efficiency of customers' production processes. GEA plants, processes and components help achieve significant reductions in carbon emissions, plastic use and food waste in production worldwide. In this way, GEA makes a decisive contribution toward a sustainable future, fully in line with its corporate philosophy of "engineering for a better world."

GEA is listed in the German MDAX and the STOXX(R) Europe 600 Index and is also among the companies comprising the DAX 50 ESG and MSCI Global Sustainability Indices.

More information can be found online at www.gea.com

About Novozymes
Novozymes is the world leader in biological solutions. Together with customers, partners and the global community, Novozymes improves industrial performance while preserving the planet's resources and helping build better lives. As the world's largest provider of enzyme and microbial technologies, the company's bio-innovation enables higher agricultural yields, low-temperature washing, energy-efficient production, renewable fuels and many other benefits that we rely on both today and tomorrow. We call it Rethink Tomorrow. www.novozymes.com

 




Contact:
GEA Group Aktiengesellschaft
Phone +49 (0)211 9136 1081
Fax +49 (0)211 9136 31087
gea.com

Additional features:

File: GEA will build Novozymes' new plant to produce alternative products for the human nutrition turnkey. This order in the growing 'New Food' market is one of the largest orders in GEA's history.


16.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: GEA Group Aktiengesellschaft
Peter-Müller-Straße 12
40468 Düsseldorf
Germany
Phone: +49 (0)211 9136-0
Fax: +49 (0)211 9136-31087
E-mail: [email protected]
Internet: www.gea.com
ISIN: DE0006602006
WKN: 660200
Indices: MDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial Market in Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1233801

 
End of News DGAP News Service

1233801  16.09.2021 

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11.05.2021 17.08.2021 05.11.2021 04.03.2021
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