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Here you can find information about Viro sugar factory business activities.

For further information please contact:
Ana Smoljo 
tel: +385 1 4500 222
e-mail: press@secerana.hr

Press

Shareholders’ General Assembly of Viro and Sladorana held

Virovitica, August 26, 2009 – General Assembly of Viro sugar factory adopted the 2008 Management Board report and Supervisory Board report on performed inspection

In addition to this, the decision about allocation of profit realized in 2008 (HRK 2,352,484.00) was adopted. General Assembly approved Viro sugar factory to purchase its own shares from withheld profit, under condition that the largest total number of shares amounts to a maximum 10 percent of company equity. This approval will expire 18 months from the day of decision adoption.

Despite recession, Viro continued with investments in increase of capacities and optimization of energy costs. Final preparations for the beginning of campaign for refinement of sugar beet in Županja and Virovitica are in progress. Manufacturing of 150,000 tons of sugar is expected by the end of 2009.

General Assembly of Sladorana Županja was held yesterday, for the first time after the company was privatized. New Supervisory Board was elected; Davor Miličević was appointed president, while Boris Šimunović, Dražen Robić and Jakša Marić are new members. Also, some necessary decisions were adopted in order for equity increase of the company to be completed by the end of 2009.

According to the agreement with Croatian Privatization Fund, some of the planned investments in Sladorana are completed. APRO company from Germany is hired to prepare factory’s reconstruction project. With completion of investment projects, increase of sugar quality in accordance to European market is assured, as well as the introduction of HACCP standards. Sladorana now has the possibility to increase refinement of sugar beet to around 6,000 tons and to manufacture 1,000 tons of sugar per day. After investments in molasses storage, conditions for the increase of ethyl alcohol manufacturing are secured.

Due to large interest of stock breeders in increase of quantity of milk and milk fat, Sladorana is developing a whole new product – animal feedingstuffs based on increased ratio of high protein content from molasses. The new Sladorana product is manufactured according to English license. It is expected it would contribute to the increase of daily milk quantity by 2 liters per dairy cow and increase of milk fat by 0.6 - 0.8 percent, which is extremely important for milk quality and milk industry, as well as for competitiveness of our milk manufacturers.

Contact:
Ana Smoljo Josić
Tel. 01/ 4500 222, Fax. 01/ 4557 218
E-mail: ana.smoljo@secerana.hr