More than 25 million euros poured into Becej-based Sojaprotein new section

Sojaprotein

Victoria Group is finishing the construction of the section for production of traditional soy protein concentrate for animal feeding in Becej, where it poured more than 25 million euros, Zoran Mitrovic, the company General Manager said.

New section capacity is 70.000 tons and it is places in the Sojaprotein circle, the most modern factory for soy processing in the region with an annual capacity of 250.000 tons.

The General Manager, Mitrovic, pointed out that it was only a portion of funds Victoria Group owns its leading position in agro business in Serbiaand announced that the company would have more than 100 million euros of direct investments by the end of 2013.

-The end of 2014 should see the activation of two more investments currently running – section for production of functional soy protein concentrate in Becej-based Sojaprotein and Zrenjanin-based factory for production of starch and corn sugar – Mitrovic said for Agrar magazine.

Mitrovic reminded that in the beginning of this year Victoria Group invested some 17 million euros in construction of biomass boilers thus decreasing annual hazardous gas emission and fossil fuels consumption.

-In the next two years we will invest in providing overall energetic independence so that we could be able to generate energy by ourselves for our production, exactly from biomass – Mitrovic pointed out.

Mitrovic mentioned Victoria Group was the company with the biggest purchase of cultivating products in Serbia and that it was operating in line with the world standards with more than 40 countries on all continents. This company is also among top five biggest agro companies in the region.

-There are no unconquerable markets for us. The last figures clearly show Victoria Group had an income of more than half a billion euros, business profit of 54 million euros and a profit of 24 million euros – Mitrovic stressed out.

Mitrovic pointed out that the company income was still directed to investments into more efficient quality production processes in order to preserve the leading position.