The DLG Group continues its series of major projects in Denmark - this time with an investment in a new Vilofoss Premix and Nutrition plant to be built in Brædstrup in the country.
The investment was recently approved by DLG's board of directors and is the latest of several major projects that include the group's new headquarters in Fredericia, Denmark's largest grain terminal at Masnedø and a new logistics center in Taulov. All these sites are described as important elements of the DLG Group's strategy, "Leading the Way 2021," in which the focus is on creating growth and expanding DLG's position as one of Europe's leading agricultural companies.
"The Danish market is naturally an important part of our business. We mean it when we say that DLG must lead the way, and we are proud to once again announce a new, major project in Denmark. It is an investment in the future that will benefit our customers," said Kristian Hundebøll, group CEO of DLG.
With a revenue of close to kr.49 billion (US$7.3 billion) and over 6,000 employees, DLG is one of Denmark's largest companies. Premix and nutrition are one of the group's most profitable business areas, which is why the investment in the new Vilofoss plant is in line with the group's strategy.
Vilofoss, which is the main pillar of DLG's premix and nutrition business, has a revenue of kr.3 billion (US$448 million) and is one of the largest players in the European market for vitamins and minerals for livestock production. Jacob Holm, CEO of Vilofoss, is pleased that the DLG board of directors has approved the plans for the new investment.
"The new plant will be built in continuation of the existing Vilofoss plant in Brædstrup in Denmark, and we expect the construction to begin in 2020. When the plant is scheduled to be completed in 2022, it will be a state-of-the-art, highly automated 900 square meter plant with one production line that will have a capacity of 50,000 tonnes annually. In the long term, it will be possible to expand with yet another production line.
"This is an important step for Vilofoss' international and Danish business. The new factory will play a key role in ensuring growth, competitiveness in Denmark and profitability. All in all, it must ensure that we remain strong in the Danish market for the benefit of our customers and owners."
Visit Vilofoss at: www.vilofoss.com