Business areas, fourth quarter AAK Group, full year CEO’s comments 2022 was a solid year. With 21 percent operating profit growth and an improved operating profit per kilo, we delivered on our target of having an average EBIT growth of ∼10 percent. Adjusting for the positive effect from currencies and items affecting comparability, operating profit
AAK AB (publ.) has acquired 100 percent of the shares in Arani Agro Oil Industries Ltd. The acquisition aligns with AAK’s strategy to expand geographically and increase its market share in India’s high-value specialty oils and fats market. Arani operates out of Kakinada Port on the southeast coast of India. Over the coming years, AAK
With a business heritage of 150 years in food trade, AAK AB (publ.), renowned for its plant-based oils, has issued a senior unsecured bond for a total of SEK 800 million with a duration of 3 years. The bond carries a floating interest rate of 3 months STIBOR plus 165 basis points. The transaction generated
AAK, Chr. Hansen, Givaudan and Ingredion use MISTA’s curated collaboration effort to co-create a novel plant-based yogurt base that can improve speed to market Today, MISTA unleashed the power of its unique approach to collaboration by announcing the launch of its first member co-created product, a high performance, delicious tasting plant-based yogurt base that can help
AAK has decided to temporarily halt deliveries to, and sales in, Russia. Even though AAK is a supplier in the food sector, which is not subject to sanctions, it has become very difficult to secure compliance to sanctions related to logistics and trade flows as well as third parties. AAK has a sales office in
AAK AB (publ.) will invest SEK 500 million to install biomass boilers at its production plant in Aarhus, Denmark – an initiative that is expected to reduce the plant’s CO₂ emissions by approximately 90%. The installation will also generate substantial savings as fossil fuel will be replaced by shea meal, a by-product from the plant’s
Change in number of shares and votes in AAK AB (publ.)The long-term incentive program for employees (“Warrants Program series 2017/2022:2”)implemented at the annual general meeting on May 17, 2017 has resulted in the number of shares andvotes in the company having increased during December 2021 by 6,000 shares and votes, throughconversion of subscription warrants into
The Fi Europe Innovation Awards announced early this month goes to the following participants: AMEFT wishes a massive congratulations to the following businesses: Clean Label & Natural Innovation Award Bunge Loders Croklaan with Karibon Food Tech Innovation Award Chr. Hansen A/S with Next-generation FreshQ® Health Innovation Award NutriLeads with BeniCaros™ Plant-based Innovation Award DSM with Maxavor® Sensory Innovation Award AAK with AkoBisc GO!
A brand-new area dedicated to plant-based production technologies where you can sample prototypes, learn about naturally derived innovative ingredients and discover food processing solutions with plant-based formulations. This is the Innovative Food Experience organized in collaboration with HI-FOOD. The aim of this innovative area is to engage all key industry players in a dialogue by
Specialized in plant-based oils that are the value-adding ingredients in many of the products people love to consume, Sweden-based AAK has been making better happen for the last 150 years. AAK’s Interim report for the second quarter 2021 – record-high second quarter despite continued volatility and uncertainty. Report Highlights Total volumes increased by 14 percent,
AAK, India’s leading manufacturer of specialty oils and fats, has announced a new partnership with Vista Processed Foods Pvt Ltd, part of OSI group, to meet the country’s growing demand for plant-based meat alternatives. It is estimated that as many as 29% of people in India are vegetarian.1 There is also increasing interest in veganism and
