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Spolchemie makes capital investment into New multinational biofuels producer formed; Setuza will also be a part The group of companies that make up the Via Chem Group signed an extensive co-operation agreement with the top German biofuels producer, Campa AG. The aim of the agreement is to set up long-term strategic co-operation between Spolchemie and Setuza and their German partners. The first item in the co-operation agreement is a capital deposit to be made by the Ústí-based chemical company, Spolchemie, into Campa AG. Through a capital increase valued at 10 million EUR, Spolchemie will gain a 25% stake in Campa AG. „With this investment we have insured long-term deliveries of glycerine for Spolchemie,“ comments general director for Spolchemie and Setuza, Martin Procházka. Spolchemie is the third largest producer of epoxides on the European market. Spolchemie uses glycerine, which is created is formed as a by-product from biofuel production, during epoxide manufacturing processes. During this year, in fact, the company launched a unique, globally-patented technology for the production of epichlorohydrine. This substance replaces petroleum products by renewable energy sources during the epoxide production process. The Via Chem Group – Campa AG agreement also includes provisions for integration of the Ústí-based food manufacturing company, Setuza, into the joint Czech-German holding. The will result in the formation of a multinational biofuels producer and oilseeds processor with production capacity in Bavaria’s Straubing, Ústí nad Labem and Olomouc. „The merger will strengthen our position on both the Czech and German markets. It will bring purchase of raw materials, production and sale all under one roof. Setuza will thus become part of a multinational project with all relevant benefits that stem from such co-operation,“ continued Martin Procházka. Via Chem Group and Campa AG will both have a 50% stake in the joint venture. Setuza owns technology for production of 150.000 tonnes of biofuels. Campa also has similar capacity in its Straubing plant. Within two year’s time it increases this capacity to 350.000 tonnes. The joint venture, with a combined capacity of 500.000 tonnes, will be the top biofuels producer in the entire region. Jan Sotona |
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Ladies and Gentlemen, Welcome to the pages of the food and chemicals producing company SETUZA a.s. We have prepared a complete overview of all business activities of our company, which is the largest oil seed processing company and the dominant producer of edible plant oils and fats on the Czech market. The rich history of the company dates back to 1848 when Georg Schicht, a farmer and butcher of Rynoltice near Liberec, obtained a trade licence to produce soap. Thanks to the acquisitions of 2000 (purchase of former MILO plants in Olomouc, SETUZA a.s. is now active not only in Ústí nad Labem but also in Olomouc, Mydlovary near České Budějovice and in Prague, the seat of the company headquarters. Our assortment of cosmetics and cleansers now comprises toilet and washing soaps, washing powder and alcohol cosmetics. The dominant food products are plant oils, fats and margarine. A wide line of technical products is mainly supplied to further industrial use. Our main strategy is production and sales. This is reflected in the corresponding investment, either planned or performed. At the end of the last year we have set on trial operation a new 500.000-CZK technology for processing oil seeds. Other investment in similar amount id prepared in the field of oleochemical production, innovation is under way in the department of cosmetics and cleansing products. We are currently expanding to international markets. SETUZA a.s. was granted an investment incentive by the Ministry of Industry and Trade of the Czech Republic in 2001 in the form of income tax reduction. The following five year the company will save a total amount of CZK 140.330. The quality job done by nearly 800 employees is evidenced by the successful obtaining of ISO 9002 quality certificate and also of the ISO 14001 certificate of environment protection compliance. We are proud to say that these are two of many steps towards the integration of SETUZA a.s. into the European Union structures. |
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