AAK’s management for Asia relocates to Singapore
The management for AAK’s operations in Asia will as of September 1, 2015, relocate from Scandinavia to Singapore, where the company already has an office for its sourcing and trading activities.
“This relocation will allow us to even better pursue our global growth strategy and it will further strengthen our presence in the strategically very important Asian market”, says Torben Friis Lange, President AAK Asia. With an increased presence in Asia we will be able to better execute AAK’s unique customer co-development proposition in the region.”
As communicated earlier, AAK is currently constructing a speciality and semi-speciality edible oils factory in Zhangjiagang, China. The start-up of the factory is planned for the first half of 2016.
For further information, please contact:
Fredrik Nilsson
CFO
Phone: +46 40 627 83 34
Mobile: +46 708 95 22 21
Torben Friis Lange
President AAK Asia
Phone: +45 8730 6220
Mobile: +45 2199 8578
The information is that which AAK AB (publ.) is obliged to publish under the provisions of the Stock Exchange and Clearing Operations Act and/or the Trading in Financial Instruments Act. The information was released to the media for publication on August 17, 2015 at 3:00 p.m. CET.
AAK is one of the world’s leading producers of high value-added speciality vegetable oils and fats solutions. These oils and fats solutions are characterized by a high level of technological content and innovation. AAK’s solutions are used as substitute for butterfat and cocoa butter, trans-free and low saturated solutions but also addressing other needs of our customers. AAK has production facilities in Belgium, Colombia, Denmark, Mexico, the Netherlands, Sweden, Great Britain, Uruguay and the US. Further, AAK has customisation plants in Russia and Malaysia. The company is organized in three Business Areas; Food Ingredients, Chocolate & Confectionery Fats and Technical Products & Feed. AAK’s shares are traded on the NASDAQ OMX, Stockholm, within the Large Cap segment. Further information on AAK can be found on the company’s website www.aak.com.
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