DSM Nutritional Products Signs Joint Venture Agreement in Tatarstan

Tatenergo and the Government of the Republic of Tatarstan will provide the maximum support to this project.The Prime Minister of the Republic of Tatarstan sees it as an important step towards reaching self-sufficiency in animal feed production for the Russian Federation.

DSM Nutritional Products Ltd. has signed a Letter of Intent with Tanergo JSC (Republic of Tatarstan) and the Government of the Republic of Tatarstan for the construction of a micronutrient premix plant for animal nutrition in the Republic of Tatarstan and the establishment of a Joint Venture.

DSM Nutritional Products will deploy its latest technology based on the experience of having built and operating 46 premix plants worldwide in the fields of Human and Animal Nutrition & Health as well as its long-lasting experience in service and provision of know-how as a leader in its industry. Tatenergo and the Government of the Republic of Tatarstan will provide the maximum support to this project.

Mr. Rustam N. Minnikhanov, The Prime Minister of the Republic of Tatarstan, lends his full support to this high priority project. He sees it as an important step towards reaching self-sufficiency in animal feed production for the Russian Federation.

Mr. Ilshat Sh. Fardiev, CEO of Tatenergo JSC, said: “DSM is a world leader in the field of life sciences and material sciences. We hope that this is a first step for a deep and long-lasting partnership.”

Leendert Staal, CEO and President of DSM Nutritional Products added: “This is an important step towards our strategic vision of growing our business in the Russian Federation. I’m very pleased and grateful for the support given by the Government of the Republic of Tatarstan, and I’m looking forward to an enduring and fruitful partnership.”

DSM Nutritional Products is the world's leading supplier of vitamins, carotenoids and other fine chemicals to the feed, food, pharmaceutical and personal care industries. The business has sales of over EUR 2 billion and a long tradition as a pioneer in the discovery of new products, new formulations and attractive applications for all industry segments.