Denmark: Aarhus Olie in a join venture deal with Astion

Article Abstract:

Danish Aarhus Oliefabrik A/S, the leading producer in the world of speciality fats, has entered into a joint venture deal with Astion A/S, the Danish pharmaceutical company, to develop new products based on shea nut for the treatment of rheumatoid arthritis and eczema. These products are expected to be ready within the next two years. After that the parties plan to sell patent rights to the products to one or more multinational pharmaceutical companies. According to Aarhus Oliefabrik's managing direction Erik Hojsholt, the new joint venture company, named BSP Pharma A/S, is expected to account for 25-30% of Aarhus Olie's combined turnover in the long term.

Joint ventures

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Denmark: US terrorist attacks affect Aarhus Olie

Article Abstract:

MD Erik Hojsholt of Aarhus Olie, the Danish producer of vegetable oils and speciality fats, says yesterday's terrorist attacks in the USA will have a negative effect on the operations at the group's plant in the USA - at least in the short term as the transport of goods to and away from the factory is not possible and because of the closing down of airline activities in the country. Aarhus Olie had a DKr4.6bn (US$554mn) turnover in 2000 and its US operations accounted for DKr800mn of this.

Foreign operations

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DENMARK: AARHUS OLIE'S INTERIM RESULTS

Article Abstract:

Aarhus Oliefabrik, the Danish speciality fats and oils producer, boosted turnover by DKr37mn to DKr1,113mn (US$135mn) in the first quarter of 2001 compared with the same period last year. Operating profit rose from DKr34mn to DKr55mn in the period. The company's results were negatively affected by low palm oil prices and lower earnings in the US.

Sales, profits & dividends, Vegetable oil mills, not elsewhere classified, Other Oilseed Processing, Animal and marine fats and oils, Palm Oil, Fish & Marine Oils, Rendering and Meat Byproduct Processing, Fish oils

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