Special Edition: Feed developments in the Middle East and Africa
Building bigger presence in MEA markets
Among the companies looking at developing or expanding a footprint throughout countries in the Middle East and Africa is Nutriad.
The company said it is developing networks and a larger presence in Jordan, Algeria, the Emirates, South Africa and Sudan, with its portfolio of feed additives aimed at improving palatability and supporting animal production in hot temperatures.
Archer Daniels Midland (ADM) also has taken an interest in the MEA region. In May this year, the company announced that it had agreed to buy a controlling interest in Industries Center, which trades corn byproducts and other grain products.
ADM said interest in the Israeli company stemmed from the ability to continue developing its footprint in the region. ADM also has a representative office that brings feed ingredients and grains to the market in Egypt and a 50-50 venture, ADM Medsofts, which offers commodity merchandising along with transportation and delivery services.
In July, Northern Ireland-based Devenish bought a stake in the Turkish premix company, Yem-Vit, as part of its effort to expand in the region.
The Turkish market is attractive and is considered to offer additional growth opportunities, said Devenish.