The investment in the plant, which was recently approved by DLG’s board of directors, is the latest of several major projects that include the new headquarters in Fredericia, Denmark’s largest grain terminal at Masnedø and a new logistics center in Taulov. All are important parts of the group’s strategy, Leading the Way 2021, where the focus is on creating growth and expanding DLG’s position as one of Europe’s leading agricultural companies.
“We are owned by Danish farmers, and the Danish market is therefore naturally an important part of our business. We mean it when we say that DLG must lead the way, and we are proud to once again announce a new, major project in Denmark. It is an investment in the future that will benefit our customers,” says Kristian Hundebøll, group CEO of DLG.
With a revenue of close to DKK49 billion (US$7.32 billion) and more than 6,000 employees, DLG is one of Denmark’s largest companies. Premix and nutrition are one of the group’s most profitable business areas, which is why the investment in the new plant is in line with the group’s mission to create value for the Danish farmers who own DLG.
Vilofoss, which is the main pillar of DLG’s premix and nutrition business, has a revenue of DKK3 billion and is one of the largest players in the European market for vitamins and minerals for livestock production.
The new plant will be built in continuation of the existing Vilofoss plant in Brædstrup, and construction is expected to begin in 2020. When the plant is scheduled to be completed in 2022, it will be a state-of-the-art, highly automated 900 square meter plant with one production line that will have a capacity of 50,000 tons annually. In the long term, it will be possible to expand with yet another production line.
Jacob Holm, CEO of Vilofoss, is pleased that the DLG Board of Directors has approved the plans for the new investment.
“This is an important step for Vilofoss’ Danish business. The new factory will play a key role in ensuring growth, competitiveness in Denmark and profitability. All in all, it must ensure that we remain strong in the Danish market for the benefit of our customers and owners,” he said.