ADISSEO RESULTS Following the release of strong Q4 figures Jean-Marc Dublanc, CEO of Adisseo, said: “We are thrilled to present our better-than expectation performance for 2017. The competitive landscape in 2017 was challenging with new comers and new capacities from existing players coming into the market. Thanks to the effective implementation of a customer-oriented business value, our ‘two business-pillar’ strategy as well as our excellent operational performance combined with rigorous cost control initiatives, we successfully maintained our profitability and consolidated our market leadership.” The headline figures for 2017 were: Operating revenue CNY10.4 billion +5% vs budget Net profit contributed to shareholders: CNY 1.32 billion +14% vs. budget Free cash flow CNY25 billion Figures for Q4 2017 were: Q4 2017 operating revenue: +7% vs Q4 2016 Q4 2017 net profit: + 29% vs Q4 2016 Free cash flow: CNY9 billion The proposed dividend to shareholders


is CNY1.73 per 10 shares, representing a pay-out of 35% of 2017 net profit contributed to shareholders.


I B E ROAME R ICAN SWINE NUTRITION ROUNDTABLE EVENT TACKLES COMPLEX SOW AND


PIGLET ISSUES Novus International Hosts Second Inter- Continental Collaborative Forum The second Iberoamerican Swine Nutrition Roundtable, hosted by Novus International, Inc., brought together swine experts from Europe and Latin America to discuss the various challenges facing swine nutrition, specifically feeding sows for more productive offspring (epigenetics) and alternatives to antibiotic use. Held April 4-6 in Sitges, Spain, more


than 50 swine professionals participated including swine nutritionists, academics and researchers from various segments of animal nutrition. At this forum, selected swine experts shared information regarding their respective regions (representing countries from Colombia to France), as well as the global swine industry. This year, the three- day event encouraged even more open, in-depth discussion of ideas brought up by each presentation. These discussions focused on nutrition as a tool to improve progeny and overcome the challenges of hyperprolific sows and early piglet development as well as best practices for managing health in a changing global market (regulatory changes, consumer preference changes, etc.). Participants left with a more specific picture of each region’s challenges as well the opportunities for collaborative work and inspiration for


innovation. The event also included a visit to the


unique Albesa Ramadera pig farm in Lleida, Spain to further inspire innovative thought. This facility is focused on testing new technologies and creating a more efficient and more advanced swine production industry by sharing its findings and work with the public.


REGIONAL FINALISTS FOR THE ALLTECH YOUNG SCIENTIST


AWARDS In a few short weeks, agriscience students from colleges and universities around the world will compete at the highest level for the chance to be rewarded for their innovative research. The global regional finalists have been selected for the 2018 Alltech Young Scientist (AYS) program, the world’s largest agriscience competition for university students. Now in its 13th


year, the


program’s pool of nominees represents 83 universities from 28 countries. The regional finalists will attend AYS


Discovery Week, held in conjunction with ONE: The Alltech Ideas Conference (ONE18), May 20–22 in Lexington, Kentucky, to present their research to a panel of international judges. They will also have leadership building, career mentorship and networking opportunities. The prizes include a fully funded Ph.D. position for the global undergraduate winner as well as $5,000 USD, and a fully funded postdoctoral position and $10,000 USD for the global graduate winner.


ADISSEO AND SEVENTURE PA R T N E R S A N NOU N C E €24M FIRST CLOSE OF AVF, A NEW FUND DEDICATED TO INNOVATIVE ANIMAL HEALTH


AND NUTRITION Seventure Partners, one of Europe’s leaders in financing innovation and a world-leader in Life science microbiome investment, has announced that it has launched AVF, the innovative venture capital fund, targeted at supporting companies in the field of animal health, feed and nutrition. The first close of AVF at €24m, is corner stoned by Adisseo, an industry leader in the animal feed sector. At a global level, AVF’s investment


strategy focuses on two segments at the forefront of the modern agricultural and livestock revolution: animal health, feed and nutrition and digital technologies serving the livestock industry. Within the animal health sector, food


digestibility, its nutritional value and energy potential, and the traceability of the entire animal food chain are major opportunities, as well as addressing the challenges around limiting the environmental footprint of the


industry. In addition to the animal health and


nutrition sector, the digital agricultural technology field has seen exponential growth, partly driven by climate change and scarcity in resources and biodiversity, as well as heightened pressure from increasingly demanding consumers. AVF will also finance digital innovations applied to the livestock value chain, such as smart breeding and diagnosis, control and traceability tools. AVF will primarily invest in innovative


companies in Europe, North America and Israel, but will also be open to strong investment proposals from other geographies, including Asia. Jean-Marc Dublanc, CEO of Adisseo,


stated: “With AVF, our goal is to invest in strategic collaborations combining the agility of start-ups with Adisseo’s expertise. As such, Seventure was a natural partner of choice and we are pleased to become a strategic investor in AVF.”


AB AGRI NAMED ONE OF THE


UK’S BEST WORKPLACES AB Agri Limited has been recognised as one of the UK’s Best Workplaces in the latest Great Place to Work survey. It came 34th in the large category (500-plus employees) in the annual Best Workplaces ranking announced last night. The prestigious Best Workplaces awards,


organised by workplace culture consultancy Great Place to Work UK, enable organisations to celebrate their achievements, build their employer branding and inspire others to take action. The award recognises the strength


of leadership and the range of innovative, creative and effective people focused practices that create a successful workplace culture. José Nobre, AB Agri chief executive,


said: “AB Agri is unique, our businesses operate across the entire food supply chain – from farm to fork. Our people are 100% committed to influencing and improving food production, so that what we eat, and what we feed our families, is produced safely and sustainably. Our culture is built around these core shared values. “Our commitment to upholding these


values, and encouraging our colleagues’ passion for our industry, creates the foundation for our Best Workplaces culture. “Our people are responsible for creating


our culture and this award is a testament to them and their ongoing commitment to ensure AB Agri is a great place to work. “I’d like to take this opportunity to thank


all our colleagues for their commitment to the company and to our customers.”


FEED COMPOUNDER MAY/JUNE 2018 PAGE 57


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