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MARKET DEVELOPMENT

In 2007, the investment activity in the animal feed sector continued to develop favorably, with Eastern Europe, Russia, Asia, and Central and South America being the most active regions. The positive development was mainly driven by expansion projects of large international vertically integrated meat producers, as well as medium-sized regional companies.

Project activity in the aquatic feed industries also continued its strong development. In particular, South America and Asia have been very active markets, with projects focusing on both plant expansions and greenfield mills. The pet food industry also developed positively; the most active regions were Western and Southern Europe and South America.

The renewable energy sector showed very good project activity during the reporting period. The wood pelleting industry released several new projects for greenfield mills, as well as for the modernization of existing plants, both in Northern Europe and North America, as well as in the ‘new regions’ for wood pelleting: Southern Europe, South America, and Southeast Asia.