GEA GROUP AG

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PRESS RELEASE : GEA Group Aktiengesellschaft: Wins one of the largest orders in the company's history in the growing 'New Food' market of the future

09/16/2021 | 04:03am

DGAP-News: GEA Group Aktiengesellschaft / Key word(s): Miscellaneous/Incoming Orders GEA Group Aktiengesellschaft: Wins one of the largest orders in the company's history in the growing 'New Food' market of the future (news with additional features) 2021-09-16 / 10:01 The issuer is solely responsible for the content of this announcement.

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GEA wins one of the largest orders in the company's history in the growing "New Food" market of the future

- Biotechnology customer Novozymes chooses GEA technology for a new functional protein plant in Nebraska, USA

- Order value well into the high double-digit million-euro range Duesseldorf (Germany), September 16, 2021 - GEA is further expanding its market position in the dynamically growing new food market with one of the biggest orders in the company's history. Novozymes, the world's largest supplier of enzyme and microbial technologies headquartered in Denmark, has entrusted GEA with the turnkey fitting of a major new plant to produce plant-based proteins for the plant-based food industry. The volume of this order is well into the high double-digit million-euro range. Building the new factory in Nebraska, USA, will start later this year and is expected to be completed towards the end of 2023.

"The demand for foods that have a demonstrably lower environmental footprint than conventionally produced products is growing enormously," says GEA CEO Stefan Klebert. "With our technologies and experience in scaling industrial applications, GEA is ideally positioned to serve the new food market and thus contribute to our corporate purpose of 'engineering for a better world'," says Klebert. "We are pleased to partner with Novozymes in this strategic project."

For decades, Novozymes has been developing fermented catalytic (i.e. industrially produced) proteins - enzymes - that are the basis for many industrial applications. Only recently, the company announced its intention to invest DKK 2 billion in the growth market for functional proteins (advanced protein solutions) for the food industry. "This investment in a new, state-of-the-art production line in Blair, Nebraska, underscores our commitment to feeding the world sustainably and demonstrating the true strength of biotechnology," says COO & Executive Vice President Graziela Chaluppe dos Santos Malucelli, Novozymes.

The new plant covers the manufacturing steps from harvesting to separation of proteins. According to Heinz-Jürgen Kroner, Senior Vice President Liquid Technologies at GEA and responsible for the company's alternative foods business, both partners are united by their ability to build scalable, reliable, and highly efficient plant systems. "This project is exceptional in many respects. The intensive bidding phase saw us planning the production lines for the ingredients less than a year later. We now aim to implement the project at the same pace. The partnership is a very rewarding experience."

GEA will now construct the process systems, which include membrane filters, mixers, homogenizers, heat exchangers, pasteurizers and UHT units, cleaning and filling systems as well as the pump and valve technology. Installation will start mid-2022. The production capacity initially built can easily be expanded to multiply the capacity in the future as demand grows. Media Relations: Anne Putz Peter-Müller-Str. 12, 40468 Düsseldorf, Germany Phone +49 211 9136-1500 anne.putz@gea.com

About GEA GEA is one of the world's largest systems suppliers for the food, beverage and pharmaceutical sectors. The international industrial technology group specializes in machinery and plants as well as advanced process technology, components and comprehensive services. With more than 18,000 employees, the group generated revenue of more than EUR 4.6 billion in fiscal year 2020. A major focus is on continuously enhancing the sustainability and efficiency of customers' production processes. GEA plants, processes and components help achieve significant reductions in carbon emissions, plastic use and food waste in production worldwide. In this way, GEA makes a decisive contribution toward a sustainable future, fully in line with its corporate philosophy of "engineering for a better world."

GEA is listed in the German MDAX and the STOXX^(R) Europe 600 Index and is also among the companies comprising the DAX 50 ESG and MSCI Global Sustainability Indices.

More information can be found online at www.gea.com

About Novozymes Novozymes is the world leader in biological solutions. Together with customers, partners and the global community, Novozymes improves industrial performance while preserving the planet's resources and helping build better lives. As the world's largest provider of enzyme and microbial technologies, the company's bio-innovation enables higher agricultural yields, low-temperature washing, energy-efficient production, renewable fuels and many other benefits that we rely on both today and tomorrow. We call it Rethink Tomorrow. www.novozymes.com Contact: GEA Group Aktiengesellschaft Phone +49 (0)211 9136 1081 Fax +49 (0)211 9136 31087 gea.com

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Additional features: File: GEA will build Novozymes' new plant to produce alternative products for the human nutrition turnkey. This order in the growing 'New Food' market is one of the largest orders in GEA's history.

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2021-09-16 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      GEA Group Aktiengesellschaft 
              Peter-Müller-Straße 12 
              40468 Düsseldorf 
              Germany 
Phone:        +49 (0)211 9136-0 
Fax:          +49 (0)211 9136-31087 
E-mail:       ir@gea.com 
Internet:     www.gea.com 
ISIN:         DE0006602006 
WKN:          660200 
Indices:      MDAX 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich; Regulated Unofficial 
              Market in Hanover, Stuttgart, Tradegate Exchange 
EQS News ID:  1233801 
 
End of News   DGAP News Service 
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1233801 2021-09-16

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(END) Dow Jones Newswires

September 16, 2021 04:02 ET (08:02 GMT)

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