AAK AB acquired Arani Agro Oil Industries Ltd, a company headquartered in the Kakinada Port on the southeast coast of India. The transaction is expected to close before the end of 2022.
AAK
AAK’s 2021 Sustainability Report was named the best in the world in the category of plant-based oils, winning the 2022 Hallbars Award.
AAK Group’s operating profit increased by 21%, reaching SEK 664 million EUR 63.4 million). Its food ingredients business recorded an operating profit increase of 18%.
AAK announced its plan to make a ‘controlled exit’ from its operations and investments in Russia. In March, AAK temporarily froze deliveries to, and sales in, Russia.
AAK has decided to temporarily halt deliveries to, and sales in, Russia. The country makes up for around 3% of AAK’s volumes (metric tons).
AAK introduces a range of fats for chocolate and confectionery applications that use premium caramel, AKOMEL™. It is a portfolio of clean-label and plant-based fats obtained from sustainable sources, which are also available in non-hydrogenated, non-trans and low-saturated fat options.