Omnia Announces Joint Venture In New Zealand
OMNIA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/003680/06)
Share Code: OMN
ISIN : ZAE000005153
("Omnia" or the "Company")
Johannesburg, 3 November 2003
OMNIA ANNOUNCES JOINT VENTURE IN NEW ZEALAND
Omnia, the specialised chemical services company, today announced that it has
entered into a joint venture agreement with Ravensdown Fertilizer Cooperative
(Ravensdown) for the development, production and distribution of speciality
products in New Zealand.
"This demonstrates our commitment to the significant and growing New Zealand
agricultural market and enhances our offer to our global customer base. The
existing access to Ravensdown"s large customer base, together with our
technology and experience, will significantly strengthen our positioning in the
global Speciality markets," said Omnia MD, Rod Humphris.
Ravensdown celebrates its 25th anniversary this year and is the largest producer
and distributor of fertilizers to the New Zealand market, which is approximately
the same size as the South African market.
The new company will trade under the name NutriSolv and will start operating in
the first quarter of 2004. It will initially concentrate on foliar and animal
nutrition products and will evolve to include other speciality services and
products currently offered by Omnia.
Date: 03/11/2003 09:00:03 AM Supplied by www.sharenet.co.za
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