Sojaprotein

Sojaprotein is the largest soybean processing factory in Serbia, and thanks to the diversity and quality of its products and a processing capacity of 250,000 tons per year, it also ranks among the most important soybean processors in Central and Eastern Europe. At the same time, it is one of the few companies to process exclusively non-genetically modified soybeans (non-GMO) and strictly control its origin and quality, which adds value to the entire product range that the company exports to foreign markets.

The expansion of exports, with a revenue exceeding EUR 56 million generated in 2012 from sales in the European Union, CEFTA and EFTA, Russia, Turkey, the Middle East and North Africa, has certainly been assisted by the implementation of numerous quality standards. These include the ISO 9001, ISO 22000, ISO 14001, OHSAS 18001, GMP+, KOSHER and HALAL certificates; while the Non-GMO Identity Preserved (IP) certificate - confirming traceability of origin and the conservation of genetic purity - holds a special significance.

Sojaprotein takes pride in its wide assortment of soybean products, which range from protein to oil products. These include soy protein concentrates, flour, grits, textured products, crude oil, lecithin and SojaVita – a wide range of finished products for human consumption.

Since 2002, when it became a member of Victoria Group, Sojaprotein has been achieving constant growth in its business results, and serves as a model for a successful privatisation. The best indicators of Sojaprotein's successful privatization are that its production doubled from 2002 to 2012 (from 126,000 to 250,000 tons), that its exports have become nine times higher (from EUR 5.9 million to EUR 57 million), and that its revenue has risen to EUR 133 milion from EUR 59 million, while capacity utilization has increased from 79% to 100%.

Victoria Group has made several major investments in Sojaprotein, the most important being the construction of a plant for processing traditional soybean protein concentrate, with a processing capacity of 70,000 tons per year. The value of this investment was EUR 30 million and the plant, which became operational in September 2012, has made this factory a leading complex in Europe, by integrating all soybean processing phases. Thanks to this latest addition, exports are expected to reach 80% of Sojaprotein’s production, in comparison to the current 50%. Due to their high concentration of protein, the products manufactured in this new plant are most widely used in the food and pharmaceutical industries.

Today, Sojaprotein is on the A list of the Belgrade Stock Exchange and is one of only four companies whose shares are traded continuously.