The UniMark Group announces long-term citrus supply contract.ARGYLE, Texas--(BUSINESS WIRE)--Nov. 7, 1996--The UniMark Group, Inc. (Nasdaq NMS See NetWare Management System. symbol: "UNMG") announced today its subsidiary Grupo Industrial Santa Engracia ("GISE v. t. 1. To feed or pasture. n. 1. Guise; manner. "), a Mexican producer of citrus concentrates, citrus oils and citrus juices has entered into a long-term Supply Contract with a Fortune 100 affiliated company. Pursuant to the terms of this Supply Contract, GISE will plant and grow approximately 12,000 acres of citrus. GISE expects to begin the development of this citrus plantation immediately. Said Jorn Budde, UniMark's chief executive officer, "This arrangement will significantly expand our agricultural operations in Mexico." GISE operates juice plants located in Victoria, Tamaulipas Mexico and Poza Rica Poza Rica (formally: Poza Rica de Hidalgo) is a city and its surrounding municipality in the Mexican state of Veracruz. Its name means "rich well", because it was a place known for its abundance of oil. It has since been almost completely extracted. , Veracruz Mexico in the heart of major citrus growing regions A growing region is an area suited by climate and soil conditions to the cultivation of a certain type of crop. Most crops are cultivated not in one place only, but in several distinct regions in diverse parts of the world. . The UniMark Group, Inc. is a vertically integrated citrus and tropical fruit growing, processing, marketing and distribution company with operations in Mexico, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. CONTACT: The UniMark Group, Inc., Argyle Jorn Budde or Keith Ford or Jim Drewitz, 817/491-2992 |
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