Zaklady Tluszczowe Kruszwica S.A. Reports Earnings Results for the Full Year Ended December 31, 2019

Zaklady Tluszczowe Kruszwica SA is a Poland-based company involved in the manufacture and sale of vegetable oils and fats. The Company's core business is the production of bottled oils, consumer margarines and fats for industrial applications. It also trades in oilseeds and supplies crude and refined vegetable oils for industrial applications, mostly for biofuels and biocomponents producers. The Company distributes rape meal. The Company's operations includes the purchase of raw materials, rapeseed processing, refining, production of margarines and fats and bottling and delivering of the products to customers. It sells its products under Kujawski, Smakowita, Amada, and Pan Max brand names. It has manufacturing plants in Kruszwica, Brzeg, Gdansk and Warsaw. As of December 31, 2011, the Company's major shareholder was Koninklijke Bunge BV with a stake of 64.23%. On April 26, 2012, the Company acquired a 100% stake in Monleon sp. z o.o.