SHAREHOLDERS’ NEWSLETTER VIVESCIA INDUSTRIES 2022-2023 Malting Malt production begins at Meoqui The global beer market was volatile in 2022- 2023 due to higher energy and transport costs and After a construction phase lasting barley supply chain established inflationary pressure. Thanks more than four years, the factory with local farmers trained by to its international reach and in Meoqui (Mexico) dispatched Malteurop. Barley requires less 60-plus years of experience, its 昀椀rst batch of malt in July 2023. water to grow than other grains, Malteurop has achieved very The new facility, located in the making it perfectly suited to the pleasing results this year. heart of Chihuahua State, is a Mexican climate. To reinforce its As a privileged partner to trailblazer for three different position in the region, Malteurop brewers and distillers in the 14 reasons: its annual production has also recently acquired a stake countries in which it operates, capacity of 120,000 tonnes; in Pelek, a specialist malting barley it supplies the top-quality its successful partnership with trading company that is one of its local malts they need to Heineken, one of the world’s main partners. respond to growing consumer leading brewers; and above all, the demand for transparency. Thanks to the engagement of its 1,100 employees, Malteurop continues to grow. % 2.3 It aims to diversify into in 96 new geographical areas and innovative markets of revenue 23 million annual generated tonnes internationally sites production production capacity in 14 countries 12 13