Today, June 26, 2024, we celebrate the 59th anniversary of our company RIOSA since its founding in 1965. Sixty years of history marked by our commitment to service to our customers and the quality of our products.
The Board of Directors of RIOSA-REFINACION INDUSTRIAL OLEICOLA SA., in accordance with the legal and statutory precepts, the Administrative Body calls the shareholders to the Ordinary General Meeting that will take place at the registered office, located at Barriada del Puente, s/n, in Ibros, Jaén, on the 29th. April 2024 at 10:00 a.m., with the following:
ORDER OF THE DAY
First.- Ratification of the constitution of the Ordinary General Meeting, the Agenda, as well as the positions of President and Secretary thereof.
Second.- Approval, if applicable, of the management of the entity's administrative body, corresponding to the year closed on 10/31/2023.
Third.- Approval, if applicable, of the annual accounts corresponding to the year closed on 10/31/2023.
Fourth.- Approval, if applicable, of the Application Proposal of the result of the aforementioned exercise.
Fifth.- Approval of the remuneration of the Directors.
Sixth.- Reading and approval of the minutes
The right of shareholders to request in writing, prior to the Board meeting or verbally during it, the reports or clarifications they deem necessary regarding the matters included in the Agenda, to the Administrative Body, is stated. who will provide it orally or in writing, according to the time and nature of the information requested in accordance with article 197 of the Consolidated Text of the Capital Companies Law.
RIOSA-Refinación Industrial Oleícola SA has received aid from the European Union under the Operational Program ERDF of Andalusia 2014-2020, financed as part of the Union's response to the COVID-19 pandemic (REACT-EU), to compensate for the extra energy cost of natural gas and/or electricity to SMEs and the self-employed especially affected by the increase in the prices of natural gas and electricity caused by the impact of Russia's war of aggression against Ukraine.'
Aid of this type helps to alleviate the effects of force majeure crises in companies in the Union, helping to maintain employment and reindustrialization.
The Spanish Confederation of Small and Medium Enterprises (CEPYME) presented its yearbook on November 7 'Cepyme 500', the list that aims to give visibility and projection to the five hundred SMEs that lead business growth in Spain and that, in his 2023 edition, includes RIOSA for the first time.
To prepare this list, CEPYME observes such significant markers in the chosen companies as their billing grow to a rate greater than 15 percent annually and that the innovation is an inherent part of your company philosophy.
We make special mention of the inclusion in the same list of a neighboring company and from the same oil sector, Libitec, dedicated to the production of biodiesel. We are proud that two such close companies have been chosen within this strict national selection.
RIOSA will be present at the 16th FIGAN which will be held in Zaragoza from March 28 to 31, 2023. We will be happy to welcome our clients and friends at our stand as always. A very productive fair, full of meetings and days for the development of animal production.
We are witnessing an interesting technological moment in which the use of AI tools, such as the well-known ChatGPT, the use of which millions of people have experienced in recent months for the most diverse functions.
Specifically, applied to the world of animal nutrition, we have asked ChatGPT "what are oleins?" The response generated could not be more correct:
«Oleins are a type of fatty acid commonly found in vegetable oils, such as olive oil, sunflower oil, canola oil and soybean oil. They are classified as monounsaturated fatty acids, meaning they have a double bond in their carbon chain.
Oleic acid is the most common type of olein and represents a large proportion of the fatty acids found in vegetable oils. It is a key component of the Mediterranean diet and has been associated with a variety of health benefits, such as improving cholesterol levels, reducing inflammation, and lowering the risk of heart disease.
Oleins are often used in the food industry as a source of healthy fats and as a substitute for trans fats, which are considered less healthy. They are also used in the production of soaps, detergents and cosmetics due to their emollient properties.
In our constant commitment to quality, RIOSA is proud to have recently achieved without any problems the renewal of the prestigious GMP+ quality certification, in manufacturing scheme B1. Thanks to the quality achieved in our products and the proven safety that they have demonstrated in the exhaustive tests carried out by accredited external laboratories, we have been certified by the prestigious Dutch company Bureau Veritas. This certification demonstrates our commitment to quality and not only to compliance with existing regulations on food safety, but also that we go much further in the quality and safety levels of our products. Our goal is to offer our clients maximum peace of mind when feeding their animals.
The Russian invasion of Ukraine and the subsequent war that is developing between two of the main exporting powers of food and energy raw materials has led to an increase in food prices without comparison in recent decades. Ukrainian grain production, in what was known as "Europe's breadbasket", has practically disappeared, and Russian grain production does not reach Europe due to economic sanctions. Along with this, an equally disproportionate rise in energy caused by economic sanctions on Russian gas and oil has only made the situation worse. Food prices, already highly inflated since the end of the COVID-19 pandemic, have continued to increase following the development of the sad events, putting pressure on a market, the food market, which is at the limit of consumers' possibilities. .
RIOSA is present at the 15 FIGAN held in Zaragoza from September 21 to 24, 2021. We will be happy to welcome our clients and friends at our stand as always. A very productive fair, full of meetings and days for the development of animal production.
20 years after the Bovine Spongiform Encephalopathy (BSE) crisis, also known as the "mad cow" crisis, the European Union has once again approved, after long studies, the use of animal protein in animal feed, always that certain rules are met that expressly exclude intraspecies cannibalism.
In summary, from now on it will be allowed to use flour of pork origin to feed poultry, and vice versa, which will lead to better use of very useful materials that were previously lost as waste. It will also allow the use of collagen and gelatin of ruminant origin in non-ruminants. And as a novelty, the use of insect protein in poultry and pork is allowed. Previously, the use of said insect protein was only allowed for fish feeding. The prohibition on the use of proteins of bovine origin for all uses is maintained, following what was learned in the BSE crisis.
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