Q3 2023 Earnings Report for Poultry Segment

N-America warming up to air-chilling tech Marel is the trendsetter in air-chilling technology and the state-of-the-art reference plant for Lincoln Premium Poultry in Nebraska, using only air-chilling solutions for better quality poultry products, has proven instrumental to build further commercial success in the US In Europe the air-chilling technology is already the industry standard in refrigeration to maintain good taste, tenderness and quality of the poultry protein, more than 300 air-chill tunnels sold worldwide Quality: Marel in-line air chilling is more than just removing heat, the process will largely determine yield, appearance and shelf life of the end product Sustainability: Air-chilling is more sustainable because it uses less water than conventional chilling Consumer preference: Consumer feedback indicates a preference for the taste and texture of air- chilled chicken meat, and following the pandemic consumers are more interested in food quality and nutrition Traceability and hygiene: With product automatically re-hung into and out of the air chill tunnel, Marel air chilling is fully in line saving a manual re-hang operation. Each individual product can therefore be accurately tracked and traced through both primary and secondary processes which is not the case with off-line water chilling systems Uptime: As processing plants strive to get as close to 100% uptime as possible, all components of an air chilling system must be ultra-reliable. Should one of the chiller's drive motors fail during production, its work is automatically taken over by its neighbor and can even pinpoint the exact position of any broken shackle marel Marel is proud to partner with the key poultry processors in N-America, more than 100% growth in air-chilling solutions sold in past 5 years, and sales have doubled following shifts in consumer behavior since the pandemic 24 24

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