Sojaprotein
Sojaprotein is a Serbian agribusiness company specializing in non-GMO soy processing and soy-based products.
Last updated August 31, 2026
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Overview
Sojaprotein, formally Sojaprotein a.d. za preradu soje Bečej, is a Serbian agribusiness company based in Bečej, in the autonomous province of Vojvodina. The company processes soybeans and manufactures soy-based products, positioning it within Serbia’s agricultural-processing and food-ingredient industries. Its operations are described as using exclusively non-GMO soybeans. The company was founded on 22 June 1977 and began regular production in 1983, six years after its establishment. Its development reflects the industrialization of agricultural processing in the former Yugoslavia and the later restructuring of Serbian industry. Sojaprotein was privatized in 2002 and subsequently became a subsidiary of Victoria Group, a Serbian agribusiness group. During the following decade, the company expanded production capacity. Publicly reported figures cited in reference material indicate that its revenue rose from €54 million in 2002 to €133 million in 2012; these figures are historical rather than current financial guidance. Sojaprotein entered the free market of the Belgrade Stock Exchange on 17 March 2004. Its period as a publicly traded company ended on 31 October 2019, when it was excluded from trading. The company is described as majority-owned by ADM Europe, linking the Serbian processing operation to the international ADM group. The ownership relationship provides access to a wider agricultural commodities and food-ingredients network while preserving Sojaprotein’s identity as a Bečej-based soy-processing business. The available reference material does not provide a detailed current product catalogue, consumer-facing marketing history, executive roster, or a confirmed corporate website URL. Accordingly, Sojaprotein is best characterized as a specialist agricultural and food-ingredient producer rather than a broadly marketed consumer brand. Its core differentiation is its location in a major agricultural region, long operating history, soy-processing specialization, and stated use of non-GMO soybeans.
History
Sojaprotein was established on 22 June 1977 in Bečej, Serbia, as an industrial enterprise focused on processing soybeans. Although founded in 1977, it did not begin regular production until 1983. The company’s location in Vojvodina placed it close to one of Serbia’s most important agricultural regions and provided a natural base for soybean procurement and processing. The business operated through the late socialist and post-socialist transformation of the Yugoslav and Serbian economies. In 2002, Sojaprotein was privatized and became a subsidiary of Victoria Group, a Serbian agribusiness company. After the change in ownership, the company increased its production capacity. Reference material reports that revenue grew from €54 million in 2002 to €133 million in 2012, illustrating the scale expansion recorded during that period, although these historical figures should not be treated as current financial information. Sojaprotein became a publicly traded company on 17 March 2004, when it was admitted to the free market of the Belgrade Stock Exchange. Its listing provided a public-market structure during a period of expansion and corporate reorganization. On 31 October 2019, the company was excluded from trading on the exchange. The company produces soy-based products and is described as processing exclusively non-GMO soybeans. The available reference does not enumerate individual product names or provide sufficient detail to distinguish consumer packages from industrial ingredients. Its business is therefore most clearly understood as soy processing and agricultural food production rather than as a conventional packaged-goods brand. Sojaprotein is majority-owned by ADM Europe. This ownership connects the Bečej operation with ADM’s broader international agricultural-processing and food-ingredients network. The available material does not establish the precise date or transaction mechanism of ADM Europe’s majority ownership, nor does it supply a current management list, detailed geographic sales breakdown, or confirmed official website address. The company’s known historical profile nevertheless combines a long Serbian operating history, expanded processing capacity, non-GMO soybean sourcing, and integration into a larger international agribusiness group.
- 2019
Trading ends on the Belgrade Stock Exchange
[1]The company was excluded from trading on the Belgrade Stock Exchange on 31 October 2019.
- 2004
Belgrade Stock Exchange admission
[1]Sojaprotein was admitted to the free market of the Belgrade Stock Exchange on 17 March 2004.
- 2002
Privatization and Victoria Group ownership
[1]Sojaprotein was privatized and became a subsidiary of Serbian agribusiness group Victoria Group.
- 1983
Regular production begins
[1]The company began regular production six years after its establishment.
- 1977
Company founded
[1]Sojaprotein was founded on 22 June 1977 in Bečej, Serbia.
Products and positioning
A Serbian specialist in non-GMO soybean processing and soy-based agricultural and food products.
Soy processing and food ingredients
Soy-based products
Sojaprotein produces soy-based products from processed soybeans. The available reference identifies the company’s general product area and states that it processes exclusively non-GMO soybeans, but does not provide a sufficiently detailed list of individual product lines, formulations, pack sizes, or target end markets.
Brand decisions
2019
Withdrawal from Belgrade Stock Exchange tradingOtherBackground
Sojaprotein had been admitted to the free market of the Belgrade Stock Exchange in 2004.
Action taken
The company was excluded from trading on 31 October 2019.
Aftermath
Sojaprotein no longer had an active listing on the Belgrade Stock Exchange.
2002
Post-privatization integration into Victoria GroupM&ABackground
Sojaprotein was privatized during the restructuring of Serbian industry and subsequently became a subsidiary of Victoria Group.
Action taken
The company entered Victoria Group’s agribusiness structure and expanded its production capacity afterward.
Aftermath
The available source associates the post-privatization period with increased capacity and substantial revenue growth by 2012.
Recent events
- 2019
Sojaprotein is excluded from trading on the Belgrade Stock Exchange[1]
Other
Sojaprotein ceased trading on the Belgrade Stock Exchange on 31 October 2019, ending its period as a listed company.
- 2004
Sojaprotein joins the free market of the Belgrade Stock Exchange[1]
Other
The company was admitted to the free market of the Belgrade Stock Exchange on 17 March 2004.
- 2002
Sojaprotein is privatized and becomes a Victoria Group subsidiary[1]
M&A
Following privatization, Sojaprotein became a subsidiary of Serbian agribusiness group Victoria Group.
Sources1 sources
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