Global
Solae
Company and Shineway Group embark on isolated soy protein plant
One of the world's leading soy ingredient innovators, The
Solae Company, and China's largest meat processor, Henan Luohe Shineway
Industry Group unveiled a new soy protein manufacturing facility in
Luohe City, China, continuing with their partnership of four years.
The facility will employ 200 specialised workers who will manufacture
a high quality, dry soy protein that is in high demand. This deal will
allow Henan Luohe Shineway to expand its local manufacturing base, in
turn leading to the availability of higher, more functional soy proteins
in China. Tony Arnold, President and CEO for The Solae Company said,“As
a company that delivers better ingredients for better living, we're
excited to expand our partnership with Shineway.” He further stated,
“Healthy eating and diet management will play an increasingly important
role in China. Consumers will look for more convenient food forms and
value foods that deliver nutritional benefits.” Said Wan Long,
President of Shineway Group, “Partnered with Solae strategically,
Shineway can offer both animal protein and vegetable protein, completely
meeting consumers' health and nutrition needs.”Solae’s soy
protein has the same protein quality score as meat, egg and milk protein,
is highly digestible and lactose-free.
ADM to have European R&D centre in
Hamburg
Archer
Daniels Midland Company (ADM) is planning to construct a European Research
and Development centre in Hamburg, Germany, to explore new food and
oleo chemical technologies, as well as drive process efficiencies for
existing technologies. Mark Zenuk, Vice- President and Managing Director
- European and Asian Operations of AMD, said, “Through a combination
of both existing process improvements and the development of new products
and technologies, this facility will further enhance our global strategy
of being a leader in the field of Bio Energy and expanding our premier
position in the agricultural processing value chain.” The new centre
will join the company’s existing global R&D capabilities, including
the James R Randall Research Center located in Decatur, Illinois. Archer
Daniels Midland Company is the one of the leaders in Bio Energy and
the agricultural processing value chain. It is also a leading manufacturer
of bio diesel, ethanol, soybean oil and meal, corn sweeteners, flour
and other value-added food and feed ingredients.
Private-label food and beverage sales
rise in the US
beverage
sales rise in the US According to market research firm Packaged Facts’
report private-label or store-brand food and beverage sales are at its
best in the US. The report estimates 2006 sales at more than $48 billion
and forecasts that sales will top $56 billion by 2011. Dairy and grain
foods lead in the sector, with their retail sales reaching more than
$7 billion and $5 billion respectively. But, these dairy and grain foods
showed slow growth during the four-year 2002–06 period, while smaller
segments such as pizza grew at a CAGR of 9.7 per cent. In beverages,
store-brand bottled water and energy drinks top the list. The current
trend of private-label products including organics has effectively contributed
to building brand equity and relationships with core customers. Don
Montuori, Publisher of Packaged Facts, remarks, “The idea that
a ‘local’ retailer can offer products as good or better than
a national brand at a lower price only helps to build consumer confidence
and loyalty towards the retailer. The consumer gets a greater value
and the retailer is more profitable.”
FACT Corp expands its commercial dough-mix
products’ line-ups
FACT
Corporation, a nutrition solutions company, will be expanding its line-up
of commercial dough-mix products, to offer both all-natural and organic
versions of some of its popular bake mixes. Jacqueline Danforth, CEO
of the company, says, “With the growing importance of ‘All
Natural’ and ‘Organic’ product centres in most major
retail grocery and drugstore chains, it is important that FACT offers
certain of its high-fibre bakery premixes in these formats in order
to allow expansion of our core products into a wider variety of distribution
channels.” He further stated,“We are hopeful that not only
our existing customers, but also prospective customers will benefit
from the expanded product line we now offer.”
