Degussa increase Chinese production
The produced texturizing blends now being produced in Shanghai are mainly used in Chinese dairy, ice cream and confectionery industries.
It is still a case of “business as usual” at Degussa Food Ingredients despite the unit’s impending sale. In January 2005 the Business Line Texturant Systems of Degussa Food Ingredients started the production of texturizing blends in its newly built production unit in Shanghai, China as it aims to enter more into the growing Asian market. The new blending unit was built within only 8 months and the production started exactly on schedule. The produced texturizing blends are mainly used in Chinese dairy, ice cream and confectionery industries.
“The new facility will enable us to adapt more to local needs and make products particularly aimed at the Chinese market”, Simone Ostertag at Degussa Food Ingredients told Foodingredientsfirst. “The Asian market itself is growing and gaining more interest for western companies and interest for us”, she noted.
Last month Degussa AG sold its Fruit Systems business to private equity, Speyside Equity LLC. The food ingredients business is being valued in the region of 750 million euros, but no details of a timeline on the sale are being revealed.
