FDBusiness.com

Belgium: EIB signs loan deal with Puratos

 Breaking News
  • New Head For Arla Foods UK Arla Foods, the leading European dairy co-operative, has announced the departure of its UK Managing Director, Tomas Pietrangeli, who is leaving the company to become CEO of Danish retail group Dagrofa. Pietrangeli will be replaced by Ash Amirahmadi, who is currently SVP – Sales for Arla Foods in the UK. Tomas Pietrangeli will leave on 30 June [...]...
  • HKScan Invests in its Kristianstad Plant in Sweden HKScan, the Nordic meat and food group, is investing close to €7 million in its Kristianstad plant in Sweden. This is one of the steps in HKScan’s strategic development of the entire value chain, from farm to fork. The investment further modernizes Sweden’s largest pig slaughterhouse and strengthens thereby further HKScan’s operational footprint. “HKScan’s investment increases [...]...
  • Craft Beer Revolution is Here to Stay Royal DSM, a global science-based company active in health, nutrition, and materials, has published a new report in its Global Insights Series which indicates the consumer demand for craft beer is not likely to slow down anytime soon. The report, which surveyed 3,300 consumers in seven countries in the Europe and US, shows that 4 [...]...
  • DeutscheBack Reduces Acrylamide in Bakery Products With Innovase ASP DP, DeutscheBack now offers manufacturers of bakery products an enzyme system that prevents the formation of acrylamide in baked goods such as biscuits, wafers, bread and rolls. A simple dosing makes the new solution easier for bakers to use than enzyme concentrates and enables adherence to the statutory tolerances for acrylamide without [...]...
  • AllinAll Ingredients Officially Opens New €5 Million Facility in Dublin An Taoiseach Leo Varadkar, TD (pictured above left), has officially opened AllinAll Ingredient’s new state-of-the-art manufacturing and Research and Development facility in Rosemount, Dublin. The company, which has been in the food industry for over 20 years, develops and manufactures ingredients, sauces and blends for the processed food market. Its R&D lead team have developed [...]...

Belgium: EIB signs loan deal with Puratos

February 18
16:24 2016

Daniel_Malcorps_puratosWith more than 70 years of expertise in producing and delivering ready-to-use mixes and toppings, Pennant Ingredients, located in Rochester, New York, generates more than 70 million dollars in sales
and employs 100 people will allow Puratos to sustain its key R&D activities, fostering innovation and reinforcing its leading position in a competitive market.

R&D at the core

Originally founded in Brussels in 1919, Puratos is active in over 100 countries and employs approximately 7.000 people globally – including 800 R&D researchers and technical advisors. The
family-owned group invests 2.5% of its revenues in R&D, which has always played a key role at Puratos starting in the 1960’s with the differentiation of ingredients for bakery. Over the last years
Puratos obtained substantial results with its R&D programs, such as leveraging the intrinsic qualities of natural raw materials.

Recent developments are the use of fermentation technology and functionalizing fruit fractions obtained through minimal processing. The R&D activities are predominantly carried out in the main
research centre of Puratos located in Groot-Bijgaarden near Brussels, Belgium.

Daniel Malcorps, CEO of Puratos, declared: “As a visionary leader, Puratos has developed ambitious R&D programmes over the years to enhance the quality, the taste and the nutritional value of its products according to the evolving needs and expectations of consumers and customers. With this loan, the EIB has become a knowledgeable partner in Puratos’ financing strategy, stimulating the Group’s ambitious R&D activities, especially in Europe. It will therefore open new opportunities for Puratos such as the further development of our product offer, the international growth of the business and the reinforcement of our pioneer role in the sector.”

A loan reflecting Puratos’ ambition and commitment

The EIB loan will finance Puratos’ RDI programme in the areas of nutrition, food processing, shelf life extension and improved food ingredients. More specifically, the R&D activities that will be carried
out will ensure the development of new fermentation based products and tasty, nutritious functional ingredients for the bakery, patisserie and chocolate sector. This operation is the second loan in favour of the Group and is the continuation of the RDI programme carried out in 2012-2015.

EIB Vice-President Van Ballekom commented on the signing saying: “Puratos is a fine example of the pioneering business fabric that Belgium is made of. This operation is all the more important since it
will be sustaining home-grown innovation that is world-leading in its sector. To fill the innovation gap we currently see compared to other continents, companies like Puratos are on the forefront and deserve our full support. This investment is moreover an example of our increased support to agrifood companies in Europe, with agriculture being a key sector for the EIB.”

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to
contribute towards EU policy goals. In Belgium alone, the EIB made available more than EUR 2,1 billion in loans over the course of 2015.

About Author

admin

admin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 25, 2018Packaged., The 7th Global Summit
  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements