FDBusiness.com

Belgium: EIB signs loan deal with Puratos

 Breaking News
  • UK Supermarkets Sweep Up 17 Months of Growth UK supermarket sales have increased in value by 3.1% compared with last year according to the latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 8 October 2017. This marks the 17th period of growth in a row for Britain’s grocers. Like-for-like grocery inflation remains at 3.2% but consumers could be [...]...
  • Hilton Food Group to Expand to New Zealand Hilton Food Group, the UK-based specialist international meat packing business, is to proceed with plans to expand its packing capability to New Zealand. Hilton will construct a new meat processing facility in Auckland and supply Progressive Enterprises, New Zealand’s leading retailer, trading as Countdown Supermarkets. As Progressive Enterprises is also part of the Woolworths business, [...]...
  • From Measurement Data to Smart Actions Energy and process industry monitoring and control systems contain a lot of data, which is not always fully utilised. Data is also collected in different systems, which further hampers comprehensive overall management. The efficient use of measurement data is increasingly becoming a crucial factor in gaining a competitive advantage. Elomatic’s FORMIOT data analysis service offers support [...]...
  • Rocla’s Automation Solution Maximizes Storage Capacity and Saves Money Operations at Valio’s new whey powder factory started gradually in Autumn 2014. The main goal was to build a fully automated warehouse. Valio also needed to maximize the storage capacity in this space, and to be able to adjust the temperature and air humidity. At the warehouse there are 3 Rocla’s automated guided vehicles (AGVs) [...]...
  • Packaging Automation Helps Chicory Crops to Grow As a growing business Packaging Automation know how important it is to keep cash within the business and how hard it is to acquire the machines and equipment you need to grow. Packaging Automation want to help businesses to grow, adapt and keep up with what can be frighteningly fast paced growth without tying up [...]...

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

  • October 19, 2017PMA Fresh Summit 2017
  • October 21, 2017Food & Nutrition Conference & Expo 2017
  • October 22, 2017Serbotel
  • October 22, 2017Natexpo
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements