LycoRed Invests in China
Research conducted by LycoRed shows a growing demand for nutritional premixes in Asia Pacific, in addition to accelerated demand for Lyc-O-Mato in Japan, China and Thailand. These finding encouraged LycoRed management to build the new facility in China and to allow the company to establish and develop closer partnerships with key suppliers and provide comprehensive healthy ingredient and premix solutions.
“LycoRed is a well-known supplier of nutritional premixes for leading food companies especially, in Europe,” notes Morris Zelkha, president and CEO of LycoRed Ltd. “Building this new plant in China, coupled with our extensive plant in the U.K. is in line with our goal to strengthen our position in the Asia-Pacific market and become a preferred supplier of natural functional ingredients to food and beverage companies worldwide. Once we establish a relationship with a new client, it is important to be responsive to the clients need in terms of real-time return and accessibility and providing tailor-made solutions in a single location.”
From the November 7, 2011, Prepared Foods' Daily News.