CP Kelco Invests More Than $50 Million in Citrus Fiber Capacity Expansion
Strong customer demand and market potential are key drivers to build new production line
CP Kelco, a global leader of nature-based ingredient solutions, announced that it will invest more than $50 million to expand production capacity for NUTRAVA™ Citrus Fiber, based on strong customer demand and market potential. With this significant capital investment, the company will have ample capacity for supporting current and future customers' citrus fiber supply needs.
The expansion project will add a second NUTRAVA™ Citrus Fiber production line to the company's facility in Matão, Brazil, increasing total capacity to approximately 5,000 metric tons and establishing CP Kelco as a leading citrus fiber supplier to food, beverage and consumer product manufacturers worldwide. The new production line is expected to be complete and operational in 2023, with options to incrementally expand capacity in the future based on customer needs.
Launched in December 2019, NUTRAVA™ Citrus Fiber is a unique, next-generation ingredient made from sustainably sourced citrus peels, a byproduct of the juicing industry. Developed in response to continuing consumer demand for food and beverage products with less ingredients, less sugar and less fat, NUTRAVA™ Citrus Fiber can help manufacturers of these products meet clean label needs while achieving critical functionality that ensures their desired taste and texture. Key applications include condiments, dressings, soups, fruit-flavored beverages, bakery goods, and dairy and alternative protein products.
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