DSM has revealed plans to create a joint venture with Chinese firm Nenter & Co, which will include all Nenter’s production and related assets for vitamin E.
The Dutch nutrition company will acquire a 75% shareholding in the joint venture for approximately €135 million.
The venture will acquire and operate vitamin E production facilities in Jingzhou, Hubei, China, and have a minority shareholding in Nenter’s Shishou facility, also in Hubei.
Both companies will upgrade and refurbish the facilities to secure a quality and sustainable supply of vitamin E.
The new business will exclusively produce vitamin E for DSM and there will be a profit share agreement in place between the Heerlen-headquartered company and Nenter.
DSM currently produces vitamin E in Switzerland and it said the joint venture will allow it to simplify its supply chain by expanding production to Asia Pacific.
In a statement, DSM said: “Vitamin E is well recognised and accepted as nature’s most effective fat-soluble, chain-breaking antioxidant, protecting cellular membranes from being attacked by lipid peroxyl radicals.
“Although primarily known as an efficacious biological antioxidant, vitamin E has more benefits, including maintenance of the structural integrity of all tissues and substantial contribution to optimum health and disease resistance of farm animals due to its modulating effects on the immune system.”
The transaction is subject to several regulatory approvals and expected to close in the second or third quarter of 2019.
Last year, DSM announced a series of upgrades to its vitamin C production plant in Jiangshan, China, as part of its “ongoing commitment to quality, safety, sustainability and production efficiencies” throughout its vitamin C portfolio.
Source: FoodBev
The Hershey Company has formally announced a leadership succession plan as Michele Buck, the current chairman, president and CEO, prepares to retire on June 30 2026. Buck, who has been with the company for two decades, will remain in her roles until a successor is appointed, after which she will transition to a senior advisor position.
The Kraft Heinz Company has officially appointed Marta Pilczuk as the managing director for its UK and Ireland operations, effective from January 1 2025. Pilczuk, who has over 16 years of experience in the fast-moving consumer goods (FMCG) sector, steps into this role following a successful tenure as managing director of Kraft Heinz Poland.
The US Food and Drug Administration (FDA) has banned the use of the synthetic colourant Red Dye 3 in food, beverages and ingested drugs. The decision, announced on 15 January 2025, follows two studies that linked the dye to cancer in male laboratory rats.
