Tate & Lyle completes expansion of glucose line in Slovakia
Slovakia, 11th May 2010:
Tate Lyle today announces that it has completed commissioning the major expansion to the glucose manufacturing lines at its corn wet mill in Slovakia’s Trnava region. The extension will increase the business in the region and will further reinforce the leading position of Tate Lyle in Central and Eastern Europe.
The expansion will see the plant multiplying its total capacity in glucose syrups with the business looking to take advantage of increasing demand in a fast growing part of Europe. This development is part of the investment announced at Tate Lyle’s preliminary results in May 2009 to expand the Slovakian plant in order to supply the increased EU isoglucose quota. Located in the corn belt of Europe, the Boleraz plant, part of Tate Lyle’s Eaststarch joint venture, benefits from the area’s attractive agronomics as well as superior economies of scale.
“With the extension, we will gain processing flexibility which will enable us to develop even more varieties of glucose syrups and isoglucose blends in order to offer the tailored solutions our customers require.” said Beata Endre, Product Manager, Liquid Sweeteners.
Commenting, Valentin Stanimirov, Vice President Sales Liquid Sweeteners and Industrial Starches, said: “Despite the effects of the economic downturn, demand for glucose has stayed relatively stable over the last year. This, combined with the effects of the EU Sugar Regime reform and the fact that leading manufacturers have taken the decision to expand their Central and Eastern European operations, makes us confident that the newly expanded plant will be a great success.
“Importantly, the expansion will also allow the business to continue to expand its multi-functional portfolio of products for food and beverage customers, which is a key strategic focus for Tate Lyle.”
Tate Lyle’s GLUCAMYL glucose syrups are nutritive sweeteners made from corn.
Glucose syrups bring structure and mouthfeel to a wide range of food applications while still providing sweetness and energy. Glucose syrups are vital ingredients in several food products, where e.g. sugar crystallization should be prevented, or good freeze-thaw stability is required. GLUCAMYL Glucose syrups are mainly used for confectionery, ice cream, fruit preparations, brewing, baking, ketchups and sauces.
At Tate Lyle we have a strong tradition of designing syrups to create the exact set of functional properties our customers require.
Tate Lyle operates through two global business units, Speciality Food Ingredients and Bulk Ingredients, supported by Innovation and Commercial Development. The Group's strategy is to become the leading global provider of Speciality Food Ingredients through a disciplined focus on growth, and by driving the Bulk Ingredients business for sustained cash generation to fuel this growth.
Speciality Food Ingredients include starch-based speciality ingredients (corn-based speciality starches, sweeteners and fibres), no calorie sweeteners (including SPLENDA® Sucralose) and Food Systems which provides blended ingredient solutions. Bulk Ingredients include corn-based bulk sweeteners, industrial starches and fermentation products (primarily acidulants). The co-products from both divisions are primarily sold as animal feed.
Tate Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2013, Tate Lyle sales totalled £3.3 billion. http://www.tateandlyle.com. SPLENDA® is a trademark of McNeil Nutritionals, LLC
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