SINGAPORE: Nestle inks R&D tie-up with Singapore government
Nestle functional R&D tie-up
Nestle has entered into a partnership with the Singapore government's Agency for Science, Technology and Research (ASTAR) to establish a global R&D platform fpr functional products.
Researchers from the Swiss food giant will collaborate with ASTAR scientists to focus on areas such as nutrition, packaging, data analytics and biotransformation, the company said.
"We are delighted to sign this research agreement with ASTAR. It provides the framework for future collaboration that will help to strengthen our food science and technology capabilities in Singapore and beyond," Nestle's chief technology officer, Stefan Catsicas, said.
Nestle has focused much of its NPD efforts on developing functional products and the company in a bid to help drive top-line growth. Last year, the group launched a number of functional products, including a bar for "older adults". Nestle also acquired brain health nutrition business Pamlab.
Nestlé signs research agreement with Singapore Jan 22, 2014
Nestlé has entered into a strategic partnership with the Singapore government's Agency for Science, Technology and Research, ASTAR, with the goal of setting up global research programmes in food science and technology. The agreement will focus on areas such as nutrition, packaging, data analytics and also biotransformation - the use of natural processes, such as fermentation, to transform raw materials into ingredients with nutritional or functional benefits.
"We are delighted to sign this research agreement with ASTAR. It provides the framework for future collaboration that will help to strengthen our food science and technology capabilities in Singapore and beyond," said Nestlé's Chief Technology Officer, Stefan Catsicas. "Our goal is that closer collaboration with ASTAR will enable our team of food technologists, food engineers, chemists and microbiologists to share their knowledge and understanding in multiple areas of food science and to strengthen Nestlé's position as a global leader in food science, nutrition and technology."
On behalf of Nestlé, the three-year framework agreement was signed by Johannes Baensch, Nestlé's head of Global Research and Development and Frank Lehmann, head of Intellectual Asset Management and Licensing. Dr Raj Thampuran, Managing Director of ASTAR, and Suresh Sachi, Deputy Managing Director (Corporate and Legal) signed on behalf of the Agency.
The agreement will allow Nestlé to further expand its extensive expertise in areas of biotransformation including fermentation, enzyme technology and probiotics and to develop superior technology solutions to meet consumer expectations. Though used in hundreds of food products across the world, many Asian products in particular are based on biotransformation processes such as fermentation including, for example, tempe - made from fermented soy beans - and kimchi, fermented vegetables with chilli particularly popular in Korea.
Nestlé products made using the natural fermentation process include MAGGI Liquid Seasoning based on wheat gluten fermentation, and MAGGI bouillon cubes in West Africa, based on soya fermentation. Nestlé uses its expertise in biotransformation in several of its 34 Research & Development and Product Technology Centres around the world. The company's Research & Development Centre in Singapore, set up in 1980, was its first in Asia, set up to meet the region's burgeoning economic growth. R&D Singapore now employs approximately 120 people from 18 different nations, working in disciplines including engineering, packaging and design, analytical chemistry, microbiology, food and nutritional science.
Original source: Nestle
Nestle (Malaysia) Bhd (NESTLE) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled...
Synopsis Canadean's "Nestle SA : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a...
Nestle SA (NESN) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData...
Project Synopsis: MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity unde...
- On the move: What's in store from Tesco's new CEO?
- The just-food interview: Premier Foods CEO Darby
- On the money: Can Premier build H2 sales momentum?
- Focus: Lindt plays safe with Russell Stover buy
- Interview: Bell hits out at German cartel ruling
- UPDATE: Premier establishes international unit
- Campbell issues warning on 2014/15 fiscal year
- S&A Foods announces restructure, 55 jobs to go
- Premier launches Oxo pots range in UK
- Universal Robina to buy biscuit firm Griffin's