Danish food and ingredients company Danisco has announced that it has entered into a joint venture with China’s Henan Tianguan Group Co to produce xanthan gum, used as a stabilising agent in salad dressings, sauces, bakery products and dairy desserts.
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Danisco said the joint venture consolidates its presence in China where it already produces a wide range of ingredients for the global food industry.
Danisco said it has signed a joint venture agreement giving Danisco 80% of the shares in the xanthan production of the Chinese company Henan Tianguan Group. The xanthan business will be organised under Danisco’s Textural Ingredients division and the joint venture will be named Danisco Tianguan (Nanyang).
“Xanthan is a new product in Danisco’s product portfolio. However, we already have extensive knowledge about xanthan through Danisco’s Functional Systems division which is a large user of xanthan. As part of our growth strategy, and in line with the one-stop-supplier strategy, we will be able to produce high quality xanthan and sell it at competitive prices to both internal and external customers,” said Danisco CEO Alf Duch-Pedersen.
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By GlobalData
