French sugar processor Tereos is to construct two processing plants in China, its first in the country.

The investment will form part of the sugar and starch producer’s joint venture with Singapore-based Wilmar International for the development of food ingredients in China and Southeast Asia, approved earlier this year.

A plant producing wheat starch with an annual capacity of 500,000 tonnes will be built in Dongguan near Canton, while the company is also studying the construction of a plant of similar capacity in the north of the country, specialising in high fructose corn syrup.

Tereos’ chairman Philippe Duval said starch production in China increases by 10-15% annually compared to an annual decline of around 2% in Europe.

He added that China’s food industry has “enormous” requirements for this ingredient. “But we must move now on this as investment costs increase very rapidly in this part of the world.”

Separately, Alexis Duval has taken up the position as CEO of Tereos, effective 1 October. He succeeds his father, Philipe Duval who had been at the helm since 1984.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.