The new factory is designed according to the latest and most modern standards in terms of production technology, energy consumption and environmental influence. The plant, which is projected to have a capacity in excess of 20,000 metric tons per year, should be up and running in the second half of 2012.
“In order to satisfy the increasing needs and demands of our customers for high quality emulsifiers and stabilizers produced in the Asian region, this is a natural move forward in Palsgaard’s strategic development plans,” says Palsgaard chairman Birger Brix.
The factory, valued at $30 million USD, will either be located in Singapore or the neighbouring state of Malaysia, depending on the results of further investigation by the company.
The whole Asian region has been a major growth area for Palsgaard in recent years. The company already has a fully equipped application centre in Singapore with pilot equipment within dairy, ice cream, bakery and soya milk products.
Source: Bakers journal