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PureCircle raises £40 mln for expansion as it expects Reb A sweetener demand to soar.

PureCircle said it raised £40 million and plans to use the money to position the company for the increasing demand it expects over the coming years for its natural zero-calorie sweetener Rebaudioside A.

Since the US Food and Drug Administration clearance for high purity Reb A to be used as a food and beverage ingredient was granted in December 2008, a range of stevia-sweetened products have been launched in the US and performed well, securing strong sales. For example, stevia-sweetened tabletop products have secured 10 percent of the US tabletop sweetener market. Similarly, sales of PepsiCo’s SoBe Lifewater beverage flavours sweetened with Reb A, which were launched in 2009, are outperforming the category, PureCircle said, citing research data.

“With continuing pressure for the reduction of calories in food and beverages, PureCircle’s discussions with both current and potential clients have led to the expectation that such clients are planning launches of stevia-sweetened products and line extensions in a wider range and larger size in 2010 and 2011,” it said.

PureCircle plans to accelerate the expansion of its production capacity, initially with a new stevia extraction facility in Paraguay, with work expected to start early in FY 2011. In addition the Company intends to invest further in proprietary leaf development and expansion as part of its global leaf diversification programme.

Source: http://www.proactiveinvestors.co.uk/companies/news/10326/purecircle-raises-40-mln-for-expansion-as-it-expects-reb-a-sweetener-demand-to-soar-10326.html, 18 November 2009

For more information on PureCircle, join Dr. Sidd Purkayastha, Technical Director of PureCircleUSA as he presents his paper on Technical Aspects of Formulating with Stevia at the Stevia World Americas conference, 22 – 23 March 2010 held in Atlanta.

  • Technical Aspects of Formulating with Stevia
  • Challenges of formulating with Stevia
  • Pros and cons of direct replacement vs. blending
  • Blending challenges
  • Regulatory status of blending various sweeteners

Participate by registering now >>click here<<

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