GLG Life Tech gets business license for Chinese JV

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Related tags: Glg life tech, Corporation, Management, Marketing

GLG Life Tech’s joint venture in China has been given the go-ahead by Chinese authorities to provide its stevia-derived sweeteners for use in foods and beverages, the company has said.

The joint venture with China Agriculture and Healthy Foods Company Limited (CAHFC), called Dr. Zhang’s All-Natural and Zero Calorie Beverage and Foods Company (ANOCTM), has now received a national business license for its business activities that include research and development, production, marketing and sales, GLG said.

In addition, the company announced a number of senior executive and management appointments at ANOCTM, including Wang Qian as president.

She said in a statement: “I am pleased to be appointed as president of ANOCTM China and I see our opportunity to leverage GLG’s leading stevia products and CAHFC’s product formulation and production capabilities to deliver healthy food and beverage products in the fast growing China food and beverage market.”

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