Pancosma invests in additives producer in China
Pancosma has acquired an 80% majority shareholding in a Chinese feed additives firm, Jangsu Keybio Biology Technology Co, to accelerate its development in China.
The Chinese manufacturer is located in the free zone of Zhangjiagang port, east of Shanghai, on the Yangtze River. It has a production plant, a laboratory, two warehouses, reported the Switzerland headquartered Pancosma.
Dr Goetz Gotterbarm, CEO of Pancosma, which produces sweeteners, acidifiers, plant extracts and other speciality additives, said the partnership strengthens its position in China and that it would invest in encapsulation technologies on the Zhangjiagang site. “Once completed, Pancosma’s portfolio and approach will be fully available to the Chinese market,” he added.
