Kemin Food Technologies – Asia Launches VALTEQ™ Line of Quality Improvers for Instant Noodles
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SINGAPORE (March 14, 2023) – Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services, has developed VALTEQ™, a unique line of quality improvers for instant noodle manufacturers. The liquid product line uses emulsifier solutions to increase consumers’ overall instant noodle eating experience by addressing some of the everyday challenges facing manufacturers.
“The VALTEQ portfolio helps food manufacturers increase production efficiency, contribute to quantity output optimization, reduce unnecessary waste and maximize profits,” said Michelle Lim, President, Kemin Food Technologies – Asia. “The product line brings two new-to-the-industry iterations—VALTEQ T and VALTEQ AO—which can be applied directly to noodle cakes. VALTEQ AS also offers alternative application for instant noodles, which can be sprayed or dipped in the solution.” The instant noodles sector was significantly impacted by COVID-19, which led to higher-than-anticipated demand across all regions compared to pre-pandemic levels. The global market is projected to grow from USD$54.60 billion in 2022 to USD$81.84 billion in 2029.1 “Instant noodles are one of the most internationally recognized food products consumed across both developing and developed countries,” said Joanne Tan, Associate Marketing Director, Kemin Food Technologies – Asia. “Market reports show that convenience, taste, nutrition and affordability all contribute to instant noodles’ increasing popularity among consumers. The VALTEQ suite of products answers all these demands, making it the ideal solution for instant noodle manufacturers.” Kemin Food Technologies – Asia will host a technical seminar and several application workshops to launch VALTEQ at the Food Ingredients China tradeshow in Shanghai on March 15 – 17. Click here to learn more about Kemin Food Technologies – Asia’s newest innovation to improve the quality of instant noodles.
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About Kemin Industries Kemin Industries (www.kemin.com) is a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 percent of the world with its products and services. The company supplies over 500 specialty ingredients for human and animal health and nutrition, pet food, aquaculture, nutraceutical, food technologies, crop technologies, textile, biofuel and animal vaccine industries. For over half a century, Kemin has been dedicated to using applied science to address industry challenges and offer product solutions to customers in more than 120 countries. Kemin provides ingredients to feed a growing population with its commitment to the quality, safety and efficacy of food, feed and health-related products. Established in 1961, Kemin is a privately held, family-owned-and-operated company with more than 3,000 global employees and operations in 90 countries, including manufacturing facilities in Belgium, Brazil, China, Egypt, India, Italy, San Marino, Singapore, South Africa and the United States. |
Ireland’s Dawn Meats set to acquire local peer Kildare Chilling
The deal will further consolidate Ireland’s meatpacking industry.
Dawn Meats, the Ireland-based meat processor, has entered into an agreement to acquire local peer Kildare Chilling Company.
The deal, which will further consolidate Ireland’s meatpacking industry, was confirmed in a brief statement from Co. Waterford-based Dawn Meats. It is subject to approval from the country’s Competition and Consumer Protection Commission (CCPC).
Family-owned Kildare Chilling Company is a beef and lamb processor which markets its products under the Kildara and Heritage Town brands. It operates a meat processing plant in Kildare town in the county of the same name.
The deal, first revealed in the Irish Times newspaper last month but unconfirmed until now, will see Dawn Meats taking over a business employing roughly 350 people and with a turnover in 2021 of EUR140m (US$150.4m).
Dawn Meats, the largest Irish beef processor in volume terms, supplies supermarkets, the foodservice channel and manufacturers and exports to more than 50 countries. It has ten Irish facilities and 12 in the UK.
It took full control of a three-year old joint venture it had with Northern Ireland-based Dunbia in July 2020, taking over Dunbia’s two plants in the Republic and combining Dunbia and Dawn’s UK businesses.
JBS reopens meat plant in Australia
The group shut the factory in 2017, due to drought and poor market conditions.
Meat giant JBS today (6 February) re-opened a factory in Australia it closed six years ago.
The Brazil-based company said it is investing around AUD20m (US$13.8m) into reopening a processing facility in Cobram in the southern state of Victoria. The plant will employ 150 staff, with plans to increase to its workforce to 350, as JBS gradually upscales production.
The group closed the factory in 2017, due to drought and poor market conditions. However, JBS said the facility will serve the “growing demand“ for lamb, mutton and goat protein proteins in Australia and overseas.
The Cobram site will operate five days a week with a capacity to process up to 4,000 heads of livestock per day.
“Today’s changed market conditions and increasing demand for lamb products has allowed us to invest in this fit-for-purpose facility which will partner with local businesses and livestock producers to deliver Australian lamb, mutton and goat to domestic and international consumers,“ Sam McConnell, the chief operating officer of the company’s JBS Southern division, said.
The Southern unit is one of JBS’ two divisions in Australia, taking in operations in Victoria, New South Wales, South Australia and Tasmania. Its Northern division also includes facilities in New South Wales but also in Queensland.
JBS has spent the last few months recruiting local Cobram workers for roles required at the facility.
Due to an ongoing labour shortage, JBS will be filling some roles via Australia’s federal government Pacific Australia Labour Mobility (PALM) scheme to employ staff from the Pacific Islands.
An unspecified number of roles remain available at the facility.
JBS’ recent corporate initiatives in Australia have included the 2022 acquisition of local pork processor Rivalea. A year earlier, the group bought Australia-based seafood company Huon Aquaculture.
Top 10 plant based food companies
According to the World Health Organisation (WHO) in the WHO European Region, more and more people are shifting towards plant-based diets for reasons relating to health, as well as to ethical considerations about climate change and animal welfare. In some countries changes in dietary patterns are only just emerging, while in others this trend is increasing rapidly.
Food Digital has put together a list of the top 10 companies maximising on this growing trend and providing plant based food globally.
1. Impossible foods
During a sabbatical in 2009, Stanford University Professor Dr. Patrick O. Brown decided to switch the course of his career to address the urgent problem of climate change by making the global food system sustainable. Pat brought together a team of top scientists to recreate the entire sensory experience of meat, dairy and fish using plants. In 2022, it launched in the UK with Impossible ”Chicken” Nuggets made from plants and Impossible Sausage Patties.
2. Gold and Green Foods
Gold and Green Foods is a food technology startup from Helsinki, Finland founded by Maija Itkonen, Reeta Kivela, and Zhongqing Jiang in 2015 serving vegetarians, flexitarians, pescaterians, and meat eaters. The company develops and markets plant protein products made from Nordic oats and legumes and combines them using Asian food technologies mixed with findings from Nordic food science to create their plant-based products. In 2016, Gold and Green Foods launched its first product line in Finland called Pulled Oats made out of Nordic oats, fava beans, and pea proteins. Pulled Oats are offered in three different flavors: Nude, Tomato, and Ginger.
3. Sunfed Meats
Sunfed Meats is a company located in New Zealand making plant-based meat substitutes primarily out of pea proteins. Sunfed's Chicken Free Chicken was the companies first pea protein based product to be sold on the market; with double the protein of chicken and triple the iron of beef. Sunfed explores the world’s plants to identify unique and different plant functionality. Using clean technology, the breakthrough start-up takes proteins from plants and creates meaty protein that has similar mouthfeel to animal meat. The company's range of Sunfed Meats tastes, feels and cooks like meat but is healthier and lighter on the planet, it claims.
4. VBites
Established in 1993, long before the current trend in plant based startups, VBites has been pioneering vegan meat, fish, cheese and dairy alternatives for over 27years. Manufactured in the UK its products are distributed worldwide and no other 100% vegan company comes close in terms of range. Through its taste-obsessed research and development, it says its focused on delivering a wide variety of delicious and healthy meat substitutes to satisfy the most discerning meat-reducer.
5. Morning Star Farms
Morningstar Farms is a division of the Kellogg Company that produces vegan and vegetarian food. Many of its offerings are plant-based variations of traditionally meat products. Its products include meatless chicken nuggets, popcorn chicken, corn dogs, breakfast sausage, burgers, hot dogs, bacon, and pizza snack rolls with vegan cheese. Originally, Morningstar offered some, but not all vegan products. In 2019, Morningstar Farms announced all products would be vegan by 2021, but as of December 2022 this has not been achieved.
6. Amy's Kitchen
Amy's Kitchen is a family-owned, privately-held American company based in Petaluma, California, that manufactures organic and non-GMO convenience and frozen foods. Founded in 1987 by Andy and Rachel Berliner, and incorporated since 1988, the company took its name from their daughter, Amy. All of Amy's 250+ products are vegetarian and made with organic ingredients. The company also operates a chain of four vegetarian fast food restaurants in California called Amy's Drive Thru.
7. Quorn Foods
Quorn is a brand of meat substitute products. Quorn originated in the UK and is sold primarily in Europe, but is available in 14 countries. The brand is owned by parent company Monde Nissin.
Quorn is sold as both a cooking ingredient and as a meat substitute used in a range of prepackaged meals.
All Quorn foods contain mycoprotein as an ingredient, which is derived from the Fusarium venenatum fungus. In most Quorn products, the fungus culture is dried and mixed with egg albumen, which acts as a binder, and then is adjusted in texture and pressed into various forms. A vegan formulation also exists that uses potato protein as a binder instead of egg albumen.
8. Beyond Meat
Beyond Meat is a Los Angeles–based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company's initial products were launched in the United States in 2012. Ethan Brown founded the company in 2009 with the stated mission of combating climate change. Brown initially contacted two University of Missouri professors, Fu-hung Hsieh and Harold Huff, who had been developing their meatless protein for years.
Upon licensing Hsieh and Huff's technology, Beyond Meat launched its first product, Beyond Chicken Strips (originally called "Chicken-Free Strips"), at Whole Foods in 2012 and expanded nationally in 2013.
In 2014, Beyond Meat developed its first plant-based beef product, Beyond Beef Crumbles, and has since expanded into plant-based pork. The People for the Ethical Treatment of Animals named Beyond Meat as its Company of the Year for 2013.
9. Daiya Foods
Daiya Foods is a Canada-based dairy-alternative food company located in Burnaby, British Columbia. The company was established in 2008 by Andre Kroecher and Greg Blake. Daiya's original (and likely its best known) products are cheese analogues made from coconut oil and tapioca flour that are known for their cheese-like consistency and melting properties. They contain no animal products or soy, lactose, wheat, barley, gluten or nuts.
10. Tofutti Brands
Tofutti Brands is a U.S. company based in Cranford, New Jersey, that makes a range of soy-based, dairy-free foods under the "Tofutti" brand that was founded by David Mintz. Tofutti sells an ice cream substitute for the lactose-intolerant, kosher, food allergy sensitive, vegetarian, and vegan markets.
Since the late 1980s in Canada, Tofutti-Cholac Foods distributes Tofutti products to Canadian supermarkets, grocers, and healthy food stores.
Ferrero scoops up US ice-cream firm Wells Enterprises
The Ferrero Rocher maker adds to its ice-cream assets in Europe.
Ferrero , the confectionery giant behind Kinder and Nutella , has struck a deal to buy US ice-cream maker Wells Enterprises .
Financial terms were not disclosed by either privately-owned business.
Italy-based Ferrero is one of the world’s largest chocolate makers and already has ice-cream interests in Europe.
Executive chairman Giovanni Ferrero said: “This represents a win-win partnership, bringing together ice-cream experts and confectionery champions. Together, we have the power of one and are well placed to grow and compete in the ice-cream market.”
Wells Enterprises manufactures and sells ice cream under brands including Blue Bunny, Bomb Pop and Halo Top. The family-owned group bought Halo Top three years ago after the US brand shook up the category on both sides of the Atlantic with its low-calorie fare.
In a joint statement, the companies said Wells Enterprises will “remain a stand-alone business” after the sale to Ferrero, with offices in Le Mars in Iowa. The group will retain production operations in Le Mars, as well as in Henderson in Nevada and in Dunkirk in New York state.
CEO Mike Wells will serve as “an adviser to support the transition”. Liam Killeen, Wells Enterprises’ president, will become CEO when the deal closes.
Killeen said: “This is an exciting day that accelerates growth and ensures a bright future for our company and everyone associated with it.”
Mr. Wells added: “We are a 100-year-old company focused on adapting for the next 100 years,” said Mike Wells. “Ferrero is a like-minded company with a commitment to providing high-quality, premium sweet-packaged food products that bring joy to consumers around the world. This acquisition puts the business in the best possible hands.”
The sale is expected to be finalised in “early 2023”, the statement added.
In 2019, Ferrero acquired a controlling stake in Spain-based ice-cream manufacturer Ice Cream Factory Comaker (ICFC) for an undisclosed sum.
Two years earlier, the Ferrero Rocher brand owner announced a tie-up with Unilever that saw the world’s largest ice-cream maker manufacture a range of Kinder-branded products for markets in Europe.
Ferrero’s presence in the US has been built organically and via a series of acquisitions, notably the 2017 deal for local confectioner Fannie May, the 2018 move for Nestlé’s US confectionery business and the 2019 purchase of Kellogg’s cookies and fruit snacks assets.
In 2017, Ferrero also acquired US firm Ferrara Candy Co. via an affiliated company.
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