Rheinland invested 148 million US dollars to build a plant and expand the production of sweeteners by 4,000 tons every year!
Layn Natural Ingredients, an expert in plant extracts, announced an investment of US$148 million for infrastructure expansion, promotion of plant extracts and natural sweeteners innovation and R&D, and consolidation of the supply chain.
The investment project includes a new production facility, which is expected to be completed within three years, and will increase the production of 4,000 tons of stevia leaf extract per year.
As the first listed company in the domestic plant extraction industry, Rheinland mainly produces natural sweetener extracts of stevia and Luo Han Guo, sweet tea extracts, and various functional plant extracts, such as Centella asiatica and rosemary. Rhein stated that the move is aimed at meeting the growing global demand for natural sweeteners and plant ingredients rich in polyphenols.
At the same time, the company will invest funds to establish innovation centers in Asia, Europe and the United States, provide formulation and R&D support for global manufacturing partners, and promote the discovery of new plant extracts and specific plant compounds. The company also plans to expand its sustainable agronomy innovation program to expand a transparent and traceable supply chain.
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