Tereos, Jungbunzlauer strengthen agreement19 Dec 2014
Tereos says it is pursuing its expansion and strengthening its position in the Central European liquid sweetener market thanks to an agreement that consolidates its partnership of over 18 years with Jungbunzlauer. The end of sugar and isoglucose quotas in October 2017 will result in an expansion of the liquid sweetener market in Europe, and […]
Tereos says it is pursuing its expansion and strengthening its position in the Central European liquid sweetener market thanks to an agreement that consolidates its partnership of over 18 years with Jungbunzlauer.
The end of sugar and isoglucose quotas in October 2017 will result in an expansion of the liquid sweetener market in Europe, and especially in Central Europe, the company said.
With this in mind, Tereos and Jungbunzlauer are strengthening the industrial partnership that they entered into over 18 years ago.
The agreement signed by both groups secures the long-term supply of Jungbunzlauer’s plant in Alsace, which will be supplied from Tereos’ starch production plant in Marckolsheim, thereby enabling Jungbunzlauer to develop its business activities and to offer new outlets for French agricultural production. Jungbunzlauer use the starch hydrolysate to produce different organic acids, salts thereof and Erythritol.
Tereos will market cereal-based liquid sweeteners in Austria, which will be produced at the Jungbunzlauer plant in Pernhofen. Accordingly, Tereos will be able to offer its customers in the food processing and fermentation industry in this region a full range of sugar and glucose syrups. This agreement will also enable Tereos to review the construction of an isoglucose production unit at the same facility, which is one of the most cutting-edge facilities in Central Europe.
“This partnership will enable us to broaden our geographical coverage for cereal-based sweeteners in Central Europe. Accordingly, we will be able to provide better support to our customers on these markets, which will be required to expand when the quotas end in 2017. We are delighted to be strengthening our historical ties with Jungbunzlauer, a market-leading group that is recognized for its extensive expertise”, said Alexis Duval, Tereos’ Chief Executive Officer.
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