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[Vale do IvaÃ, BRAZIL] - Alltech has put its "Thinking globally, acting locally" mantra into practice again by entering into a joint venture with a sugar plant company, Vale do IvaÃ, Parana, Brazil. A total of US$25 million will be invested resulting in a state-of-the-art facility, with the largest yeast production in the world.
A growing demand for Alltech's natural products instigated the partnership, since production at Alltech's yeast facility in Serbia is already operating at full capacity. The fully automated, high-tech plant in Brazil is capable of providing four times the production capacity of the Serbian plant. According to Dr. Pearse Lyons, President of Alltech, "Yeast products made at Alltech's production muscle will begin rolling off the line in October. As a result, Alltech Brazil will become the biggest biotechnology producer and exporter in the area".
Dr. Lyons further explained that, "This facility is the world's largest yeast factory; has the capacity to produce up to 50,000 tonnes of yeast a year with investment in the plant totalling US$40 million by 2007. The plant, surrounded by sugar cane plantations, is designed to use almost 100% of renewable raw materials, which are sourced locally. Sugar cane will be the primary source for fermentation and the manufacturing of Alltech's natural products. This not only enables Alltech to better serve the fast-growing markets of Latin America, but also to export worldwide to our 85 markets worldwide.
Once running to full capacity, the facility will produce 50,000 tonnes of Bio-Mos?, Mycosorb?, Nupro? and Sel-Plex? . Future expansion will translate to more than 100,000 tonnes of product.
2005 marks Alltech's 25th year in the food and feed business. In the span of those 25 years Alltech's presence has grown into a multinational company with offices and distributors in 85 countries and more than 1,500 employees around the world. Alltech operates 14 production facilities including one in India and one in China. Significant further expansion is planned in the future for the Asian market.