Ingredion, a leading global provider of ingredient solutions to diversified industries, on Tuesday announced the opening of a new facility in Kalasin province, completing an investment of approximately US$30 million (Bt1 billion).
The investment was part of the approximately $100 million of worldwide capital expenditures the company announced in September 2014.
The investment strengthens Ingredion’s capabilities and production of its Novation functional native starches, an industry-leading solution for clean-label food and beverage formulation, the company said.
The project commenced in August 2014 with over a million man-hours involved without any injuries upon completion, the company said, adding that within 2.5 years of its approval the facility has successfully produced its first batch of locally sourced Novation functional native starches.
Ingredion operates four facilities in Thailand with over 800 employees.
The new facility is designed to increase the global manufacturing capacity, facilitate better supply control and optimise efficiency of distribution in the Asia Pacific region.
Jorgen Kokke, the company’s senior vice president of Asia Pacific, said: “Consumer demand for clean label foods has evolved from a trend to mainstream. It is a global movement that was developed and established in the United States and Europe that is now emerging in Asia, and this expansion will help our customers meet the growing demand for healthier, simple ingredients and wholesome foods.”
The Ingredion group of companies is a leading global ingredient solutions provider specialising in nature-based sweeteners, starches and nutrition ingredients. With customers in more than 100 countries, Ingredion serves approximately 60 diverse sectors in food, beverage, brewing pharmaceuticals and other industries.