ADM to expand Clarisoy production
Company will expand production capacity of its clear, soluble soy protein products based on market demand and customer development activities currently underway.
March 10, 2014
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Archer Daniels Midland Co. (NYSE: ADM) announced that it intends to expand the production of Clarisoy under its exclusive license and production agreement with Burcon NutraScience Corp. (TSX: BU, NASDAQ: BUR), which grants ADM the exclusive right to produce and market Clarisoy—a line of clear, soluble soy protein products. ADM intends to expand its production capacity of Clarisoy products based on market demand and customer development activities currently underway.
“As more and more food and beverage customers look to incorporate Clarisoy into their products, we want to be ready to serve their needs,” said Bruce Bennett, vice president of ADM’s Foods & Wellness group. “Consumer preferences are driving demand for protein, and our food and beverage customers look for innovative ingredients like Clarisoy as they develop new products that support growing health and wellness trends around the world.”