GEA Wins Order From Novozymes For Functional Protein Plant In U.S.; Stock Up

German food and beverages company GEA Group AG (GEAGF.PK,GEAGY.PK) announced Thursday that it has received an order from Denmark-based biotechnology customer Novozymes for a new functional protein plant in Nebraska, USA. The company said the order value is well into the high double-digit million-euro range.

With the order, which is one of the biggest in its history, GEA said it is further expanding its market position in the dynamically growing new food market.

The new plant will produce plant-based proteins for the plant-based food industry. Building the new factory will start later this year and is expected to be completed towards the end of 2023.

GEA will now construct the process systems, which include membrane filters, mixers, homogenizers, heat exchangers, pasteurizers and UHT units, cleaning and filling systems as well as the pump and valve technology. Installation will start mid-2022. The production capacity initially built can easily be expanded to multiply the capacity in the future as demand grows.

Novozymes is the world's largest supplier of enzyme and microbial technologies. The new plant covers the manufacturing steps from harvesting to separation of proteins.

In Germany, GEA shares were trading at 40.94 euros, up 1.3 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
This Black Friday and the following holiday season, retailers across the United States are urged to keep up their inventory amid expected surge in shopping as majority of Americans wait till last minute to fill their baskets, according to certain studies. A new Oracle Retail survey, which was conducted last week and presented earlier this week, showed that 66 percent of consumers were less than Eagle, Idaho -based Flagship Food Group is recalling certain TJ Farms Select brand frozen cauliflower, citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves a limited number of cases of TJ Farms Select cauliflower that comes in 16 oz. packages with lot code 2077890089 and UPC code 75544000604-3. The U.S. Food and Drug Administration has approved Takeda Pharmaceuticals Co. Ltd.'s Livtencity (maribavir) as the first drug to treat post-transplant cytomegalovirus or CMV in adults and pediatric patients. The approval is to treat patients 12 years of age and older and weighing at least 35 kilograms with post-transplant CMV infection/disease that does not respond...
Follow RTT