NEWS 96 FEED & ADDITIVE MAGAZINE November 2024 One of the leading innovators in health, nutrition, and beauty, dsm-firmenich announced a partnership with Bounty Fresh Group (BFG) Philippines, a leading fully integrated poultry producer and food retailer. The two organisations have come together to sign a Memorandum of Understanding (MoU) to implement dsm-firmenich’s Sustell™ platform, one of the leading life cycle assessment (LCA) platforms to measure and improve the environmental footprint of animal proteins. According to the announcement, the agreement, signed on 11th September 2024, marks another successful sustainable agreement for dsm-firmenich in the Philippines’ farming sector. Bounty Fresh Group (BFG) has a focus on expanding product offerings, sustainability and community support within the agricultural ecosystem. Dr. David Nickell, Vice President Sustainability and Business Solutions at dsm-firmenich Animal Nutrition & Health said: “We are proud to partner with Bounty Fresh Group Philippines on implementing our Sustell™ platform to enhance the sustainability of their poultry operations. Through implementing precise, scalable and credible environmental impact measurements, we can work together to create more sustainable food production systems that benefit both producers and consumers.” Read more>> dsm-firmenich and BFG Philippines sign MoU for sustainable poultry production One of the global leaders in yeast manufacturing, Angel Yeast partnered with Indonesian agricultural company PT.Tunas Baru Lampung Tbk (TBLA) to set up a subsidiary in Lampung Province, Indonesia, and acquire land to develop agricultural production projects, in a move to further optimize Angel Yeast's global yeast production operations and carry forward its international strategy, boosting its competitive advantages in the Asia-Pacific markets. According to a statement, the subsidiary has a registered capital of 381 million yuan (USD54.29 million), of which Angel Yeast will contribute about 305 million yuan (USD43.46 million) and hold 80 percent of the shares, while TBLA will contribute about 76 million yuan (USD10.83 million) for 20 percent of the shares. The registration and land transaction procedures are estimated to be completed before February 2025. The land to be acquired for the project is held by Sungai Budi Group, and the industrial land has a total area of 15.31 hectares, with the total amount of the land acquisition expected to be worth approximately Rp76.6 billion (USD5.015 million). Read more>> Angel Yeast establishes new yeast production facility
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